Document:

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                                                                    EXHIBIT 10.4

                          EXODUS COMMUNICATIONS, INC.

                    INTERNET DATA CENTER SERVICES AGREEMENT

THIS INTERNET DATA CENTER SERVICES AGREEMENT (this "Agreement") is made
effective as of the Submission Date March 23, 1998) indicated in the initial
Internet Data Center Services Order Form accepted by Exodus, by and between
Exodus Communications, Inc. ("Exodus") and the customer identified below
("Customer").

PARTIES:

CUSTOMER NAME: Emaginet, Inc.
              ---------------
ADDRESS: 6903 Rockledge Dr.
        ---------------------
         Suite 1200
        ---------------------
PHONE: 301-564-6700
      -----------------------
FAX: 301-564-6250
    -------------------------

EXODUS COMMUNICATIONS, INC.
2650 San Tomas Expressway
Santa Clara, CA 95051
Phone: (408) 346-2200
Fax: (408) 346-2206

1. INTERNET DATA CENTER SERVICES.

Subject to the terms and conditions of this Agreement, during the term of this
Agreement, Exodus will provide to Customer the services described in the
Internet Data Center Services Order Form(s) ("IDC Services Order Form(s)")
accepted by Exodus, or substantially similar services if such substantially
similar services would provide Customer with substantially similar benefits
("Internet Data Center Services"). All IDC Services Order Forms accepted by
Exodus are incorporated herein by this reference, each as of the Submission Date
indicated in such form.

2. FEES AND BILLING.

     2.1 Fees. Customer will pay all fees due according to the IDC Services
Order Form(s).

     2.2 Billing Commencement. Billing for Internet Data Center Services, other
than Setup Fees, indicated in the IDC Services Order Form shall commence on the
earlier to occur of (i) the "Installation Date" indicated in the initial IDC
Services Order Form, regardless of whether Customer has commenced use of the
Internet Data Center Services, unless Customer is unable to install the Customer
Equipment and/or use the Internet Data Center Services by the Installation Date
due to the fault of Exodus, then billing will not begin until the date Exodus
has remedied such fault and (ii) the date the "Customer Equipment" (Customer's
computer hardware and other tangible equipment as identified in the Customer
Equipment List which is incorporated herein by this reference) is placed by
Customer in the "Customer Area" (the portion(s) of the Internet Data Centers, as
defined in Section 3.1 below, made available to Customer hereunder for the
placement of Customer Equipment) and is operational. All Setup Fees will be
billed upon receipt of a Customer signed IDC Services Order Form. In the event
that Customer orders additional Internet Data Center Services, billing for such
services shall commence on the date Exodus first provides such additional
Internet Data Center Services to Customer or as otherwise agreed to by Customer
and Exodus.

     2.3 Billing and Payment Terms. Customer will be billed monthly in advance
of the provision of Internet Data Center Services, and payment of such fees will
be due within thirty (30) days of the date of each Exodus invoice. All payments
will be made in U.S. dollars. Late payments hereunder will accrue interest at a
rate of one and one-half percent (1 1/2%) per month, or the highest rate allowed
by applicable law, whichever is lower. If in its judgment Exodus determines that
Customer is not creditworthy or is otherwise not financially secure, Exodus may,
upon written notice to Customer, modify the payment terms to require full
payment before the provision of Internet Data Center Services or other
assurances to secure Customer's payment obligations hereunder.

     2.4 Taxes. All payments required by this Agreement are exclusive of all
national, state, municipal or other governmental excise, sales, value-added,
use, personal property, and occupational taxes, excises, withholding taxes and
obligations and other levies now in force or enacted in the future, all of which
Customer will be responsible for and will pay in full, except for taxes based on
Exodus' net income.

3. CUSTOMER'S OBLIGATIONS.

     3.1 Compliance with Law and Rules and Regulations. Customer agrees that
Customer will comply at all times with all applicable laws and regulations and
Exodus' general rules and regulations relating to its provision of Internet Data
Center Services, as updated by Exodus from time to time ("Rules and
Regulations"). Customer acknowledges that Exodus exercises no control whatsoever
over the content of the information passing through its sites containing the
Customer Area and equipment and facilities used by Exodus to provide Internet
Data Center Services ("Internet Data Centers"), and that it is the sole
responsibility of Customer to ensure that the information it transmits and
receives complies with all applicable laws and regulations.

     3.2 Customer's Costs. Customer agrees that it will be solely responsible,
and at Exodus's request will reimburse Exodus, for all costs and expenses (other
than those included as part of the Internet Data Center Services and except as
otherwise expressly provided herein) it incurs in connection with this
agreement.

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     3.3  Access and Security. Customer will be fully responsible for any
charges, costs, expenses (other than those included in the Internet Data Center
Services), and third party claims that may result from its use of, or access
to, the Internet Data Centers and/or the Customer Area including but not
limited to any unauthorized use of any access devices provided by Exodus
hereunder. Except with the advanced written consent of Exodus, Customer's
access to the Internet Data Centers will be limited solely to the individuals
identified and authorized by Customer to have access to the Internet Data
Centers and the Customer Area in accordance with this Agreement, as identified
in the Customer Registration Form, as amended from time to time, which is
hereby incorporated by this reference ("Representatives").

     3.4  No Competitive Services. Customer may not at any time permit any
Internet Data Center Services to be utilized for the provision of any services
that compete with any Exodus services, without Exodus' prior written consent.

     3.5  Insurance.

     (a)  Minimum Levels. Customer will keep in full force and effect during
the term of this Agreement: (i) comprehensive general liability insurance in an
amount not less than $5 million per occurrence for bodily injury and property
damage; (ii) employer's liability insurance in an amount not less than $1
million per occurrence; and (iii) workers' compensation insurance in an amount
not less than that required by applicable law. Customer also agrees that it
will, and will be solely responsible for ensuring that its agents (including
contractors and subcontractors) maintain, other insurance at levels no less
than those required by applicable law and customary in Customer's and its
agents' industries.

     (b)  Certificates of Insurance. Prior to installation of any Customer
Equipment in the Customer Area, Customer will furnish Exodus with certificates
of insurance which evidence the minimum levels of insurance set forth above.

     (c)  Naming Exodus as an Additional Insured. Customer agrees that prior to
the installation of any Customer Equipment, Customer will cause its insurance
provider(s) to name Exodus as an additional insured and notify Exodus in
writing of the effective date thereof.

4.   CONFIDENTIAL INFORMATION.

     4.1  Confidential Information. Each party acknowledges that it will have
access to certain confidential information of the other party concerning the
other party's business, plans, customers, technology, and products, including
the terms and conditions of this Agreement ("Confidential Information").
Confidential Information will include, but not be limited to, each party's
proprietary software and customer information. Each party agrees that it will
not use in any way, for its own account or the account of any third party,
except as expressly permitted by this Agreement, nor disclose to any third
party (except as required by law or to that party's attorneys, accountants and
other advisors as reasonably necessary), any of the other party's Confidential
Information and will take reasonable precautions to protect the confidentiality
of such information.

     4.2  Exceptions. Information will not be deemed Confidential Information
hereunder if such information: (i) is known to the receiving party prior to
receipt from the disclosing party directly or indirectly from a source other
than one having an obligation of confidentiality to the disclosing party; (ii)
becomes known (independently of disclosure by the disclosing party) to the
receiving party directly or indirectly from a source other than one having an
obligation of confidentiality to the disclosing party; (iii) becomes publicly
known or otherwise ceases to be secret or confidential, except through a breach
of this Agreement by the receiving party; or (iv) is independently developed by
the receiving party.

5.   REPRESENTATIONS AND WARRANTIES.

     5.1  Warranties by Customer.

     (a)  Customer Equipment. Customer represents and warrants that it owns or
has the legal right and authority, and will continue to own or maintain the
legal right and authority during the term of this Agreement, to place and use
the Customer Equipment as contemplated by this Agreement. Customer further
represents and warrants that its placement, arrangement, and use of the
Customer Equipment in the Internet Data Centers complies with the Customer
Equipment Manufacturer's environmental and other specifications.

     (b)  Customer's Business. Customer represents and warrants that Customer's
services, products, materials, data, information and Customer Equipment used by
Customer in connection with this Agreement as well as Customer's and its
permitted customers' and users' use of the Internet Data Center Services
(collectively, "Customer's Business") does not as of the Installation Date, and
will not during the term of this Agreement operate in any manner that would
violate any applicable law or regulation.

     (c)  Rules and Regulations. Customer has read the Rules and Regulations
and represents and warrants that Customer and Customer's Business are currently
in full compliance with the Rules and Regulations, and will remain so at all
times during the term of this Agreement.

     (d)  Breach of Warranties. In the event of any breach, or reasonably
anticipated breach, of any of the foregoing warranties, in addition to any
other remedies available at law or in equity, Exodus will have the right
immediately, in Exodus' sole discretion, to suspend any related Internet Data
Center Services if deemed reasonably necessary by Exodus to prevent any harm to
Exodus and its business.

     5.2  Warranties and Disclaimers by Exodus.

     (a)  Service Level Warranty. In the event Customer is unable to transmit
and receive information from Exodus' Internet Data Centers to other portions of
the Internet and

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Customer notifies Exodus immediately of such event and Exodus determines in its
reasonable judgment that such inability was caused by Exodus' failure to provide
Internet Data Center Services for reasons within Exodus' reasonable control and
not as a result of any actions or inactions of Customer or any third parties
(including failure of third party equipment), Exodus will, upon Customer's
request, credit Customer's account as follows: if Exodus failed to provide the
Internet Data Center Services for (i) more than two (2) consecutive hours in a
calendar month, Exodus will credit Customer's account the connectivity charges
for one (1) day of service; and (ii) more eight (8) consecutive hours in a
calendar month, Exodus will credit Customer's account the connectivity charges
for one (1) week of service. Customer may receive only one of the foregoing
credits in any single calendar month, regardless of the number of such
occurrences. Exodus' scheduled maintenance of the Internet Data Centers and
Internet Data Center Services, as described in the Rules and Regulations, shall
not be deemed to be a failure of Exodus to provide Internet Data Center
Services. THIS WARRANTY DOES NOT APPLY TO ANY INTERNET DATA CENTER SERVICES THAT
EXPRESSLY EXCLUDE THIS WARRANTY. THIS SECTION 5.2(a) STATES CUSTOMER'S SOLE AND
EXCLUSIVE REMEDY (OTHER THAN TERMINATION OF THIS AGREEMENT) FOR ANY FAILURE BY
EXODUS TO PROVIDE INTERNET DATA CENTER SERVICES.

     (b) No Other Warranty. EXCEPT FOR THE EXPRESS WARRANTY SET OUT IN
SUBSECTION (a) ABOVE, THE INTERNET DATA CENTER SERVICES ARE PROVIDED ON AN "AS
IS" BASIS, AND CUSTOMER'S USE OF THE INTERNET DATA CENTER SERVICES IS AT ITS OWN
RISK. EXODUS DOES NOT MAKE, AND HEREBY DISCLAIMS, ANY AND ALL OTHER EXPRESS
AND/OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT AND TITLE,
AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE.
EXODUS DOES NOT WARRANT THAT THE INTERNET DATA CENTER SERVICES WILL BE
UNINTERRUPTED, ERROR-FREE, OR COMPLETELY SECURE.

     (c) Disclaimer of Actions Caused by and/or Under the Control of Third
Parties. EXODUS DOES NOT AND CANNOT CONTROL THE FLOW OF DATA TO OR FROM EXODUS'
INTERNET DATA CENTERS AND OTHER PORTIONS OF THE INTERNET. SUCH FLOW DEPENDS IN
LARGE PART ON THE PERFORMANCE OF INTERNET SERVICES PROVIDED OR CONTROLLED BY
THIRD PARTIES. AT TIMES, ACTIONS OR INACTIONS CAUSED BY THESE THIRD PARTIES CAN
PRODUCE SITUATIONS IN WHICH EXODUS' CUSTOMERS' CONNECTIONS TO THE INTERNET (OR
PORTIONS THEREOF) MAY BE IMPAIRED OR DISRUPTED. ALTHOUGH EXODUS WILL USE
COMMERCIALLY REASONABLE EFFORTS TO TAKE ACTIONS IT DEEMS APPROPRIATE TO REMEDY
AND AVOID SUCH EVENTS, EXODUS CANNOT GUARANTEE THAT THEY WILL NOT OCCUR.
ACCORDINGLY, EXODUS DISCLAIMS ANY AND ALL LIABILITY RESULTING FROM OR RELATED TO
SUCH EVENTS.

6. LIMITATIONS OF LIABILITY

     6.1  Personal Injury. EACH REPRESENTATIVE AND OTHER PERSONS VISITING THE
DATA CENTERS DOES SO AT ITS OWN RISK AND EXODUS ASSUMES NO LIABILITY WHATSOEVER
FOR ANY HARM TO SUCH PERSONS RESULTING FROM ANY CAUSE OTHER THAN EXODUS' GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT RESULTING IN PERSONAL INJURY TO SUCH PERSONS
DURING SUCH A VISIT.

     6.2  Damage to Customer Equipment or Business. EXODUS ASSUMES NO LIABILITY
FOR ANY DAMAGE TO, OR LOSS RELATING TO, CUSTOMER'S BUSINESS RESULTING FROM ANY
CAUSE WHATSOEVER. CERTAIN CUSTOMER EQUIPMENT, INCLUDING BUT NOT LIMITED TO
CUSTOMER EQUIPMENT LOCATED ON CYBERRACKS, MAY BE DIRECTLY ACCESSIBLE BY OTHER
CUSTOMERS. EXODUS ASSUMES NO LIABILITY FOR ANY DAMAGE TO, OR LOSS OF, ANY
CUSTOMER EQUIPMENT RESULTING FORM ANY CAUSE OTHER THAN EXODUS' GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT. TO THE EXTENT EXODUS IS LIABLE FOR ANY DAMAGE TO, OR
LOSS OF, THE CUSTOMER EQUIPMENT FOR ANY REASON, SUCH LIABILITY WILL BE LIMITED
SOLELY TO THE THEN-CURRENT VALUE OF THE CUSTOMER EQUIPMENT.

     6.3  Exclusions. EXCEPT AS SPECIFIED IN SECTIONS 6.1 AND 6.2, IN NO EVENT
WILL EXODUS BE LIABLE TO CUSTOMER, ANY REPRESENTATIVE, OR ANY THIRD PARTY FOR
ANY CLAIMS ARISING OUT OF OR RELATED TO THIS AGREEMENT, CUSTOMER EQUIPMENT,
CUSTOMER'S BUSINESS OR OTHERWISE, AND ANY LOST REVENUE, LOST PROFITS,
REPLACEMENT GOODS, LOSS OF TECHNOLOGY, RIGHTS OR SERVICES, INCIDENTAL, PUNITIVE,
INDIRECT OR CONSEQUENTIAL DAMAGES, LOSS OF DATA, OR INTERRUPTION OR LOSS OF USE
OF SERVICE OR OF ANY CUSTOMER EQUIPMENT OR CUSTOMER'S BUSINESS, EVEN IF ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER UNDER THEORY OF CONTRACT, TORT
(INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE.

     6.4  Maximum Liability. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS
AGREEMENT, EXODUS'S MAXIMUM AGGREGATE LIABILITY TO CUSTOMER RELATED TO OR IN
CONNECTION WITH THIS AGREEMENT WILL BE LIMITED TO TOTAL AMOUNT PAID BY CUSTOMER
TO EXODUS HEREUNDER FOR THE PRIOR TWELVE (12) MONTH PERIOD.

     6.5  Customer's Insurance. Customer agrees that it will not pursue any
claims against Exodus for any liability Exodus may have under or relating to
this Agreement until Customer first makes claims against Customer's insurance
provider(s) and such insurance provider(s) finally resolve(s) such claims.

     6.6  Basis of the Bargain. Failure of Essential Purpose. Customer
acknowledges that Exodus has set its prices and entered into this Agreement in
reliance upon the limitations of liability and the disclaimers of warranties and
damages set forth herein, and that the same form is an essential basis of the
bargain between the parties. The parties agree that the limitations and
exclusions of liability and disclaimers specified in this Agreement will survive
and apply even if found to have failed of their essential purpose.

7. INDEMNIFICATION.

     7.1  Exodus' Indemnification of Customer. Exodus will indemnify, defend
and hold Customer harmless from and against any and all costs, liabilities,
losses, and expenses (including, but not limited to, reasonable attorneys'
fees)(collectively, "Losses") resulting from any claim, suit, action, or
proceeding (each, an "Action") brought against Customer alleging (i) the
infringement of any third party registered U.S. copyright or issued U.S. patent
resulting from the provision of Internet Data Center Services pursuant to this

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Agreement (but excluding  , infringement contributorily caused by Customer's
Business or Customer Equipment) and (ii) personal injury to Customer's
Representatives from Exodus's gross negligence or willful misconduct.

     7.2  Customer's Indemnification of Exodus. Customer will indemnify, defend
and hold Exodus, its affiliates and customers harmless from and against any and
all Losses resulting from or arising out of any Action brought by or against
Exodus, its affiliates or customers alleging: (a) with respect to the Customer's
Business: (i) infringement or misappropriation of any intellectual property
rights; (ii) defamation, libel, slander, obscenity, pornography, or violation of
the rights of privacy or publicity; or (iii) spamming, or any other offensive,
harassing or illegal conduct or violation of the Rules and Regulations; (b) any
damage or destruction to the Customer Area, the Internet Data Centers or the
equipment of Exodus or any other customer by Customer or Representative(s) or
Customer's designees; or (c) any other damage arising from the Customer
Equipment or Customer's Business.

     7.3  Notice. Each party will provide the other party prompt written notice
upon of the existence of any such event of which it becomes aware, and an
opportunity to participate in the defense thereof,

8.   TERM AND TERMINATION

     8.1  Term. This Agreement will be effective for a period of one (1) year
from the Installation Date, unless earlier terminated according to the
provisions of this Section 8. The Agreement will automatically renew for
additional terms of one (1) year each.

     8.2  TERMINATION.

     (a)  For Convenience.

     (i)  By Customer During First Thirty Days. Customer may terminate this
Agreement for convenience by providing written notice to Exodus at any time
during the thirty (30) day period beginning on the Installation Date.

     (ii) By Either Party. Either party may terminate this Agreement for
convenience at any time effective after the first (1st) anniversary of the
Installation Date by providing ninety (90) days' prior written notice to the
other party at any time thereafter.

     (b)  For Cause. Either party will have the right to terminate this
Agreement if: (i) the other party breaches any material term or condition of
this Agreement and fails to cure such breach within thirty (30) days after
receipt of written notice of the same, except in the case of failure to pay
fees, which must be cured within five (5) days after receipt of written notice
from Exodus; (ii) the other party becomes the subject of a voluntary petition in
bankruptcy or any voluntary proceeding relating to insolvency, receivership,
liquidation, or composition for the benefit of creditors; or (iii) the other
party becomes the subject of an involuntary petition in bankruptcy or any
involuntary proceeding relating to insolvency, receivership, liquidation, or
composition for the benefit of creditors, if such petition or proceeding is not
dismissed within sixty (60) days of filing.

     8.3  No Liability for Termination. Neither party will be liable to the
other for any termination or expiration of this Agreement in accordance with
its terms.

     8.4  Effect of Termination. Upon the effective date of expiration or
termination of this Agreement: (a) Exodus will immediately cease providing the
Internet Data Center Services; (b) any and all payment obligations of Customer
under this Agreement will become due immediately; (c) within thirty (30) days
after such expiration or termination, each party will return all Confidential
Information of the other party in its possession at the time of expiration or
termination and will not make or retain any copies of such Confidential
Information except as required to comply with any applicable legal or accounting
record keeping requirement; and (d) Customer will remove from the Internet Data
Centers all Customer Equipment and any of its other property within the Internet
Data Centers within five (5) days of such expiration or termination and return
the Customer Area to Exodus in the same condition as it was on the Installation
Date, normal wear and tear excepted. If Customer does not remove such property
within such five-day period, Exodus will have the option to (i) move any and all
such property to secure storage and charge Customer for the cost of such removal
and storage, and/or (ii) liquidate the property in any reasonable manner.

     8.5  Customer Equipment as Security. In the event that Customer fails to
pay Exodus all amounts owed Exodus under this Agreement when due, Customer
agrees that upon written notice, Exodus may take possession of any Customer
Equipment and store it, at Customer's expense, until taken in full or partial
satisfaction of any lien or judgment, all without being liable to prosecution or
for damages.

     8.6  Survival. The following provisions will survive any expiration or
termination of the Agreement: Sections 2, 3, 4, 5, 6, 7, 8 and 9.

9.   MISCELLANEOUS PROVISIONS.

     9.1  Force Majeure. Except for the obligation to pay money, neither party
will be liable for any failure or delay in its performance under this Agreement
due to any cause beyond its reasonable control, including act of war, acts of
God, earthquake, flood, embargo, riot, sabotage, labor shortage or dispute,
governmental act or failure of the Internet, provided that the delayed party:
(a) gives the other party prompt notice of such cause, and (b) uses its
reasonable commercial efforts to correct promptly such failure or delay in
performance.

     9.2  No Lease. This Agreement is a services agreement and is not intended
to and will not constitute a lease of any real or personal property. Customer
acknowledges and agrees that (i) it has been granted only a license to occupy
the Customer Space and use the Internet Data Centers and any equipment provided
by Exodus in accordance with this Agreement, (ii) Customer has not been granted
any real property interest in the Customer Space or Internet Data Centers, and
(iii) Customer has no rights as a tenant or otherwise under any real property or
landlord/tenant laws, regulations, or ordinances. For good cause, including the
exercise of any rights under Section 8.5 above, Exodus may suspend the right of
any Representative or other person to visit the Internet Data Centers.

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     9.3 Marketing. Customer agrees that Exodus may refer to Customer by trade
name and trademark, and may briefly describe Customer's Business, in Exodus'
marketing materials and web site. Customer hereby grants Exodus a license to
use any Customer trade names and trademarks solely in connection with the
rights granted to Exodus pursuant to this Section 9.3.

     9.4 Government Regulations. Customer will not export, re-export, transfer,
or make available, whether directly or indirectly, any regulated item or
information to anyone outside the U.S. in connection with this Agreement
without first complying with all export control laws and regulations which may
be imposed by the U.S. Government and any country or organization of nations
within whose jurisdiction Customer operates or does business.

     9.5 Non-Solicitation. During the period beginning on the Installation Date
and ending on the first anniversary of the termination or expiration of this
Agreement in accordance with its terms, Customer agrees that it will not, and
will ensure that its affiliates do not, directly or indirectly, solicit or
attempt to solicit for employment any persons employed by Exodus during such
period.

9.6 Governing Law, Dispute Resolution, Severability; Waiver. This Agreement is
made under and will be governed by and construed in accordance with the laws of
the State of California (except that body of law controlling conflicts of law)
and specifically excluding from application to this Agreement that law known as
the United Nations Convention on the International Sale of Goods. Any dispute
relating to the terms, interpretation or performance of this Agreement (other
than claims for preliminary injunctive relief or other pre-judgment remedies)
will be resolved at the request of either party through binding arbitration.
Arbitration will be conducted in Santa Clara County, California, under the
rules and procedures of the Judicial Arbitration and Mediation Society
("JAMS"). The parties will request that JAMS appoint a single arbitrator
possessing knowledge of online services agreements; however the arbitration
will proceed even if such a person is unavailable. In the event any provision
of this Agreement is held by a tribunal of competent jurisdiction to be
contrary to the law, the remaining provisions of this Agreement will remain in
full force and effect. The waiver of any breach or default of this Agreement
will not constitute a waiver of any subsequent breach or default, and will not
act to amend or negate the rights of the waiving party.

     9.7 Assignment; Notices. Neither party may assign its rights or delegate
its duties under this Agreement either in whole or in part without the prior
written consent of the other party, except that this Agreement may be assigned
in whole as part of a corporate reorganization, consolidation, merger, or sale
of substantially all of its assets. Any attempted assignment or delegation
without such consent will be void. This Agreement will bind and inure to the
benefit of each party's successors and permitted assigns. Any notice or
communication required or permitted to be given hereunder may be delivered by
hand, deposited with an overnight courier, sent by confirmed facsimile, or
mailed by registered or certified mail, return receipt requested, postage
prepaid, in each case to the address of the receiving party indicated on the
signature page hereof, or at such other address as may hereafter be furnished
in writing by either party hereto to the other. Such notice will be deemed to
have been given as of the date it is delivered, mailed or sent, whichever is
earlier.

     9.8 Relationship of Parties. Exodus and Customer are independent
contractors and this Agreement will not establish any relationship of
partnership, joint venture, employment, franchise or agency between Exodus and
Customer. Neither Exodus nor Customer will have the power to bind the other or
incur obligations on the other's behalf without the other's prior written
consent, except as otherwise expressly provided herein.

     9.9 Entire Agreement; Counterparts. This Agreement, including all
documents incorporated herein by reference, constitutes the complete and
exclusive agreement between the parties with respect to the subject matter
hereof, and supersedes and replaces any and all prior or contemporaneous
discussions, negotiations, understandings and agreements, written and oral,
regarding such subject matter. This Agreement may be executed in two or more
counterparts, each of which will be deemed an original, but all of which
together shall constitute one and the same instrument.

Customer's and Exodus' authorized representatives have read the foregoing and
all documents incorporated therein and agree and accept such terms effective as
of the date first above written.

CUSTOMER                                EXODUS COMMUNICATIONS, INC.

                         [APPROVED EXODUS LEGAL STAMP]

Signature: /s/ Kamran Amjadi            Signature: /s/ Adam Wegner
           ---------------------------             --------------------------
Print Name: Kamran Amjadi               Print Name: ADAM WEGNER
           ---------------------------             --------------------------
Title:      CEO                         Title:      GC
           ---------------------------             --------------------------<PAGE>   1
                                                                    Exhibit 10.5

                              EMPLOYMENT AGREEMENT

     This Agreement is made by and between Emaginet, Inc. (the "Company"), a
Delaware corporation whose address is 6903 Rockledge Drive, Suite 1200,
Bethesda, Maryland 20814 and Mr. Kamran Amjadi ("Amjadi"), a Maryland resident
whose home address is 7605 Arnet Lane, Bethesda, Maryland 20817.

1.   TERM AND DUTIES

     (a) The Company hereby retains Mr. Kamran Amjadi, and Kamran Amjadi accepts
     this engagement, as Chief Executive Officer ("CEO") and President of
     Emaginet, Inc., for a term commencing May 8, 1998, and terminating on
     August 31, 2002.

     (b) As President and CEO of the Company Mr. Amjadi shall be in full charge
     of the entire operation and management of the Company, including its day to
     day operations, including but not limited to strategic planning and
     execution, funding and budgeting of all Company operations, product
     development, marketing, sales, business development and all personnel
     issues.

2.   D & O INSURANCE. The Company agrees to provide Directors and Officers
liability insurance to Mr. Amjadi effective from the first day of employment of
Mr. Amjadi.

3.   COMPENSATION

     (a) Base Salary. In consideration for the services to be provided by Mr.
     Amjadi, the Company shall pay Mr. Amjadi a minimum of $170,000.00 per
     annum, paid in bi-monthly payments. This salary will be reviewed and
     adjusted by the Board of Directors prior to May 1st of each year of the
     contract to provide for merit increases based upon standards set by the
     Board of Directors.

     (b) Performance Bonuses. Mr. Amjadi shall be eligible for an annual bonus
     of $50,000 based on performance criteria established by the Board of
     Directors.

     (c) Stock. During the term of this Agreement, Mr. Amjadi shall earn and be
     granted on the 15th day of each May an annual stock option to purchase up
     to 100,000 common shares of Emaginet, Inc., provided that Mr. Amjadi meets
     for each annual grant certain performance criteria as set by the Board of
     Directors. The price per share shall be set by the Board of Directors, but
     in no event greater than the market price of the stock at the time of the
     award. The terms and conditions of the Option Agreement shall follow the
     terms and conditions of the 1996 Stock Option Plan, except that they shall
     be vested immediately upon meeting the performance criteria.

     (d) Health Benefits. The Company agrees to pay health and dental insurance
     premiums for Mr. Amjadi at the family level, for coverage under its health
     plan.
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     (e)  Vacation. The Company agrees to provide Mr. Amjadi with 20 days of
     personal time off per annum, in addition to the Company's standard
     holidays. Vacations are accruable without limit.

     (f)  Other Benefits. Mr. Amjadi is entitled to receive all other benefits
     provided to regular, full-time employees of the Company.

4.   TERMINATION AND SEVERANCE

     (a)  Termination Without Cause. The Company shall have the right to
     terminate Mr. Amjadi for any reason or no reason, but in either case, shall
     be obligated to pay the full balance of the salaries defined in Paragraph
     3(a) through the remaining term of this Agreement.

     (b)  Termination Events. The occurrence of any of the following events
     during the term of the Agreement shall also constitute Termination Without
     Cause and subject to the payment provision defined in Paragraph 4(a): (i)
     Mr. Amjadi's base salary is reduced for any reason without his consent;
     (ii) the Company is taken over, sold, or involved in a merger or
     acquisition of any kind, and the same salary is not offered to him for the
     remaining term of this agreement.

     (c)  Termination With Cause. Termination for cause shall mean only
     termination for gross or serious financial or felony misconduct by Mr.
     Amjadi in connection with his employment. Non-performance on the Company's
     business objectives shall not be deemed grounds for termination with cause.
     If terminated with cause, the payment provision defined in Paragraph 4(a)
     shall not be in effect.

5.   PROPRIETARY INFORMATION AND NON-COMPETE AGREEMENT

     (a)  Mr. Amjadi acknowledges that during the term of the Agreement he will
     have access to and become familiar with various trade secrets, confidential
     and proprietary information of the Company, that such information is the
     property of the Company and that it shall not be used or disclosed during
     the term of his employment or for one year thereafter.

     (b)  Mr. Amjadi also agrees that for period of one year subsequent to his
     termination of employment he will not compete directly with or be employed
     in any way, by individuals, companies, entities or interests that compete
     directly with the Company on any of the products that the Company has
     developed or is in the process of developing at the time of his
     termination. Subsequent to this one year non-compete period, Mr. Amjadi
     shall continue to protect as confidential and not use any intellectual
     property belonging to the Company, but may use other information he
     acquired as an executive of the Company.

6.   ASSIGNMENT. The parties acknowledge that a successor to the Company under
a sale, merger or acquisition shall be bound by all of the terms and conditions
of this Agreement.

<PAGE>   3
7.   SEVERABILITY. If any provision of this Agreement is adjudged by any court
to be void or unenforceable in whole or in part, this adjudication shall not
effect the validity of the remainder of the Agreement. Each provision,
paragraph and subpart of this Agreement is separable from every other
provision, paragraph and subpart and constitutes a separate and distinct
covenant.

8.   APPLICABLE LAW. This Agreement shall be construed in accordance with the
laws of the State of Maryland.

9.   COMPLETE AGREEMENT. This Agreement embodies all the terms and conditions
as agreed to between the parties. Mr. Amjadi acknowledges that he has not
relied on any warranties or representations or promises except as set forth in
this document. This Agreement may be changed, amended or superseded only by an
agreement in writing signed by the parties.

10.  ARBITRATION

     (a)  Mandatory Arbitration. The parties agree that any dispute under this
     Agreement, including termination, shall be subject to mandatory arbitration
     pursuant to the rules of the American Arbitration Association. The parties
     acknowledge that arbitration is the sole remedy available to them regarding
     their claims under this Agreement. Provided, however, that if the Company
     fails to comply with its obligations in paragraph 4(a) or (b) Mr. Amjadi
     shall have the right to seek injunctive relief to enforce the Agreement.
     Mr. Amjadi and the Company otherwise agree to waive all fights to litigate
     disputes under this Agreement in federal or state court. This provision to
     arbitrate any dispute in connection with the terms and conditions of this
     Agreement shall survive termination of this Agreement.

     (b)  Arbitration Procedures. Unless the parties to the arbitration agree
     otherwise, the arbitration shall take place in Montgomery County, Maryland.
     The arbitration award shall be final and binding upon the parties and may
     be entered in any court having jurisdiction. The parties will use a single
     arbitrator and shall divide the costs of the arbitration equally. Each
     party shall bear its own attorney's fees and costs for the arbitration.

Mr. Kamran Amjadi                  EMAGINET, INC.

/s/ Kamran Amjadi                  By:   /s/ Mehrdad Akhavan
-----------------------------          ------------------------------

                                   Title: Executive Vice President
                                          ---------------------------
WITNESS:

    ILLEGIBLE SIGNATURE
-----------------------------      ----------------------------------

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