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                            Translation from German

                              EMPLOYMENT CONTRACT

          CYBERNET Internet-Dienstleistungen Aktiengesellschaft, Berlin
          (hereinafter referred to as "CYBERNET AG") represented by the chairman
          of the supervisory board, Holger Timm

and

          Andreas Eder, business graduate
          resident in Frohlichstr. 6, 81479 Munich

are hereby concluding the following employment contract due to the resolution
of the supervisory board of 23.2.1998 and to replace the employment contract of
15.02.1996:

                                   Section 1
                                     Tasks

1.   With the resolution of the supervisory board of 23.2.1998, Andreas Eder was
     appointed as managing director of CYBERNET AG again for a period of three
     years. The appointment took effect on 16.02.1998. Andreas Eder represents
     CYBERNET AG together with another member of the managing board or a holder
     of a Prokura.

2.   He shall manage the business pursuant to the laws, to the shareholders'
     agreement of CYBERNET AG, to the rules of procedure for the managing board
     and to the resolutions of the general meeting of shareholders and of the
     supervisory board. Moreover, he requires prior consent of the supervisory
     board for the following management measures:   
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     a)   acquisition, establishment or sale of other enterprises and of
          participations in other enterprises;

     b)   acquisition, sale and encumbrance of real property and equivalent
          rights or rights of real property; 

     c)   agreements of CYBERNET AG with shareholders or related persons;

     d)   conclusion, modification and cancellation of agreements between
          business enterprises.

3.   Andreas Eder shall dedicate his know-how and his workforce to CYBERNET AG
     only. Taking over other activities within the professional field--no matter
     if they are taken over against payment or in a honorary capacity--requires
     prior consent of the supervisory board.

                                   Section 2
                              Term of the Contract

1.   This contract is concluded for a period of three years, and took effect on
     16.02.1998. It will be extended for two years if no written declaration of
     the supervisory board has been presented by the end of the second year of
     the term of the contract at the latest, which declaration states that this
     contract will not be extended after the end of the third year.   

2.   Andreas Eder is entitled to terminate the contract subject to a period of
     notice of six months any time.

3.   If Andreas Eder should become permanently disabled during the term of this
     contract, the contract shall expire at the end of the month in which the
     permanent disability was stated. As defined by this contract, permanent
     disability involves that Andreas Eder will not be able to perform his
     duties for health reasons for more than six months and that it cannot be
     expected that he will be fit for duty within another six months. In the
     case of doubt, the permanent disability will be stated by the expert 
     opinion of a physician chosen by the supervisory board of CYBERNET AG.

 
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                                   Section 3
                                  Remuneration

1.   As remuneration for his activity, Andreas Eder will get a basic annual
     salary of DM 180,000.-. This basic salary will be paid in twelve equal
     installments, withholding the statutory deductions, at the end of the
     calendar month respectively, the last time for the full month in which this
     contract expires. For an increase of earnings, a resolution of the
     supervisory board of CYBERNET AG is required.

2.   If certain annual targets are attained, Andreas Eder gets a bonus. The
     amount of bonus and the annual targets are jointly determined by the
     managing board and the supervisory board at the beginning of every
     financial year. The targets for 1998 and the corresponding bonus have been
     incorporated into this Employment Contract as Enclosure 1. The bonus is
     paid, withholding the statutory deductions, within the first quarter
     respectively for the past financial year.

     Moreover, CYBERNET AG will pay half of the contributions for health
     insurance of Andreas Eder.

3.   In the case of sickness or other not culpable prevention from duty,
     payment of the salary pursuant to number 1. above will be continued for
     six months. Benefits of the statutory or private health insurance scheme
     will be credited for.

4.   In the case of death of Andreas Eder, payment of the salary pursuant to
     number 1. above will be continued to the spouse and to the children who
     are still doing a professional training together for six months.

5.   Andreas Eder will receive compensation for the expenditure required in the
     interest of CYBERNET AG, which compensation shall be adequate
     corresponding to the regulations for the managing board of CYBERNET AG.

   
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6.   A company car will be placed at Andreas Eder's disposal--for private use,
     too--pursuant to the company car regulation of CYBERNET AG enclosed in
     Enclosure 2.

                                   Section 4
                                    Holiday

Andreas Eder is entitled to an annual holiday of 30 working days, which he is
supposed to take in fractions and in coordination with the other members of the
managing board.

                                   Section 5
                                    Secrecy

Andreas Eder is engaged to observe strict secrecy towards unauthorized third
parties regarding all internal and business matters of CYBERNET AG, even after
his employment contract expired. Andreas Eder is in particular prohibited from
using or having used or disclosing for his own profit matters of CYBERNET AG
such as business secrets or other knowledge.

                                   Section 6
                        Copyrights, Returns of Documents

1.   All documents, documentations and other work results Andreas Eder prepares
     himself or acquires for CYBERNET AG in the performance of his duties are
     the sole property of CYBERNET AG. All industrial property rights thereof
     are due to CYBERNET AG to the largest possible extent. The provisions of
     the employee invention law shall apply accordingly.

2.   Upon termination of the Employment Contract, Andreas Eder immediately has
     to return all documents and other work results including all photocopies
     and copies and other data media concerning CYBERNET AG which are in his
     possession. On no legal grounds does Andreas Eder have a right of retention
     of said objects and documents towards CYBERNET AG.

 
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                                   Section 7
                                Final Provisions

1.   If individual provisions of this contract should be ineffective, the
     effectiveness of the other provisions shall not be affected thereby. The
     parties are engaged to replace the ineffective provision with an effective
     provision which attains the economic success intended with the ineffective
     provision as far as possible.

2.   Modifications or supplements of this contract must be writing in order to
     be effective. This shall apply to the modification of the foregoing
     requirement of writing.

Munich, 23.2.1998


sgd.: Holger Timm
CYBERNET Internet-Dienstleistungen Aktiengesellschaft, Berlin
represented by the chairman of the supervisory board, Holger Timm


sgd.: A. Eder
Andreas Eder




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In my capacity as a public translator for the English language, duly
commissioned and sworn by the President of the Regional Court I of Munich, I 
hereby certify that the foregoing is a true and complete English translation of
the German document submitted to me.
Munich, Federal Republic of Germany
21 August 1998

/s/ Elisabeth Groner