I've been able to compile with that version, but I had to correct some errors it puts out -
Get a fresh source and start over, then, in the EqEmuServer root (source root), do a search for .depend what you find, delete them all. Now, from the same source root directory, run make clean, this should make your new .depend files (it should take a while, you only need do this once with a fresh source).
Now, run make, if you get an error and it crashes, I just want to see maybe 10 lines before the crash and the error that crashed.