Document:

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                                                                    EXHIBIT 10.2

                             SUBSCRIPTION AGREEMENT

                                    BETWEEN

                                INTERLAND, INC.

                                      AND

                             MICROSOFT CORPORATION

                            DATED DECEMBER 24, 1999

<PAGE>   2

                             SUBSCRIPTION AGREEMENT

         THIS AGREEMENT (this "Agreement") is entered into as of December 24,
1999 by and between Interland, Inc., a Georgia corporation (the "Company") and
Microsoft Corporation, a Washington corporation ("Investor").

                  WHEREAS, the Company desires to issue and sell to the
Investor, and the Investor desires to subscribe for and acquire from the
Company, a substantial equity interest in the Company, upon the terms and
conditions hereinafter set forth;

                  NOW, THEREFORE, in consideration of the foregoing and of the
mutual covenants and agreements hereinafter set forth, the parties hereto agree
as follows:

DEFINITIONS

         For all purposes of this Agreement, certain capitalized terms
specified in Exhibit A shall have the meanings set forth in that Exhibit A,
except as otherwise expressly provided.

SALE AND PURCHASE OF SHARES

         2.1.     SALE AND PURCHASE OF SHARES

                  On the basis of the representations, warranties and
agreements contained herein, and subject to the terms and conditions hereof,
the Company agrees to issue and sell to the Investor, and the Investor is
subscribing for and agrees to purchase from the Company, an aggregate of
2,300,000 shares of Series A Convertible Participating Preferred Stock, no par
value per share ("Series A Stock"), having the rights, preferences and other
terms set forth on Exhibit B hereto, at a price per share of Series A Stock of
$2.18 for an aggregate purchase price of $5,014,000. In addition, the Company
hereby agrees to issue to Investor a warrant to purchase 506,000 shares of
Common Stock (the "Warrant"), in form and substance of Exhibit C hereto, with
an exercise price of $5.80 per share.

         2.2      CLOSING

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         The closing of the sale and purchase of the shares of Series A Stock
and the issuance of the Warrant shall take place simulanteously with the
Company's receipt by wire transfer of immediately available funds in the amount
of $5,014,000 from the Investor, as payment in full for the share of Series A
Stock subscribed for and being purchase by the Investor hereunder (the
"Closing"). At the Closing, the Company shall issue and deliver to the Investor
(i) a stock certificate or certificates in definitive form, registered in the
Investor's name, representing the Series A Stock, and (ii) the Warrant
registered in the Investor's name.

         2.3.     SALE AND PURCHASE OF ADDITIONAL SHARES

         At the Second Closing (as defined below), and on the terms and subject
to the conditions set forth in this Agreement, the Company shall issue, sell
and deliver to the Investor, and the Investor hereby subscribes for and shall
purchase and accept from the Company, the number of shares (the "Additional
Shares") of Common Stock of the Company equal to the number obtained by
dividing (A) $7,500,000 by (B) a number equal to the lesser of (i) the midpoint
of the expected range of offering prices reflected on the Company's first
filing with the Securities and Exchange Commission of a registration statement
covering the sale of its Common Stock and (ii) the actual price to the public
in such offering, and rounding the number obtained thereby to the nearest whole
number. In addition, the Company shall issue an additional warrant to the
Investor (the "Additional Warrant") at the Second Closing, in form and
substance of Exhibit C hereto, to purchase up to that number of shares of
Common Stock equal to 75% of the number of Additional Shares purchased by the
Investor at the Second Closing with an exercise price per share equal to the
purchase price per share paid by the Investor at the Second Closing to purchase
the Additional Shares.

         2.4.     PURCHASE PRICE AND PAYMENT FOR ADDITIONAL SHARES.

         In consideration of the sale of the Additional Shares to the Investor,
the Investor shall pay to the Company at the Second Closing the aggregate
purchase price of $7,500,000.00 (the "Purchase Price"). The Purchase Price
shall be paid in cash by wire transfer of immediately available federal funds
to an account designated in writing by the Company.

         2.5.     SECOND CLOSING.

         The closing of the transactions contemplated in Section 2.3 and
Section 2.4 hereof (the "Second Closing") shall take place at the offices of
Kilpatrick Stockton LLP, 1100 Peachtree Street NE, Suite 2800, Atlanta,
Georgia, at 10:00 a.m., Atlanta time, on the day after the Company's
registration statement is declared effective and the offering made pursuant
thereto is priced. The date on which the Second Closing takes place is herein
referred to as the "Second Closing Date". At

                                      -2-
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the Second Closing (i) the Company shall deliver to the Investor the executed
stock certificate representing the Additional Shares duly issued in the name of
the Investor and the Additional Warrant, and (ii) the Investor shall deliver
the Purchase Price to Company.

REPRESENTATIONS AND WARRANTIES OF THE INVESTOR

                  The Investor hereby represents and warrants to the Company as
follows:

         3.1.     ORGANIZATION AND STANDING

                  The Investor is duly organized, validly existing and in good
standing under the laws of the state or jurisdiction of its formation and has
the full and unrestricted power and authority to enter into this Agreement and
to carry out the transactions contemplated hereby.

         3.2.     AUTHORIZATION

                  The execution, delivery and performance by the Investor of
this Agreement and all other Documents contemplated hereby, the fulfillment of
and the compliance with the respective terms and provisions hereof and thereof,
and the consummation by the Investor of the transactions contemplated hereby
and thereby have been duly authorized, and will not: (a) conflict with, or
violate any term or provision of the Investor's certificate or articles of
incorporation, its bylaws or other governing documents or (b) conflict with, or
result in any breach of, or constitute a default under, any Agreement to which
the Investor is a party or by which such Investor is bound. No other action is
necessary for the Investor to enter into this Agreement and all other Documents
contemplated hereby and to consummate the transactions contemplated hereby and
thereby.

         3.3.     BINDING OBLIGATION

                  Each Document to be executed by the Investor pursuant hereto,
when executed and delivered in accordance with the provisions hereof, shall be
a valid and binding obligation of the Investor, enforceable in accordance with
its terms, shall be in full force and effect and shall constitute a legal,
valid and binding obligation of, and shall be legally enforceable against, the
Investor, and, to the Investor's Knowledge, the other parties thereto (except
as enforceability may be limited or affected by bankruptcy, insolvency,
reorganization, moratorium, fraudulent conveyance and other similar laws and
equitable principles now or hereafter in effect and affecting the rights and
remedies of creditors generally).

                                      -3-
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         3.4.     NO REGISTRATION UNDER THE SECURITIES ACT

                  The Investor understands that the Series A Stock, the
Warrant, the Additional Shares, and the Additional Warrant to be purchased by
it at the Closing or the Second Closing pursuant to the terms of this
Agreement, and the Common Stock of the Company into which the Series A Stock,
the Warrant and the Additional Warrant are convertible, have not and will not
be registered under the Securities Act or any state securities laws and will be
issued in reliance upon exemptions contained in the Securities Act or
interpretations thereof and in the applicable state securities laws, and cannot
be offered for sale, sold or otherwise transferred unless the Series A Stock
being acquired hereunder or the Common Stock of the Company into which the
Series A Stock, the Warrant and the Additional Warrant are convertible
subsequently are so registered or qualify for exemption from registration under
the Securities Act.

         3.5.     ACQUISITION FOR INVESTMENT

                  The Series A Stock, the Warrant, the Additional Shares and
the Additional Warrant, and the Common Stock issuable upon conversion of the
Series A Stock, the Warrant and the Additional Warrant, respectively, are being
acquired under this Agreement by the Investor in good faith solely for its own
account, for investment and not with a view toward distribution within the
meaning of the Securities Act. The Series A Stock, the Warrant, the Additional
Shares and the Additional Warrant will not be offered for sale, sold or
otherwise transferred by the Investor without either registration or exemption
from registration under the Securities Act and any applicable state securities
laws (and the delivery of investment representation letters and legal opinions
reasonably satisfactory to the Company, as reasonably requested by the
Company).

         3.6.     EVALUATION OF MERITS AND RISKS OF INVESTMENT

                  The Investor has knowledge and experience in financial and
business matters such that it is capable of evaluating the merits and risks of
its investment in the Series A Stock, the Warrant, the Additional Shares and
the Additional Warrant being acquired hereunder. The Investor is an "accredited
investor" within the meaning of Rule 501(a) under the Securities Act. The
Investor understands and is able to bear any economic risks associated with
such investment (including, without limitation, the necessity of holding the
Series A Stock, the Warrant, the Additional Shares, and the Additional Warrant
for an indefinite period of time, inasmuch as the Series A Stock, the Warrant,
the Additional Shares, and the Additional Warrant have not been registered
under the Securities Act or any state securities laws).

                                      -4-
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         3.7.     ADDITIONAL INFORMATION

                  The Investor acknowledges that it has been afforded the
opportunity to ask questions and receive answers concerning the Company and to
obtain additional information that it has requested to verify the accuracy of
the information contained herein. Notwithstanding the foregoing, nothing
contained herein shall operate to modify or limit in any respect the
representations and warranties of the Company or to relieve it from any
obligations to the Investor for breach thereof or the making of misleading
statements of material fact or the omission of material facts in connection
with the transactions contemplated herein.

         3.8.     STOCK CERTIFICATE LEGEND

                  Each Investor acknowledges and agrees that each certificate
representing the Series A Stock, the Warrant, the Additional Shares and the
Additional Warrant and the Common Stock issuable upon conversion thereof shall
bear the following legend:

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN
                  ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER
                  THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
                  SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR
                  TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
                  EXEMPTION THEREFROM UNDER SAID ACT AND ANY APPLICABLE STATE
                  SECURITIES LAWS.

SURVIVAL OF REPRESENTATIONS

         4.1.     SURVIVAL OF REPRESENTATIONS

                  All representations, warranties, covenants, and other
Agreements made by any party to this Agreement herein or pursuant hereto shall
also be deemed made on and as of the Closing Date as though such
representations, warranties, covenants, indemnities and other Agreements were
made on and as of such date, and all the representations, warranties,
covenants, indemnities and other Agreements shall survive the Closing Date for
a period of two years.

                                      -5-
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MISCELLANEOUS

         5.1.     ADDITIONAL ACTIONS AND DOCUMENTS

                  After Closing, each of the parties hereto hereby agrees to
take or cause to be taken such further actions, to execute, deliver and file or
cause to be executed, delivered and filed such further Documents, and will
obtain such consents, as may be necessary or as may be reasonably requested in
order to fully effectuate the purposes, terms and conditions of this Agreement.

         5.2.     NO BROKERS

                  Each of the parties hereto represents and warrants to the
other parties (and to each of them) that such party has not engaged any broker,
finder or agent in connection with the transactions contemplated by this
Agreement and has not incurred (and will not incur) any unpaid liability to any
broker, finder or agent for any brokerage fees, finders' fees or commissions,
with respect to the transactions contemplated by this Agreement. Each party
agrees to indemnify, defend and hold harmless each of the other parties from
and against any and all claims asserted against such parties for any such fees
or commissions by any persons purporting to act or to have acted for or on
behalf of the indemnifying party.

         5.3.     JURY WAIVER

         THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN AN ACTION OR
PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT OR ANY OF THE
TRANSACTIONS OR AGREEMENTS CONTEMPLATED HEREBY.

         5.4.     PUBLICITY

         Neither the Investor nor the Company shall issue any press release or
make any public disclosure regarding the transaction contemplated hereby unless
such press release or public disclosure is approved by those parties expressly
mentioned by name in the press release in advance. Notwithstanding the
foregoing, each of the parties hereto may, in documents required to be filed by
it with the SEC or other regulatory bodies, make such statements with respect
to the transactions contemplated hereby as each may be advised by counsel as
legally necessary or advisable and may make such disclosure as it is advised by
its counsel as required by law.

                                      -6-
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         5.5.     EXPENSES

                  Subject to the provisions of this SECTION 5.5, each party
hereto shall pay its own expenses incident to this Agreement and the
transactions contemplated hereunder, including all legal and accounting fees
and disbursements.

         5.6.     ASSIGNMENT

                  The Investor shall have the right to assign its rights and
obligations under this Agreement, in whole or in part, to any Affiliate of
Investor or to designate any of its Affiliates (to the extent permitted by Law)
to receive directly the shares of Series A Stock to be purchased hereunder or
to exercise any of the rights of the Investor, or to perform its obligations,
provided that such assignee shall have been deemed to have made the
representations and warranties contained in Article 3 hereof. The Company shall
not assign its rights and obligations under this Agreement, in whole or in
part, whether by operation of law or otherwise, without the prior written
consent of the Investor, and any such assignment contrary to the terms hereof
shall be null and void and of no force and effect. In no event shall the
assignment by the Company or the Investor of its rights or obligations under
this Agreement, whether before or after the Closing, release the Company or the
Investor from their respective liabilities and obligations hereunder.

         5.7.     ENTIRE AGREEMENT; AMENDMENT

                  This Agreement, including the other Documents referred to
herein or Furnished pursuant hereto, constitutes the entire Agreement among the
parties hereto with respect to the transactions contemplated herein, and it
supersedes all prior oral or written Agreements, commitments or understandings
with respect to the matters provided for herein. No amendment or modification
of this Agreement shall be valid or binding unless set forth in writing and
duly executed and delivered by the Company and the Investor.

         5.8.     WAIVER

                  No delay or failure on the part of any party hereto in
exercising any right, power or privilege under this Agreement or under any
other Documents Furnished in connection with or pursuant to this Agreement
shall impair any such right, power or privilege or be construed as a waiver of
any default or any acquiescence therein. No single or partial exercise of any
such right, power or privilege shall preclude the further exercise of such
right, power or privilege, or the exercise of any other right, power or
privilege. No waiver shall be valid against any party hereto unless made in
writing and signed by the party against whom enforcement of such waiver is
sought and then only to the extent expressly specified therein.

                                      -7-
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         5.9.     SEVERABILITY

                  If any part of any provision of this Agreement or any other
agreement or document given pursuant to or in connection with this Agreement
shall be invalid or unenforceable in any respect, such part shall be
ineffective to the extent of such invalidity or unenforceability only, without
in any way affecting the remaining parts of such provision or the remaining
provisions of this Agreement.

         5.10.    GOVERNING LAW

This Agreement, the rights and obligations of the parties hereto, and any
claims or disputes relating thereto, shall be governed by and construed in
accordance with the laws of the State of Georgia (excluding the choice of law
rules thereof).

         5.11.    NOTICES

                  All notices, demands, requests, or other communications which
may be or are required to be given, served, or sent by any party to any other
party pursuant to this Agreement shall be in writing and shall be hand
delivered, sent by overnight courier or mailed by first-class, registered or
certified mail, return receipt requested, postage prepaid, or transmitted by
telecopy addressed as follows:

                   (i)     If to Investor:

                           Microsoft Corporation
                           One Microsoft Way
                           Redmond, Washington 98052
                           Telecopy No.: (___) ___-____
                           Attention:  ________________

                   (ii)    If to the Company:

                           Interland, Inc.
                           101 Marietta Street, Suite 200
                           Atlanta, GA 30303
                           Telecopy No.: (404) 720-3707
                           Attention:  Ken Gavranovic

                   with a copy (which shall not constitute notice) to:

                           Kilpatrick Stockton LLP
                           1100 Peachtree Street, Suite 2800
                           Atlanta, GA 30309-4530
                           Telecopy No.: (404) 815-6555
                           Attention:  David A. Stockton

                                      -8-
<PAGE>   10

Each party may designate by notice in writing a new address to which any
notice, demand, request or communication may thereafter be so given, served or
sent. Each notice, demand, request, or communication which shall be hand
delivered, sent, mailed or telecopied in the manner described above, shall be
deemed sufficiently given, served, sent, received or delivered for all purposes
at such time as it is delivered to the addressee (with the return receipt, the
delivery receipt, or (with respect to a telecopy) the answerback or
confirmation being deemed conclusive, but not exclusive, evidence of such
delivery) or at such time as delivery is refused by the addressee upon
presentation.

         5.12.    HEADINGS

                  Section headings contained in this Agreement are inserted for
convenience of reference only, shall not be deemed to be a part of this
Agreement for any purpose, and shall not in any way define or affect the
meaning, construction or scope of any of the provisions hereof.

         5.13.    EXECUTION IN COUNTERPARTS

                  To facilitate execution, this Agreement may be executed in as
many counterparts as may be required. It shall not be necessary that the
signatures of, or on behalf of, each party, or that the signatures of all
persons required to bind any party, appear on each counterpart; but it shall be
sufficient that the signature of, or on behalf of, each party, or that the
signatures of the persons required to bind any party, appear on one or more of
the counterparts. All counterparts shall collectively constitute a single
agreement. It shall not be necessary in making proof of this Agreement to
produce or account for more than a number of counterparts containing the
respective signatures of, or on behalf of, all of the parties hereto.

         5.14.    LIMITATION ON BENEFITS

                  The covenants, undertakings and agreements set forth in this
Agreement shall be solely for the benefit of, and shall be enforceable only by,
the parties hereto and their respective successors, heirs, executors,
administrators, legal representatives and permitted assigns (including
specifically, without limitation, any third party transferees acquiring shares
of Series A Stock purchased by the Investor pursuant hereto).

         5.15.    BINDING EFFECT

                  Subject to any provisions hereof restricting assignment, this
Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective successors, heirs, executors, administrators, legal
representatives and assigns.

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<PAGE>   11

         IN WITNESS WHEREOF, the undersigned have duly executed this Agreement,
or have caused this Agreement to be duly executed on their behalf, as of the
day and year first hereinabove set forth.

                                   THE COMPANY:

                                   INTERLAND, INC.

                                   By:  /s/  Ken Gavranovic
                                      -----------------------------------------
                                   Name:  Ken Gavranovic
                                   Title: President and Chief Executive Officer

                                   THE INVESTOR

                                   MICROSOFT CORPORATION

                                   By:  /s/  John Connors
                                      -----------------------------------------
                                   Name:  John Connors
                                        ---------------------------------------
                                   Its:  Senior Vice President, Chief
                                       ----------------------------------------
                                         Financial Officer

                                     -10-
<PAGE>   12

                                   EXHIBIT A
                           TO SUBSCRIPTION AGREEMENT
                         DATED AS OF DECEMBER  , 1999

                                  DEFINITIONS

                  "ADDITIONAL SHARES" means the shares of Common Stock acquired
by the Investor at the Second Closing.

                  "ADDITIONAL WARRANT" means the warrant issued to the Investor
at the Second Closing.

                   "AFFILIATE" means: (a) with respect to a person, any member
of such person's family; (b) with respect to an entity, any officer, director,
stockholder, partner or investor of or in such entity or of or in any Affiliate
of such entity; and (c) with respect to a person or entity, any person or
entity which directly or indirectly, through one or more intermediaries,
Controls, is Controlled by, or is under common Control with such person or
entity.

                  "AGREEMENT" means any concurrence of understanding and
intention between two or more persons (or entities) with respect to their
relative rights and/or obligations or with respect to a thing done or to be
done (whether or not conditional, executory, express, implied, in writing or
meeting the requirements of contract), including, without limitation,
contracts, leases, promissory notes, covenants, easements, rights of way,
covenants, commitments, arrangements and understandings.

                  "CLAIMS" means all demands, claims, actions or causes of
action, assessments, losses, damages (including, without limitation, diminution
in value), liabilities, costs and expenses, including, without limitation,
interest, penalties and reasonable attorneys' fees and disbursements.

                  "CLOSING" means the Closing of the sale of shares of Series A
Stock and the Warrant to the Investor under this Agreement.

                  "COMMON STOCK" means the Company's Common Stock, no par value
per share.

                  "COMPANY" means Interland, Inc., a Georgia corporation.

                  "CONTROL" means possession, directly or indirectly, of power
to direct or cause the direction of management or policies (whether through
ownership of voting securities, by Agreement or otherwise).

<PAGE>   13

                  "DOCUMENTS" means any paper or other material (including,
without limitation, computer storage media) on which is recorded (by letters,
numbers or other marks) information that may be evidentially used, including,
without limitation, legal opinions, mortgages, indentures, notes, instruments,
leases, Agreements, insurance policies, reports, studies, Financial Statements
(including, without limitation, the notes thereto), other written financial
information, schedules, certificates, charts, maps, plans, photographs,
letters, memoranda and all similar materials.

                  "EXHIBIT" means an exhibit attached to the Agreement.

                  "FURNISHED" means supplied, delivered or provided in any way,
including through attorneys, employees or officers.

                  "INVESTOR" means Microsoft Corporation, a Washington
corporation.

                  "KNOWLEDGE" means to the actual knowledge of the party making
the representation, and, in the case of the Company, "Knowledge" shall mean the
actual Knowledge of the officers and directors of the Company.

                  "LAWS" means all foreign, federal, state and local statutes,
laws, ordinances, regulations, rules, resolutions, orders, determinations,
writs, injunctions, awards (including, without limitation, awards of any
arbitrator), judgments and decrees applicable to the specified persons or
entities and to the businesses and Assets thereof (including, without
limitation, Laws relating to securities registration and regulation; the sale,
leasing, ownership or management of real property; employment practices, terms
and conditions, and wages and hours; building standards, land use and zoning;
safety, health and fire prevention; and environmental protection, including
Environmental Laws).

                  "PERSON" means any individual, partnership, joint venture,
corporation, trust, unincorporated organization or entity, government or
department or agency of a government.

                  "SECOND CLOSING" means the closing of the sale of the
Additional Shares and the Additional Warrant to the Investor under this
Agreement.

                  "SECTION" means a Section (or a subsection) of this
Agreement.

                  "SECURITIES ACT" means the Securities Act of 1933, as
amended, and all Laws promulgated pursuant thereto or in connection therewith.

                  "SERIES A STOCK" means the Company's Series A Convertible
Participating Preferred Stock, no par value per share.

                                     -ii-
<PAGE>   14

                  "SHARES" means the Series A Stock being purchased by the
Investor pursuant to the terms of this Agreement.

                  "SUBSIDIARY" means a corporation or other entity of which at
least 50% of the outstanding securities or other interests having rights to
vote or otherwise exercise Control are held, directly or indirectly, by the
Company.

                  "WARRANT" means the warrant to purchase shares of Common
Stock issued to the Investor at the Closing.

                                     -iii-<PAGE>   1
                                                                    EXHIBIT 10.7

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made and entered into as of February 14, 2000, by and
between INTERLAND, INC., a Georgia corporation (the "Company"), headquartered in
Atlanta, Georgia, and H. CHRISTOPHER COVINGTON ("Executive"), an individual
residing in Atlanta, Georgia.

         WHEREAS, the Company desires to employ Executive and to establish
certain terms and conditions of his employment by entering into an employment
agreement with Executive as hereinafter provided;

         WHEREAS, Executive desires to accept such employment with the Company
on the terms and conditions provided herein; and

         WHEREAS, in the course of his employment, Executive will gain knowledge
of the business, affairs, finances, management, marketing programs and
philosophy, suppliers, distributors, customers, clients and methods of operation
of the Company and the Company would suffer irreparable harm if Executive were
to use such knowledge, information and business acumen in competition with the
Company or other than in the proper performance of his duties hereunder.

         THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein, the parties hereby agree as follows:

         1. Employment and Term. (a) Subject to the terms and conditions of this
Agreement, the Company hereby employs Executive, and Executive hereby accepts
employment, as Senior Vice President, General Counsel and Secretary of the
Company and shall have such responsibilities, duties and authority as may from
time to time be assigned to Executive by the Chief Executive Officer and the
Board of Directors. Executive hereby agrees that during the Term of this
Agreement he will devote substantially all his working time, attention and
energies to the diligent performance of his duties as Senior Vice President,
General Counsel and Secretary of the Company, provided that the Executive may
also serve on boards of directors or trustees of

<PAGE>   2

other companies and organizations, as long as such service does not materially
interfere with the performance of his duties hereunder. Nothing herein shall
preclude the Board, in its sole discretion, from changing Executive's title and
duties if the Board has concluded in its reasonable judgment that such change is
in the Company's best interests, subject to the terms of Section 12(g) of this
Agreement.

         (b) Unless earlier terminated as provided in Section 3, Executive's
employment under this Agreement shall be for a term of 3 year(s), commencing on
February 14, 2000 and ending on February 14, 2003. Executive's employment with
the Company shall end with the termination of this Agreement unless the Company
gives Executive written notice not less than thirty (30) days before the
expiration of this Agreement that the Company desires to continue Executive's
employment. If such notice is given, upon the expiration of this Agreement,
Executive shall continue to be employed by the Company as an "at will" employee
on the same basis as other Company employees who are "at will" and do not have
employment agreements.

         (c) Executive warrants that Executive is not under any obligation,
contractual or otherwise, limiting or affecting Executive's ability or right to
perform freely services for Company.

         2. Compensation and Benefits. As compensation for his services during
the Term of this Agreement, Executive shall be paid and receive the amounts and
benefits set forth below:

         (a) An initial base salary ("Initial Base Salary") of $200,000.00,
subject to withholding of all applicable taxes, expressed as an annual amount
but payable in equal installments shall be paid to Executive. Executive's
Initial Base Salary shall be reviewed for adjustments at such time as the Board
conducts salary reviews for its executive management generally, but not less
frequently than annually. Executive's salary shall be payable in accordance with
the Company's regular payroll practices in effect from time to time for
executive management of the Company.

         (b) Executive shall participate in the Company's bonus incentive
compensation program, as long as it is available to executive officers of the
Company, and, based on Executive's performance, may be entitled to a bonus of up
to 15% of Executive's Base Salary.

                                       2
<PAGE>   3

         (c) In connection with commencement of employment, the Company will
grant to Executive options for 200,000 shares of Company Common Stock, as
granted by the Board and under the terms and conditions set forth in a separate
stock option agreement.

         (d) Executive shall be entitled to participate in the Company's stock
option plan, at the discretion of the Board, and the amount and terms of any
stock option grant shall be set forth in a separate agreement.

         (e) Executive shall participate in, or receive benefits under, any then
current "employee benefit plan" (as defined in Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended) or employee benefit
arrangement made available by the Company to its executives generally, including
plans (to the extent offered) providing 401(k) benefits, health care, life
insurance, disability and similar benefits. Without limiting the foregoing,
Executive shall be entitled to two (2) weeks of vacation per year, in accordance
with the Company's vacation pay policy.

         3.       Benefits Upon Termination.

         (a) If Executive's employment is terminated either by the Company
(other than for Cause) or by the Executive for Good Reason or if Executive
becomes Disabled, Executive shall be entitled to the payments and benefits in
(b) and (c) below. If Executive dies prior to his termination of employment, his
designated beneficiary or beneficiaries will be entitled to the payments in (d)
below. Payments and benefits under subsections (b) and (c) are subject to
Executive's execution of a separation agreement acceptable to the Company which
will include a complete release of any and all claims relating to his
employment. If Executive's employment is terminated by the Company for Cause or
by the Executive voluntarily (other than for Good Reason), this Agreement shall
end as of the Termination Date of Executive's employment and Executive will be
entitled to no further payments or benefits (except as otherwise required by
law). The Term of this Agreement automatically ends as of the Termination Date.
The provisions of Sections 4-11 survive any termination of this Agreement or
termination of employment, other than by reason of Executive's death.

         (b) Subject to and in accordance with the provisions of Section 3(a),
Executive shall continue to receive Executive's Base Salary as then in effect
(subject to withholding of all

                                       3
<PAGE>   4

applicable taxes) for the period commencing as of the Termination Date and
continuing until the later of (1) end of the Term of this Agreement set forth in
Paragraph 1(b) or (2) one year. Payment shall be made in the same manner as it
was being paid as of the Termination Date; provided that if Executive terminates
employment for Good Reason due to a reduction in Executive's Base Salary,
Executive's Base Salary shall be paid at the rate in effect immediately before
such reduction for purposes of this subsection. During any period that he is
paid hereunder, Executive shall be on call to consult with the Company with
respect to the Company's Business at reasonable times and places and upon
reasonable notice. Reasonable out of pocket business expenses incurred in
connection with such consulting shall be reimbursed. Any amounts Executive has
due and owing to the Company may offset any amounts paid under this Agreement.

         (c) If Executive properly elects COBRA coverage for group health
benefits upon his Termination Date and timely pays the premiums charged, if any,
under the Company's group health plan to active employees for the coverage
elected, Company shall pay the balance of Executive's COBRA premium during the
period payments are made under Section 3(b) above but not beyond the COBRA
continuation period. Thereafter, Executive will be charged the normal COBRA
premium for any remaining period of COBRA coverage. Group term life insurance
benefits, if any, shall be continued at the same level and in the same manner as
for active employees during the period payments are made under Section 3(b)
above. Any additional coverages Executive had at termination, including
dependent coverage, will also be continued for the period during which payments
are made under Section 3(b) on the same terms as before termination and to the
extent permitted by the applicable policies or contracts. Any costs Executive
was paying for such coverages at the time of termination shall be paid by
Executive through deduction from the amounts payable under Section 3(b) or, if
such withholding cannot be done, by separate check payable to the Company each
month in advance. If Executive qualifies (or would qualify) for the Company's
long term disability plan, the effective date of long term disability plan
coverage shall be treated as a Date of Termination for purposes of this Section
3.

         (d) If the Executive dies prior to termination of employment under
Section 3(a) above, his designated beneficiary or beneficiaries will be entitled
to receive amounts (subject to

                                       4
<PAGE>   5

applicable taxes) equal to Executive's Base Salary as in effect at the date of
death for a period from the date of death to the later of (1) the end of the
Term of this Agreement set forth in Paragraph 1(b) or (2) one year. Amounts
shall be paid in installments in the same manner as the Executive was being paid
as of his date of death. Members of Executive's family shall be entitled to
continuation of benefits in accordance with Company policies.

         4. Confidential Information. During the term of employment and
continuing subsequent to any termination or expiration of this Employment
Agreement, Executive shall maintain Confidential Information as secret and
confidential unless Executive is required to disclose Confidential Information
pursuant to the terms of a valid and effective order issued by a court of
competent jurisdiction or a governmental authority. Executive shall use
Confidential Information solely for the purpose of carrying out those duties
assigned him as an employee of Company and not for any other purpose. The
disclosure of Confidential Information to Executive shall not be construed as
granting to Executive any license under any copyright, trade secret or any right
of ownership or right to use the information whatsoever. All physical items,
including electronic media, containing Confidential Information, including,
without limitation, any business plan, Company know-how, collection methods and
procedures, advertising techniques, marketing plans and methods, sales
techniques, documentation, contracts, reports, letters, notes, any computer
media, client lists, and all other information and materials of Company's
business and operations, shall remain the exclusive and confidential property of
Company and shall be returned, along with any copies or notes of Executive made
thereof or therefrom, to Company when Executive ceases his employment with
Company.

         5. Non-Disparagement. Executive shall not at any time make false,
misleading or disparaging statements about the Company, including its products,
services, management, employees, and customers.

         6. Non-Solicitation of Customers. Executive hereby covenants and agrees
that at no time during Executive's employment with Company and for a period of
one year immediately following termination of Executive's employment with
Company, whether voluntary or

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<PAGE>   6

involuntary, shall Executive act in any way, directly or indirectly, with the
purpose or effect of soliciting, diverting or taking away any strategic partner,
business, customer, client or supplier of Company that Executive contacted,
directly or indirectly, or that anyone directly or indirectly supervised by
Executive contacted, directly or indirectly, during Executive's employment with
Company.

         7. Non-Solicitation of Employees. Executive hereby covenants and agrees
that at no time during Executive's employment with Company and for a period of
one year immediately following termination of Executive's employment with
Company, whether voluntary or involuntary, will Executive act in any way with
the purpose or effect of soliciting, recruiting, or encouraging, directly or
indirectly, any Person who is or was at any time during the one year period
prior to the Termination Date to leave the employ of Company, its divisions or
its subsidiaries.

         8. Limitations on Post-Termination Competition. Executive hereby
covenants and agrees that at no time during Executive's employment with Company
and for a period of one year immediately following termination of Executive's
employment with Company, whether voluntary or involuntary, Executive shall not
perform Services within the Territory for any Person providing or offering goods
or services identical to or reasonably substitutable for Company's Business.
Executive acknowledges that (i) this covenant has unique, substantial, and
immeasurable value to Company, (ii) this covenant is reasonably limited in scope
and geography to protect Company's legitimate business interests, including its
property, confidential information and relationships, good will, economic
advantage, and customer relationships; (iii) the agreements, covenants and
undertakings of Executive set forth in this Agreement will not preclude
Executive from becoming gainfully employed following termination of employment
with Company; and (iv) the services Executive intends and is expected to provide
are special and unique.

         9. Works. Executive acknowledges that Executive's work on and
contributions to documents, programs, methodologies, protocols, and other
expressions in any tangible medium (collectively, "Works") are within the scope
of Executive's employment and part of Executive's

                                       6
<PAGE>   7

duties, responsibilities or assignment. Executive's work on and contributions to
the Works will be rendered and made by Executive for, at the instigation of, and
under the overall direction of, Company, and all such work and contributions,
together with the Works, are and at all times shall be regarded, as "work made
for hire" as that term is used in the United States Copyright Laws. Without
limiting this acknowledgment, Executive assigns, grants, and delivers
exclusively to Company all rights, titles, and interests in and to any such
Works, and all copies and versions, including all copyrights and renewals.
Executive will execute and deliver to Company, its successors and assigns, any
assignments and documents Company requests for the purpose of establishing,
evidencing, and enforcing or defending its complete, exclusive, perpetual, and
worldwide ownership of all rights, titles, and interests of every kind and
nature, including all copyrights, in and to the Works, and Executive constitutes
and appoints Company as its agent to execute and deliver any assignments or
documents Executive fails or refuses to execute and deliver, this power and
agency being coupled with an interest and being irrevocable.

         10. Inventions and Ideas. Executive shall disclose promptly to Company,
and only to Company, any invention or idea of Executive (developed alone or with
others) conceived or made during Executive's employment by Company or within six
months of the Termination Date. Executive assigns to Company any such invention
or idea in any way connected with Executive's employment or related to Company's
business, research or development, or demonstrably anticipated research or
development, and will cooperate with Company and sign all papers deemed
necessary by Company to enable it to obtain, maintain, protect and defend
patents covering such inventions and ideas and to confirm Company's exclusive
ownership of all rights in such inventions, ideas and patents, and irrevocably
appoints Company as its agent to execute and deliver any assignments or
documents Executive fails or refuses to execute and deliver promptly, this power
and agency being coupled with an interest and being irrevocable. This
constitutes the Company's written notification that this assignment does not
apply to an invention for which no equipment, supplies, facility or trade secret
information of the Company was used and which was developed entirely on
Executive's own time, unless (a) the invention relates (i) directly to the
business of the Company, or (ii) to the Company's actual or demonstrably
anticipated research or development, or (b) the invention results from any work
performed by Executive for the Company.

                                       7
<PAGE>   8

         11. Relief for Breach. Because any breach or threatened breach of
Sections 4 through 10 of this Agreement by Executive would result in continuing
material and irreparable harm to Company, and because it would be difficult or
impossible to establish the full monetary value of such damage, Company shall be
entitled to injunctive relief in the event of Executive's breach or threatened
breach of this Agreement. Injunctive relief is in addition to any other
available remedy, including termination of this Agreement and damages. In the
event of any threatened breach by Executive, Company may suspend any payment due
to Executive under Paragraph 3 and if Executive has breached this Agreement, any
remaining amounts to be paid under Paragraph 3 shall be forfeited. In the event
of any breach or threatened breach by either Executive or the Company which
results in court-ordered relief, the breaching party shall reimburse the
non-breaching party for its reasonable attorneys' fees and other expenses
incurred to obtain such relief.

         12. Definitions. For purposes of this Agreement, the following
definitions shall apply:

         (a) "Board" or "Board of Directors" - means the Board of Directors of
the Company.

         (b) "Business" - means Company's business of hosting, designing and
developing Web sites and supporting resellers of Web hosting services and hosts
of large Web sites through co-location and dedicated server programs.

         (c) "Cause" - means the termination of Executive by the Company for one
or more of the following reasons:

                           (1) If, in its good faith judgment, the Board
         determines that Executive has committed an act or acts which constitute
         a felony (other than traffic-related offenses);

                           (2) If, in its good faith judgment, the Board
         determines that the Executive has violated laws or Company policies
         which result in material injury to the Company;

                           (3) If the Executive commits an act or acts of
         dishonesty or fraud resulting or intended to result directly or
         indirectly in significant gain or personal

                                       8
<PAGE>   9

         enrichment to the Executive at the expense of the Company or to the
         significant detriment of the Company;

                           (4) Upon the willful and continued failure by the
         Executive substantially to perform his duties with the Company (other
         than any such failure resulting from incapacity due to mental or
         physical illness constituting a Disability, as defined herein); or

                           (5) If, in its good faith judgment, the Board
         determines that the Executive has violated or threatened to violate the
         provisions of Paragraphs 4 to 10 above or any other material breach of
         this Agreement.

Executive shall not be deemed to have been involuntarily terminated for Cause
unless and until there shall have been delivered to him a copy of a resolution
duly adopted by the Board, finding that, in the good faith opinion of the Board,
Executive engaged or threatened to engage in conduct set forth above and
specifying the particulars thereof in detail. For purposes of subsections (2),
(3), (4) and (5), the Board must also deliver to Executive a demand in writing
for performance or cure, which demand specifically identifies the manner in
which the Board believes that Executive's conduct falls within such subsection
and details the Board's requirements for Executive to "cure" such conduct, if
appropriate. Involuntary termination occurs when Executive fails to "cure"
within the time period given by the Board and in accordance with the terms
provided by the Board. For purposes of this Agreement, no act or failure to act
by Executive shall be deemed to be "willful" unless done or omitted to be done
by Executive not in good faith and without reasonable belief that Executive's
action or omission was in the best interests of the Company.

         (d) "Confidential Information" - means information, without regard to
form, relating to Company's customers, operation, finances, and business that
derives economic value, actual or potential, from not being generally known to
other Persons, including, but not limited to, technical or nontechnical data,
formulas, patterns, compilations (including compilations of customer
information), programs, models, concepts, designs (including without limitation,
designs for Company's remote development and consulting center) devices,
methods, techniques, processes, financial data or lists of actual or potential
customers (including identifying information about customers), whether or not in
writing. Confidential Information includes

                                       9
<PAGE>   10

information disclosed to Company by third parties that Company is obligated to
maintain as confidential. Confidential Information subject to this Agreement may
include information that is not a trade secret under applicable law, but
information not constituting a trade secret only shall be treated as
Confidential Information under this Agreement for a three year period after the
Termination Date.

         (e) "Customers" - means strategic partners or customers of Company's
Business (1) that Executive contacted directly, or supervised directly or
indirectly through others contacting on behalf of Company, during the one year
period preceding the Termination Date; or (2) about whom Executive possessed
Confidential Information during the one year period preceding the Termination
Date.

         (f) "Disability" - means the meaning ascribed to such term or its
variations, such as "Disabled", in the Company's long-term disability plan
covering the Executive, or in the absence of such plan, a meaning consistent
with Section 22(e)(3) of the Code.

         (g) "Good Reason" means that one or more of the following has occurred
and, after giving the Company written notice of the occurrence and of
Executive's intention to resign from employment and the Company not curing the
event within 30 days of such written notice:

                  (i)      a material diminution of position, duties,
                           responsibilities, authority or title or the
                           assignment of duties materially inconsistent with
                           Executive's position;

                  (ii)     a reduction in Executive's Base Salary (annualized
                           rate);

                  (iii)    relocation of Executive's work location outside the
                           Territory;

                  (iv)     a material breach of this Agreement by the Company;
                           or

                  (v)      the failure of a successor to the Company to assume
                           in writing this Agreement upon becoming a successor
                           or assignee of the Company.

         Notwithstanding the foregoing, Executive's written consent to the
occurrence of any matter of Good Reason is a waiver of Executive's rights under
this Agreement to terminate his employment for that Good Reason.

         (h) "Person" - means any individual, corporation, bank, partnership,
joint venture, association, joint stock company, trust, unincorporated
organization or other entity.

                                       10
<PAGE>   11

         (i) "Services" - means the services described on the Annex to this
Agreement which is made a part hereof.

         (j) "Termination Date" - means the last day Executive is employed by or
providing services for Company, whether the separation is voluntary or
involuntary, with or without Cause, or with or without advance notice.

         (k) "Territory" - means the area within a 50 mile radius of the city
limits of Atlanta, Georgia. Executive acknowledges that Executive will perform
services on behalf of Company in the Territory.

         13. Contract Non-Assignable. The parties acknowledge that this
Agreement has been entered into due to, among other things, the special skills
of Executive, and agree that this Agreement may not be assigned or transferred
by Executive, in whole or in part, without the prior written consent of the
Company.

         14.      Successors; Binding Agreement.

         (a) In addition to any obligations imposed by law upon any successor to
the Company, the Company will require any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of the Company to expressly assume and agree to
perform this Agreement, in the same manner and to the same extent that the
Company would be required to perform it if no such succession had taken place.
Failure of the Company to obtain such assumption and agreement prior to the
effectiveness of any such succession shall be a breach of this Agreement and
shall entitle the Executive to compensation from the Company in the same amount
and on the same terms as the Executive would be entitled to hereunder if the
Company terminated the Executive's employment without Cause, except that, for
purposes of implementing the foregoing, the date on which any such succession
becomes effective shall be deemed the Termination Date.

         (b) This Agreement shall inure to the benefit of and be enforceable by
Executive's personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If Executive shall die
while any amount would still be payable to Executive hereunder (other than
amounts which, by their terms, terminate upon the death of

                                       11
<PAGE>   12

Executive) if Executive had continued to live, all such amounts, unless
otherwise provided herein, shall be paid in accordance with the terms of this
Agreement to the executors, personal representatives or administrators of
Executive's estate.

         15. Other Agents. Nothing in this Agreement is to be interpreted as
limiting the Company from employing other personnel on such terms and conditions
as may be satisfactory to the Company.

         16. Notices. All notices, requests, demands and other communications
required or permitted hereunder shall be in writing and shall be deemed to have
been duly given if delivered or seven days after mailing if mailed, first class,
certified mail, postage prepaid:

To the Company:   Interland, Inc.
                  101 Marietta Street, 2nd Fl.
                  Atlanta, GA 30303
                  Attention: President

With a copy to:   Kilpatrick Stockton LLP
                  1100 Peachtree Street, Suite 2800
                  Atlanta, GA 30309-4530
                  Attention:  David A. Stockton, Esq.

To the Executive: H. Christopher Covington
                  Interland, Inc.
                  101 Marietta Street, 2nd Fl.
                  Atlanta, GA 30303

Any party may change the address to which notices, requests, demands and other
communications shall be delivered or mailed by giving notice thereof to the
other party in the same manner provided herein.

         17. Provisions Severable. Rights and restrictions in this Agreement may
be exercised and are applicable only to the extent they do not violate any
applicable laws, and are intended to be limited to the extent necessary so they
will not render this Agreement illegal, invalid, or unenforceable. If any term
shall be held illegal, invalid, or unenforceable by a court of

                                       12
<PAGE>   13

competent jurisdiction, the remaining terms shall remain in full force and
effect. This Agreement does not in any way limit Company's rights under the laws
of unfair competition, trade secret, copyright, patent, trademark or any other
applicable law(s), which are in addition to rights under this Agreement. The
existence of a claim by Executive, whether predicated on this Agreement or
otherwise, shall not constitute a defense to Company's enforcement of this
Agreement.

         18. Waiver. Failure of either party to insist, in one or more
instances, on performance by the other in strict accordance with the terms and
conditions of this Agreement shall not be deemed a waiver or relinquishment of
any right granted in this Agreement or the future performance of any such term
or condition or of any other term or condition of this Agreement, unless such
waiver is contained in a writing signed by the party making the waiver.

         19. Amendments and Modifications. This Agreement may be amended or
modified only by a writing signed by both parties hereto.

         20. Entire Agreement. This Agreement contains the entire agreement
between the parties hereto with respect to the subject matter hereof and
Executive's employment with the Company. This Agreement supersedes all prior
negotiations, discussions, agreements and undertakings, both written and oral,
among the parties hereto, with respect to Executive's terms and conditions of
employment with the Company. This Agreement may not be enlarged, modified or
altered except in a writing signed by the parties as provided in Section 20
hereof.

         21. Governing Law. The validity and effect of this Agreement shall be
governed by and construed and enforced in accordance with the laws of the State
of Georgia. Each party irrevocably (a) consents to the exclusive jurisdiction
and venue of the courts of Fulton County, State and federal courts in the
Northern District of Georgia, in any action arising under or relating to this
Agreement, and (b) waives any jurisdictional defenses (including personal
jurisdiction and venue) to any such action.

                                       13
<PAGE>   14

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

                                         EXECUTIVE:
                                          /s/ H. Christopher Covington
                                         ---------------------------------------
                                         H. Christopher Covington

                                         COMPANY:
                                         INTERLAND, INC.

                                         By:  /s/  Kenneth Gavranovic
                                            ------------------------------------
                                            Kenneth Gavranovic
                                            President & Chief Executive Officer

                         [ANNEX CONTINUES ON NEXT PAGE]

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<PAGE>   15

                                      ANNEX
                                       TO
                     NONCOMPETITION PROVISIONS OF SECTION 8
                             OF EMPLOYMENT AGREEMENT

Name of Employee: H. Christopher Covington

Title: Senior Vice President, General Counsel and Secretary

Description of Services:

Date of Agreement: February 14, 2000

                                       15

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