Document:

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                                                                   EXHIBIT 10.03
                                 DOVEBID, Inc.

                       2000 EMPLOYEE STOCK PURCHASE PLAN

                            As Adopted March 3, 2000

     1.  Establishment of Plan.  DoveBid, Inc. (the "Company") proposes to
grant options for purchase of the Company's Common Stock to eligible employees
of the Company and its Participating Subsidiaries (as hereinafter defined)
pursuant to this Employee Stock Purchase Plan (this "Plan").  For purposes of
this Plan, "Parent Corporation" and "Subsidiary" shall have the same meanings as
"parent corporation" and "subsidiary corporation" in Sections 424(e) and 424(f),
respectively, of the Internal Revenue Code of 1986, as amended (the "Code").
"Participating Subsidiaries" are Parent Corporations or Subsidiaries that the
Board of Directors of the Company (the "Board") designates from time to time as
corporations that shall participate in this Plan.  The Company intends this Plan
to qualify as an "employee stock purchase plan" under Section 423 of the Code
(including any amendments to or replacements of such Section), and this Plan
shall be so construed.  Any term not expressly defined in this Plan but defined
for purposes of Section 423 of the Code shall have the same definition herein.
A total of 1,000,000 shares of the Company's  Common Stock is reserved for
issuance under this Plan.  In addition, on each January 1, the aggregate number
of shares of the Company's Common Stock reserved for issuance under the Plan
shall be increased automatically by a number of shares equal to 1% of the total
number of outstanding shares of the Company Common Stock on the immediately
preceding December 31; provided, that the Board or the Committee may in its sole
                       ---------
discretion reduce the amount of the increase in any particular year; and,

provided further, that the aggregate number of shares issued over the term of
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this Plan shall not exceed 10,000,000 shares.  Such number shall be subject to
adjustments effected in accordance with Section 14 of this Plan.

     2.  Purpose.  The purpose of this Plan is to provide eligible employees of
the Company and Participating Subsidiaries with a convenient means of acquiring
an equity interest in the Company through payroll deductions, to enhance such
employees' sense of participation in the affairs of the Company and
Participating Subsidiaries, and to provide an incentive for continued
employment.

     3.  Administration.  This Plan shall be administered by the Compensation
Committee of the Board (the "Committee").  Subject to the provisions of this
Plan and the limitations of Section 423 of the Code or any successor provision
in the Code, all questions of interpretation or application of this Plan shall
be determined by the Committee and its decisions shall be final and binding upon
all participants.  Members of the Committee shall receive no compensation for
their services in connection with the administration of this Plan, other than
standard fees as established from time to time by the Board for services
rendered by Board members serving on Board committees.  All expenses incurred in
connection with the administration of this Plan shall be paid by the Company.

     4.  Eligibility.  Any employee of the Company or the Participating
Subsidiaries is eligible to participate in an Offering Period (as hereinafter
defined) under this Plan except the following:

         (a) employees who are not employed by the Company or a Participating
Subsidiary prior to the beginning of such Offering Period or prior to such other
time period as specified by the Committee, except that employees who are
employed on the Effective Date of the Registration Statement filed by the
Company with the Securities and Exchange Commission ("SEC") under the Securities
Act of 1933, as amended (the "Securities Act") registering the initial public
offering of the Company's Common Stock shall be eligible to participate in the
first Offering Period under the Plan;

         (b)  employees who are customarily employed for twenty (20) hours or
less per week;

         (c)  employees who are customarily employed for five (5) months or
less in a calendar year;

         (d)  employees who, together with any other person whose stock would
be attributed to such employee pursuant to Section 424(d) of the Code, own stock
or hold options to purchase stock possessing five
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percent (5%) or more of the total combined voting power or value of all classes
of stock of the Company or any of its Participating Subsidiaries or who, as a
result of being granted an option under this Plan with respect to such Offering
Period, would own stock or hold options to purchase stock possessing five
percent (5%) or more of the total combined voting power or value of all classes
of stock of the Company or any of its Participating Subsidiaries; and

         (e)  individuals who provide services to the Company or any of its
Participating Subsidiaries as independent contractors who are reclassified as
common law employees for any reason except for federal income and employment tax
                                    ------ ---
purposes.

     5.  Offering Dates.  The offering periods of this Plan (each, an "Offering
Period") shall be of twenty-four (24) months duration commencing on April 1 and
October 1 of each year and ending on March 31 and September 30 of each year;
provided, however, that notwithstanding the foregoing, the first such Offering
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Period shall commence on the first business day on which price quotations for
the Company's Common Stock are available on the Nasdaq National Market (the
"First Offering Date") and shall end on March 31, 2002.  Except for the first
Offering Period, each Offering Period shall consist of four (4) six month
purchase periods (individually, a "Purchase Period") during which payroll
deductions of the participants are accumulated under this Plan.  The first
Offering Period shall consist of no more than five and no fewer than three
Purchase Periods, any of which may be greater or less than six months as
determined by the Committee.  The first business day of each Offering Period is
referred to as the "Offering Date".  The last business day of each Purchase
Period is referred to as the "Purchase Date".  The Committee shall have the
power to change the Offering Dates, the Purchase Dates and the duration of
Offering Periods or Purchase Periods without stockholder approval if such change
is announced prior to the relevant Offering Period, or prior to such other time
period as specified by the Committee.

     6.  Participation in this Plan.  Eligible employees may become
participants in an Offering Period under this Plan on the first Offering Date
after satisfying the eligibility requirements by delivering a subscription
agreement to the Company prior to such Offering Date, or such other time period
as specified by the Committee.  Notwithstanding the foregoing, the Committee may
set a later time for filing the subscription agreement authorizing payroll
deductions for all eligible employees with respect to a given Offering Period.
An eligible employee who does not deliver a subscription agreement to the
Company by such date after becoming eligible to participate in such Offering
Period shall not participate in that Offering Period or any subsequent Offering
Period unless such employee enrolls in this Plan by filing a subscription
agreement with the Company prior to such Offering Date, or such other time
period as specified by the Committee.  Once an employee becomes a participant in
an Offering Period, such employee will automatically participate in the Offering
Period commencing immediately following the last day of the prior Offering
Period unless the employee withdraws or is deemed to withdraw from this Plan or
terminates further participation in the Offering Period as set forth in Section
11 below.  Such participant is not required to file any additional subscription
agreement in order to continue participation in this Plan.

     7.  Grant of Option on Enrollment.  Enrollment by an eligible employee in
this Plan with respect to an Offering Period will constitute the grant (as of
the Offering Date) by the Company to such employee of an option to purchase on
the Purchase Date up to that number of shares of Common Stock of the Company
determined by dividing (a) the amount accumulated in such employee's payroll
deduction account during such Purchase Period by (b) the lower of (i) eighty-
five percent (85%) of the fair market value of a share of the Company's Common
Stock on the Offering Date (but in no event less than the par value of a share
of the Company's  Common Stock), or (ii) eighty-five percent (85%) of the fair
market value of a share of the Company's  Common Stock on the Purchase Date (but
in no event less than the par value of a share of the Company's  Common Stock),

provided, however, that the number of shares of the Company's  Common Stock
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subject to any option granted pursuant to this Plan shall not exceed the lesser
of (x) the maximum number of shares set by the Committee pursuant to Section
10(c) below with respect to the applicable Purchase Date, or (y) the maximum
number of shares which may be purchased pursuant to Section 10(b) below with
respect to the applicable Purchase Date.  The fair market value of a share of
the Company's  Common Stock shall be determined as provided in Section 8 below.

     8.  Purchase Price.  The purchase price per share at which a share of
Common Stock will be sold in any Offering Period shall be eighty-five percent
(85%) of the lesser of:

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         (a)  The fair market value on the Offering Date; or

         (b)  The fair market value on the Purchase Date.

          For purposes of this Plan, the term "Fair Market Value" means, as of
any date, the value of a share of the Company's Common Stock determined as
follows:

         (a)  if such Common Stock is then quoted on the Nasdaq National
Market, its closing price on the Nasdaq National Market on the date of
determination as reported in The Wall Street Journal;
                             -----------------------

         (b)  if such Common Stock is publicly traded and is then listed on a
national securities exchange, its closing price on the date of determination on
the principal national securities exchange on which the  Common Stock is listed
or admitted to trading as reported in The Wall Street Journal;
                                      -----------------------

         (c)  if such Common Stock is publicly traded but is not quoted on the
Nasdaq National Market nor listed or admitted to trading on a national
securities exchange, the average of the closing bid and asked prices on the date
of determination as reported in The Wall Street Journal; or
                                -----------------------

         (d)  if none of the foregoing is applicable, by the Board in good
faith, which in the case of the First Offering Date will be the price per share
at which shares of the Company's  Common Stock are initially offered for sale to
the public by the Company's underwriters in the initial public offering of the
Company's  Common Stock pursuant to a registration statement filed with the SEC
under the Securities Act.

      9.  Payment Of Purchase Price; Changes In Payroll Deductions; Issuance Of
Shares.

         (a)  The purchase price of the shares is accumulated by regular
payroll deductions made during each Offering Period.  The deductions are made as
a percentage of the participant's compensation in one percent (1%) increments
not less than one percent (1%), nor greater than ten percent (10%) or such lower
limit set by the Committee.  Compensation shall mean all W-2 cash compensation,
including, but not limited to, base salary, wages, commissions, overtime, shift
premiums and bonuses, plus draws against commissions, provided, however, that
                                                      --------  -------
for purposes of determining a participant's compensation, any election by such
participant to reduce his or her regular cash remuneration under Sections 125 or
401(k) of the Code shall be treated as if the participant did not make such
election.  Payroll deductions shall commence on the first payday of the Offering
Period and shall continue to the end of the Offering Period unless sooner
altered or terminated as provided in this Plan.

         (b)  A participant may increase or decrease the rate of payroll
deductions during an Offering Period by filing with the Company a new
authorization for payroll deductions, in which case the new rate shall become
effective for the next payroll period commencing after the Company's receipt of
the authorization and shall continue for the remainder of the Offering Period
unless changed as described below.  Such change in the rate of payroll
deductions may be made at any time during an Offering Period, but not more than
one (1) change may be made effective during any Purchase Period.  A participant
may increase or decrease the rate of payroll deductions for any subsequent
Offering Period by filing with the Company a new authorization for payroll
deductions prior to the beginning of such Offering Period, or prior to such
other time period as specified by the Committee.

         (c)  A participant may reduce his or her payroll deduction percentage
to zero during an Offering Period by filing with the Company a request for
cessation of payroll deductions.  Such reduction shall be effective beginning
with the next payroll period after the Company's receipt of the request and no
further payroll deductions will be made for the duration of the Offering Period.
Payroll deductions credited to the participant's account prior to the effective
date of the request shall be used to purchase shares of Common Stock of the
Company in accordance with Section (e) below.  A participant may not resume
making payroll deductions during the Offering Period in which he or she reduced
his or her payroll deductions to zero.

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         (d)  All payroll deductions made for a participant are credited to his
or her account under this Plan and are deposited with the general funds of the
Company.  No interest accrues on the payroll deductions.  All payroll deductions
received or held by the Company may be used by the Company for any corporate
purpose, and the Company shall not be obligated to segregate such payroll
deductions.

         (e)  On each Purchase Date, so long as this Plan remains in effect and
provided that the participant has not submitted a signed and completed
withdrawal form before that date which notifies the Company that the participant
wishes to withdraw from that Offering Period under this Plan and have all
payroll deductions accumulated in the account maintained on behalf of the
participant as of that date returned to the participant, the Company shall apply
the funds then in the participant's account to the purchase of whole shares of
Common Stock reserved under the option granted to such participant with respect
to the Offering Period to the extent that such option is exercisable on the
Purchase Date.  The purchase price per share shall be as specified in Section 8
of this Plan.  Any cash remaining in a participant's account after such purchase
of shares shall be refunded to such participant in cash, without interest;
provided, however that any amount remaining in such participant's account on a
Purchase Date which is less than the amount necessary to purchase a full share
of Common Stock of the Company shall be carried forward, without interest, into
the next Purchase Period or Offering Period, as the case may be.  In the event
that this Plan has been oversubscribed, all funds not used to purchase shares on
the Purchase Date shall be returned to the participant, without interest.  No
Common Stock shall be purchased on a Purchase Date on behalf of any employee
whose participation in this Plan has terminated prior to such Purchase Date.

         (f)  As promptly as practicable after the Purchase Date, the Company
shall issue shares for the participant's benefit representing the shares
purchased upon exercise of his or her option.

         (g)  During a participant's lifetime, his or her option to purchase
shares hereunder is exercisable only by him or her.  The participant will have
no interest or voting right in shares covered by his or her option until such
option has been exercised.

     10. Limitations on Shares to be Purchased.

         (a)  No participant shall be entitled to purchase stock under this
Plan at a rate which, when aggregated with his or her rights to purchase stock
under all other employee stock purchase plans of the Company or any Subsidiary,
exceeds $25,000 in fair market value, determined as of the Offering Date (or
such other limit as may be imposed by the Code) for each calendar year in which
the employee participates in this Plan.  The Company shall automatically suspend
the payroll deductions of any participant as necessary to enforce such limit
provided that when the Company automatically resumes such payroll deductions,
the Company must apply the rate in effect immediately prior to such suspension.

         (b)  No more than two hundred percent (200%) of the number of shares
determined by using eighty-five percent (85%) of the fair market value of a
share of the Company's  Common Stock on the Offering Date as the denominator may
be purchased by a participant on any single Purchase Date.

         (c)  No participant shall be entitled to purchase more than the
Maximum Share Amount (as defined below) on any single Purchase Date.  Prior to
the commencement of any Offering Period or prior to such time period as
specified by the Committee, the Committee may, in its sole discretion, set a
maximum number of shares which may be purchased by any employee at any single
Purchase Date (hereinafter the "Maximum Share Amount").  Until otherwise
determined by the Committee, there shall be no Maximum Share Amount.  In no
event shall the Maximum Share Amount exceed the amounts permitted under Section
10(b) above.  If a new Maximum Share Amount is set, then all participants must
be notified of such Maximum Share Amount prior to the commencement of the next
Offering Period.  The Maximum Share Amount shall continue to apply with respect
to all succeeding Purchase Dates and Offering Periods unless revised by the
Committee as set forth above.

         (d)  If the number of shares to be purchased on a Purchase Date by all
employees participating in this Plan exceeds the number of shares then available
for issuance under this Plan, then the Company will make a pro rata allocation
of the remaining shares in as uniform a manner as shall be reasonably
practicable and as the

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Committee shall determine to be equitable. In such event, the Company shall give
written notice of such reduction of the number of shares to be purchased under a
participant's option to each participant affected.

         (e)  Any payroll deductions accumulated in a participant's account
which are not used to purchase stock due to the limitations in this Section 10
shall be returned to the participant as soon as practicable after the end of the
applicable Purchase Period, without interest.

     11. Withdrawal.

         (a)  Each participant may withdraw from an Offering Period under this
Plan by signing and delivering to the Company a written notice to that effect on
a form provided for such purpose.  Such withdrawal may be elected at any time
prior to the end of an Offering Period, or such other time period as specified
by the Committee.

         (b)  Upon withdrawal from this Plan, the accumulated payroll
deductions shall be returned to the withdrawn participant, without interest, and
his or her interest in this Plan shall terminate.  In the event a participant
voluntarily elects to withdraw from this Plan, he or she may not resume his or
her participation in this Plan during the same Offering Period, but he or she
may participate in any Offering Period under this Plan which commences on a date
subsequent to such withdrawal by filing a new authorization for payroll
deductions in the same manner as set forth in Section 6 above for initial
participation in this Plan.

         (c)  If the Fair Market Value on the first day of the current Offering
Period in which a participant is enrolled is higher than the Fair Market Value
on the first day of any subsequent Offering Period, the Company will
automatically enroll such participant in the subsequent Offering Period.  Any
funds accumulated in a participant's account prior to the first day of such
subsequent Offering Period will be applied to the purchase of shares on the
Purchase Date immediately prior to the first day of such subsequent Offering
Period, if any.

     12. Termination of Employment. Termination of a participant's employment
for any reason, including retirement, death or the failure of a participant to
remain an eligible employee of the Company or of a Participating Subsidiary,
immediately terminates his or her participation in this Plan. In such event, the
payroll deductions credited to the participant's account will be returned to him
or her or, in the case of his or her death, to his or her legal representative,
without interest. For purposes of this Section 12, an employee will not be
deemed to have terminated employment or failed to remain in the continuous
employ of the Company or of a Participating Subsidiary in the case of sick
leave, military leave, or any other leave of absence approved by the Board;
provided that such leave is for a period of not more than ninety (90) days or
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reemployment upon the expiration of such leave is guaranteed by contract or
statute.

     13. Return of Payroll Deductions.  In the event a participant's interest
in this Plan is terminated by withdrawal, termination of employment or
otherwise, or in the event this Plan is terminated by the Board, the Company
shall deliver to the participant all payroll deductions credited to such
participant's account.  No interest shall accrue on the payroll deductions of a
participant in this Plan.

     14. Capital Changes.  Subject to any required action by the stockholders
of the Company, the number of shares of Common Stock covered by each option
under this Plan which has not yet been exercised and the number of shares of
Common Stock which have been authorized for issuance under this Plan but have
not yet been placed under option (collectively, the "Reserves"), as well as the
price per share of Common Stock covered by each option under this Plan which has
not yet been exercised, shall be proportionately adjusted for any increase or
decrease in the number of issued and outstanding shares of Common Stock of the
Company resulting from a stock split or the payment of a stock dividend (but
only on the Common Stock) or any other increase or decrease in the number of
issued and outstanding shares of Common Stock effected without receipt of any
consideration by the Company; provided, however, that conversion of any
                              -----------------
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration".  Such adjustment shall be made by the
Committee, whose determination shall be final, binding and conclusive.  Except
as expressly provided herein, no issue by the Company of shares of stock of any
class, or securities convertible into shares of stock of any class, shall
affect, and no

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adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to an option.

         In the event of the proposed dissolution or liquidation of the
Company, the Offering Period will terminate immediately prior to the
consummation of such proposed action, unless otherwise provided by the
Committee.  The Committee may, in the exercise of its sole discretion in such
instances, declare that this Plan shall terminate as of a date fixed by the
Committee and give each participant the right to purchase shares under this Plan
prior to such termination.  In the event of (i) a merger or consolidation in
which the Company is not the surviving corporation (other than a merger or
consolidation with a wholly-owned subsidiary, a reincorporation of the Company
in a different jurisdiction, or other transaction in which there is no
substantial change in the stockholders of the Company or their relative stock
holdings and the options under this Plan are assumed, converted or replaced by
the successor corporation, which assumption will be binding on all
participants), (ii) a merger in which the Company is the surviving corporation
but after which the stockholders of the Company immediately prior to such merger
(other than any stockholder that merges, or which owns or controls another
corporation that merges, with the Company in such merger) cease to own their
shares or other equity interest in the Company, (iii) the sale of all or
substantially all of the assets of the Company or (iv) the acquisition, sale, or
transfer of more than 50% of the outstanding shares of the Company by tender
offer or similar transaction, the Plan will continue with regard to Offering
Periods that commenced prior to the closing of the proposed transaction and
shares will be purchased based on the Fair Market Value of the surviving
corporation's stock on each Purchase Date, unless otherwise provided by the
Committee consistent with pooling of interests accounting treatment.

         The Committee may, if it so determines in the exercise of its sole
discretion, also make provision for adjusting the Reserves, as well as the price
per share of Common Stock covered by each outstanding option, in the event that
the Company effects one or more reorganizations, recapitalizations, rights
offerings or other increases or reductions of shares of its outstanding Common
Stock, or in the event of the Company being consolidated with or merged into any
other corporation.

     15. Nonassignability.  Neither payroll deductions credited to a
participant's account nor any rights with regard to the exercise of an option or
to receive shares under this Plan may be assigned, transferred, pledged or
otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 22 below) by the participant.  Any such
attempt at assignment, transfer, pledge or other disposition shall be void and
without effect.

     16. Reports.  Individual accounts will be maintained for each
participant in this Plan.  Each participant shall receive promptly after the end
of each Purchase Period a report of his or her account setting forth the total
payroll deductions accumulated, the number of shares purchased, the per share
price thereof and the remaining cash balance, if any, carried forward to the
next Purchase Period or Offering Period, as the case may be.

     17. Notice of Disposition.  Each participant shall notify the Company in
writing if the participant disposes of any of the shares purchased in any
Offering Period pursuant to this Plan if such disposition occurs within two (2)
years from the Offering Date or within one (1) year from the Purchase Date on
which such shares were purchased (the "Notice Period").  The Company may, at any
time during the Notice Period, place a legend or legends on any certificate
representing shares acquired pursuant to this Plan requesting the Company's
transfer agent to notify the Company of any transfer of the shares.  The
obligation of the participant to provide such notice shall continue
notwithstanding the placement of any such legend on the certificates.

     18. No Rights to Continued Employment.  Neither this Plan nor the grant
of any option hereunder shall confer any right on any employee to remain in the
employ of the Company or any Participating Subsidiary, or restrict the right of
the Company or any Participating Subsidiary to terminate such employee's
employment.

     19. Equal Rights And Privileges.  All eligible employees shall have
equal rights and privileges with respect to this Plan so that this Plan
qualifies as an "employee stock purchase plan" within the meaning of Section 423
or any successor provision of the Code and the related regulations.  Any
provision of this Plan which is inconsistent with Section 423 or any successor
provision of the Code shall, without further act or amendment by the

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<PAGE>

Company, the Committee or the Board, be reformed to comply with the requirements
of Section 423. This Section 19 shall take precedence over all other provisions
in this Plan.

     20. Notices.  All notices or other communications by a participant to
the Company under or in connection with this Plan shall be deemed to have been
duly given when received in the form specified by the Company at the location,
or by the person, designated by the Company for the receipt thereof.

     21. Term; Stockholder Approval.  After this Plan is adopted by the
Board, this Plan will become effective on the First Offering Date (as defined
above).  This Plan shall be approved by the stockholders of the Company, in any
manner permitted by applicable corporate law, within twelve (12) months before
or after the date this Plan is adopted by the Board.  No purchase of shares
pursuant to this Plan shall occur prior to such stockholder approval.  This Plan
shall continue until the earlier to occur of (a) termination of this Plan by the
Board (which termination may be effected by the Board at any time), (b) issuance
of all of the shares of Common Stock reserved for issuance under this Plan, or
(c) ten (10) years from the adoption of this Plan by the Board.

     22. Designation of Beneficiary.__

         (a)  A participant may file a written designation of a beneficiary who
is to receive any shares and cash, if any, from the participant's account under
this Plan in the event of such participant's death subsequent to the end of an
Purchase Period but prior to delivery to him of such shares and cash.  In
addition, a participant may file a written designation of a beneficiary who is
to receive any cash from the participant's account under this Plan in the event
of such participant's death prior to a Purchase Date.

         (b)  Such designation of beneficiary may be changed by the participant
at any time by written notice.  In the event of the death of a participant and
in the absence of a beneficiary validly designated under this Plan who is living
at the time of such participant's death, the Company shall deliver such shares
or cash to the executor or administrator of the estate of the participant, or if
no such executor or administrator has been appointed (to the knowledge of the
Company), the Company, in its discretion, may deliver such shares or cash to the
spouse or to any one or more dependents or relatives of the participant, or if
no spouse, dependent or relative is known to the Company, then to such other
person as the Company may designate.

     23. Conditions Upon Issuance of Shares; Limitation on Sale of Shares.
Shares shall not be issued with respect to an option unless the exercise of such
option and the issuance and delivery of such shares pursuant thereto shall
comply with all applicable provisions of law, domestic or foreign, including,
without limitation, the Securities Act, the Securities Exchange Act of 1934, as
amended, the rules and regulations promulgated thereunder, and the requirements
of any stock exchange or automated quotation system upon which the shares may
then be listed, and shall be further subject to the approval of counsel for the
Company with respect to such compliance.

     24. Applicable Law.  The Plan shall be governed by the substantive laws
(excluding the conflict of laws rules) of the State of California.

     25. Amendment or Termination of this Plan.  The Board may at any time
amend, terminate or extend the term of this Plan, except that any such
termination cannot affect options previously granted under this Plan, nor may
any amendment make any change in an option previously granted which would
adversely affect the right of any participant, nor may any amendment be made
without approval of the stockholders of the Company obtained in accordance with
Section 21 above within twelve (12) months of the adoption of such amendment (or
earlier if required by Section 21) if such amendment would:

         (a)  increase the number of shares that may be issued under this Plan;
or

         (b)  change the designation of the employees (or class of employees)
eligible for participation in this Plan.

          Notwithstanding the foregoing, the Board may make such amendments to
the Plan as the Board determines to be advisable, if the continuation of the
Plan or any Offering Period would result in financial

                                       7
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accounting treatment for the Plan that is different from the financial
accounting treatment in effect on the date this Plan is adopted by the Board.

                                       8<PAGE>

                                                                 EXHIBIT 10.04

NEITHER THE WARRANT NOR THE SHARES OF STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT").  NO
SALE, TRANSFER OR OTHER DISPOSITION OF THIS WARRANT OR SAID SHARES MAY BE
EFFECTED WITHOUT (i) AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO, (ii)
AN OPINION OF COUNSEL FOR THE HOLDER, WHICH COUNSEL SHALL BE REASONABLY
SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATION IS NOT REQUIRED OR (iii)
RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION TO THE
EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED.

Date of Issuance: March 8, 2000                              Warrant No.: Y-1

                      WARRANT TO PURCHASE UP TO 1,405,000
              SHARES OF SERIES C PREFERRED STOCK OF DOVEBID,INC.
              --------------------------------------------------

     THIS CERTIFIES THAT Yahoo! Inc., a Delaware corporation (the "Holder"), is
entitled to purchase under this Warrant up to one million four hundred five
thousand (1,405,000) shares of Series C Preferred Stock of DoveBid, Inc., a
Delaware corporation (the "Company") at a per share price of $2.67  (the
"Exercise Price") subject to the provisions and upon the terms and conditions
hereinafter set forth.  The shares of Series C Preferred Stock or Common Stock
or other securities for which this Warrant becomes exercisable pursuant to the
provisions hereof are hereinafter referred to as the "Shares."

     1.   Vesting and Term.
          ----------------

          1.1  Vesting Date.  This Warrant shall become exercisable with respect
               ------------
all of the Shares on the Date of Issuance.

          1.2   Termination Date.  This Warrant shall remain exercisable with
                ----------------
respect to the Shares until 5:00 p.m. California time on the earliest of (i) the
fourth annual anniversary of the Date of Issuance, (ii) the effective date of
termination by the Company of the Advertising and Promotion Agreement between
the Company and the Holder dated the Date of Issuance (the "Promotion
Agreement") pursuant to Section 5.7, 10.3 or 10.4 of the Promotion Agreement, or
(iii) one year after the effective termination by the Holder of the Promotion
Agreement pursuant to Section 5.6 or 10.4 of the Promotion Agreement provided
that, in the event of termination pursuant to this clause (iii), the Warrant
will expire no later than the thirtieth day after the closing of the initial
public offering by the Company of its Common Stock.
<PAGE>

     2.   Exercise or Conversion.
          ----------------------

          2.1  Method of Exercise; Payment; Issuance of New Warrant.  This
               ----------------------------------------------------
Warrant may be exercised by the Holder, in whole or in part and from time to
time, by the surrender of this Warrant (with a notice of exercise in the form
attached as Exhibit A and the investment representation certificate in the form
            ---------
attached as Exhibit B duly executed) at the principal office of the Company and
            ---------
by the payment to the Company by check or wire transfer, of an amount equal to
the then current Exercise Price per share multiplied by the number of Shares
then being purchased (the "Aggregate Exercise Price").  The person or persons in
whose name(s) any certificate(s) representing Shares shall be issuable upon
exercise of this Warrant shall be deemed to have become the holder(s) of record
of, and shall be treated for all purposes as the record holder(s) of the Shares
represented thereby (and such Shares shall be deemed to have been issued)
immediately prior to the close of business on the date or dates upon which this
Warrant is exercised.  In the event of any exercise of this Warrant,
certificates for the Shares so purchased shall be delivered to the holder(s)
thereof as soon as possible and in any event within thirty (30) days of receipt
of such notice by the Company and, unless this Warrant has been fully exercised
or expired, a new Warrant representing the portion of the Shares, if any, with
respect to which this Warrant shall not then have been exercised shall also be
issued to the Holder as soon as possible and in any event within such thirty-day
period.

          2.2  Right to Convert Warrant into Stock; Net Issuance.  In addition
               -------------------------------------------------
to and without limiting the rights of the Holder under the terms of this
Warrant, the Holder may elect to convert this Warrant or any portion thereof
(the "Conversion Right"), but only to the extent that the Holder then has a
right to exercise this Warrant, into Shares, the aggregate value of which Shares
shall be equal to the "in-the-money" value of this Warrant or the portion
thereof being converted as set forth below.  The Conversion Right may be
exercised by the rHolder by surrender of this Warrant at the principal office of
the Company together with notice of the Holder's intention to exercise the
Conversion Right, in which event the Company shall issue to the Holder a number
of Shares computed using the following formula:

          X= Y(A-B)
             ------
               A

Where:

          X    The number of Shares to be issued to the Holder.

          Y    The number of Shares representing the portion of this Warrant
               that is being converted.

          A    The fair market value of one Share.

          B    The Exercise Price (as adjusted to the date of such
               calculations).

                                       2
<PAGE>

For purposes of this Section 2.2, the "fair market value" per Share shall mean
the Market Price on the last business day before the effective date of exercise
of the Conversion Right.  If the Shares are traded on a national securities
exchange or admitted to unlisted trading privileges on such an exchange, or are
listed on the National Market (the "National Market") of the National
Association of Securities Dealers Automated Quotations System (the "Nasdaq"),
the Market Price as of a specified day shall be the last reported sale price of
the Shares on such exchange or on the National Market on such date or if no such
sale is made on such day, the mean of the closing bid and asked prices for such
day on such exchange or on the National Market.  If the Shares are not so listed
or admitted to unlisted trading privileges, the Market Price as of a specified
day shall be the mean of the last bid and asked prices reported on such date (x)
by the Nasdaq or (y) if reports are unavailable under clause (x) above by the
National Quotation Bureau Incorporated.  If the Shares are not so listed or
admitted to unlisted trading privileges and bid and ask prices are not reported,
the Market Price as of a specified day shall be determined in good faith by
written resolution of the Board of Directors of the Company.

          2.3  Automatic Conversion.  In the event of termination of this
               --------------------
Warrant pursuant to Section 1 above, to the extent that this Warrant is then
exercisable and such conversion would result in the issuance of Shares to the
Holder, this Warrant shall be deemed automatically converted under Section 2.2
above immediately prior to the time at which it would otherwise expire.

          2.4  HSR Compliance.  Exercise or conversion of this Warrant is
               --------------
subject to comliance by the Holder with all applicable filing requirements, and
expiration of all waiting periods, under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended (the "HSR Act").  The Company will
cooperate with the Holder in making all applicable filings under the HSR Act,
provided, however, that the Holder shall pay all applicable filing fees.

     3.   Securities Fully Paid; Reservation of Shares; Capitalization
          ------------------------------------------------------------
Representations.  All Shares that may be issued upon the exercise of the rights
---------------
represented by this Warrant, upon issuance, will be fully paid and
nonassessable, and free from all taxes, liens and charges with respect to the
issue thereof.  During the period within which the rights represented by the
Warrant may be exercised, the Company will at all times have authorized and
reserved for the purpose of issuance upon exercise of the purchase rights
evidenced by this Warrant, a sufficient number of Shares to provide for the
exercise of the right represented by this Warrant.  The Company represents to
the Holder that the capitalization of the Company is, in all material respects,
as set forth in Section 2.2 of that certain Series C Preferred Stock Purchase
Agreement executed by the Company and the Holder on the Date of Issuance, as
supplemented by the Disclosure Schedule to that Agreement.

     4.   Adjustment of Exercise Price and Number of Shares.  The number and
          -------------------------------------------------
kind of securities purchasable upon the exercise of the Warrant and the Exercise
Price shall be subject to adjustment from time to time upon the occurrence of
certain events, as follows:

          4.1  Reclassification or Merger.  In case of any reclassification,
               --------------------------
change or conversion (including but not limited to the automatic conversion of
the Series C Preferred Stock

                                       3
<PAGE>

into Common Stock upon the initial public offering of the Company) of securities
in the class issuable upon exercise of this Warrant (other than a change in par
value, or from par value to no par value, or from no par value to par value, or
as a result of a subdivision or combination), or in case of any merger of the
Company with or into another corporation (other than a merger with another
corporation in which the Company is a continuing corporation and which does not
result in any reclassification or change of outstanding securities issuable upon
exercise of this Warrant), unless this Warrant shall have been exercised or
terminated in accordance with its terms, this Warrant shall thereafter be
exercisable solely for the kind and amount of consideration, including but not
limited to shares of stock, other securities, money and property, that the
Holder would have received upon such reclassification, change, conversion or
merger if the Holder had exercised this Warrant in full prior to such
reclassification, change, conversion or merger. The provisions of this
subparagraph shall similarly apply to successive reclassifications, changes,
conversions, mergers.

          4.2  Subdivisions or Combination of Shares.  If at any time while this
               -------------------------------------
Warrant remains outstanding and unexpired the Company shall subdivide or combine
the Shares, the Exercise Price and the number of Shares issuable upon exercise
hereof shall be proportionately adjusted.

          4.3  Stock Dividends.  If at any time while this Warrant is
               ---------------
outstanding and unexpired the Company shall pay a dividend payable in Shares
(except any distribution specifically provided for in the foregoing
subparagraphs 4.1 and 4.2), then the Exercise Price shall be adjusted, from and
after the date of determination of shareholders entitled to receive such
dividend or distribution, to that price determined by multiplying the Exercise
Price in effect immediately prior to such date of determination by a fraction
(a) the numerator of which shall be the total number of Shares outstanding
immediately prior to such dividend or distribution, and (b) the denominator of
which shall be the total number of Shares outstanding immediately after such
dividend or distribution and the number of Shares subject to this Warrant shall
be proportionately adjusted.

          4.4  Notice of Adjustments. Whenever the Exercise Price shall be
               ---------------------
adjusted pursuant to the provisions hereof, the Company shall within thirty (30)
days of such adjustment deliver a certificate signed by its chief financial
officer to Holder setting forth, in reasonable detail, the event requiring the
adjustment, the amount of the adjustment, the method by which such adjustment
was calculated, and the number of Shares subject to this Warrant and the
Exercise Price therefor, as applicable, after giving effect to such adjustment.

                                       4
<PAGE>

     5.   Compliance with Securities Laws.
          -------------------------------

          5.1  Accredited Investor.  This issuance of this Warrant is
               -------------------
conditioned upon, and by its acceptance hereof the Holder hereby confirms, that
the Holder is an "accredited investor" as that term is defined under Regulation
D under the Securities Act of 1933, as amended (the "Securities Act").

          5.2  Legend.  Upon issuance, the Shares shall be imprinted with a
               ------
legend in substantially the following form:

     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
     AMENDED, AND MAY NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT AN
     EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR PURSUANT TO RULE 144 OR AN
     OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE CORPORATION AND ITS
     COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.

together with any legend required under applicable state securities laws.

          5.3  Compliance with Securities Laws on Transfer.  This Warrant and
               -------------------------------------------
the Shares issuable upon exercise of this Warrant may not be transferred or
assigned in whole or in part without compliance with applicable federal and
state securities laws by the transferor and the transferee (including, without
limitation, the delivery of investment representation letters and legal opinions
reasonably satisfactory to the Company).

     6.   Fractional Shares.  No fractional Shares will be issued in connection
          -----------------
with any exercise hereunder, but in lieu of such fractional Shares the Company
shall make a cash payment therefor upon the basis of the Exercise Price then in
effect.

     7.   Registration Rights.  The Shares will be treated as "Registrable
          -------------------
Securities" within the meaning of the Second Amended Investors' Rights Agreement
dated as of the Date of Issuance and shall be entitled to the registration
rights set forth therein.

     8.  "Market Stand-Off" Agreement; Agreement to Furnish Information.  The
         --------------------------------------------------------------
Holder hereby agrees that  the Holder shall not sell, transfer, make any short
sale of, grant any option for the purchase of, enter into any hedging or similar
transaction with the same economic effect as a sale, or otherwise dispose of,
any Shares (or other securities) of the Company held of record or beneficially
owned by Holder (other than those included in the registration) for a period
specified by the representative of the underwriters of Common Stock (or other
securities) of the Company not to exceed one hundred eighty (180) days following
the date of the final prospectus contained in a registration statement of the
Company filed under the Securities Act; provided that:

                    (i) such agreement shall apply only to the Company's initial
public offering; and

                                       5
<PAGE>

                   (ii) all officers and directors of the Company who hold
capital stock of the Company and all holders of five percent (5%) or more of
the Company's capital stock enter into similar agreements.

The Holder agrees to execute and deliver such other agreements as may be
reasonably requested by the Company or the representative of the underwriters
which are consistent with the foregoing or which are necessary to give further
effect thereto.  In addition, if requested by the Company or the representative
of the underwriters of Common Stock (or other securities) of the Company,  the
Holder shall provide, within ten (10) days of such request, such information as
may be required by the Company or such representative in connection with the
completion of any public offering of the Company's securities pursuant to a
registration statement filed under the Securities Act.  The Company may impose
stop-transfer instructions with respect to the Shares (or other securities)
subject to the foregoing restriction until the end of said one hundred eighty
(180) day period.

     9.   Modification and Waiver.  This Warrant and any provision hereof may be
          -----------------------
changed, waived, discharged or terminated only by an instrument in writing
signed by the party against which enforcement of the same is sought.

     10.  Notices.
          -------

          10.1 Notice of Certain Events.  The Company shall provide the Holder
               ------------------------
with at least twenty (20) days notice (or such greater amount of notice as
Delaware law requires to be given to shareholders having the right to vote at a
meeting on any Sale Event, as defined herein) prior to (i) a merger of the
Company with or into, the consolidation of the Company with, or the sale by the
Company of all or substantially all of its assets to, another person or entity
(other than such a transaction wherein the shareholders of the Company prior to
such transaction retain or obtain a majority of the voting capital stock of the
surviving, resulting or purchasing entity)(a "Sale Event"), (ii) any
liquidation, dissolution or winding up of the Company or (iii) the record date
for any cash dividend declared on the Shares or (iv) a firm commitment
underwritten public offering pursuant to a registration statement on Form S-1
under the Securities Act (each, a "Notice Event").  If the notice is provided
pursuant to subsection (i) or (ii) of the previous sentence, the notice will
indicate the expected date of the Notice Event.

          10.2 Notice Procedure. Any notice required or permitted pursuant to
               ----------------
this Warrant shall be in writing and shall be deemed sufficient when either (a)
delivered personally, (b) sent by e-mail or fax with confirmation of receipt or
(c) deposited in the U.S. mail, as certified or registered mail, with postage
prepaid, addressed as follows:

     If to the Holder:

     Yahoo! Inc.
     3420 Central Expressway
     Santa Clara, California 95051

                                       6
<PAGE>

     Attention: Senior Vice President Corporate Development
     e-mail:  ellen@yahoo-inc.com
     fax: 408-328-7939

     with a copy to:

     Yahoo! Inc.
     3420 Central Expressway
     Santa Clara, California 95051
     Attention: General Counsel
     e-mail:    jplace@yahoo-inc.com
     Fax: (408) 731-3400

     If to the Company:

     Dovebid, Inc.
     1241 E. Hillsdale Boulevard
     Foster City, California 94494
     Attention:  Jeffrey Crowe, President
     email:  jcrowe@dovebid.com
     Fax: 650-571-0197

     with a copy to:

     Dovebid, Inc.
     1241 E. Hillsdale Boulevard
     Foster City, California 94494
     Attention:  Nino Capobianco, General Counsel
     email:  acapobianco@dovebid.com
     Fax: 650-571-0197

     Each of the foregoing parties shall be entitled to specify a different
address by giving five (5) days advance written notice as aforesaid to the other
parties.  All such notices and communications shall be deemed to have been
received (i) in the case of personal delivery or delivery be e-mail or fax, on
the date of such delivery (provided there is confirmation of such delivery) and
(ii) in the case of mailing, on the third business day following the date of
such mailing.

     11.  Lost Warrants or Stock Certificates.  Upon receipt of evidence
          -----------------------------------
reasonably satisfactory to the Company of the loss, theft, destruction, or
mutilation of this Warrant or any stock certificate and, in the case of any such
loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory
to the Company, or in the case of any such mutilation upon surrender and
cancellation of such Warrant or stock certificate, the Company will make and

                                       7
<PAGE>

deliver a new Warrant or stock certificate, of like tenor, in lieu of the lost,
stolen, destroyed or mutilated Warrant or stock certificate.

     12.  Restrictions on Transfer.  This Warrant shall not be transferable by
          ------------------------
the Holder without the Company's prior written consent and any attempt to assign
or transfer this Warrant shall be void.

     13.  Non-Disclosure.  Subject to the terms of this Section 13, neither the
          --------------
Company nor the Holder shall make any pubic disclosure regarding the existence
of this Warrant or its terms without the other party's prior written approval
and consent, which will not be unreasonably withheld.  If the Company or the
Holder desires to make a public disclosure regarding the existence of this
Warrant, it shall provide the other with a minimum of three (3) business days
notice of the intended disclosure.  If the Company determines, after consulting
with its legal counsel or outside auditors, that this Warrant or any of its
terms must be filed or disclosed by the Company under any law, rule or
regulation including but not limited to filing or disclosing this Warrant or its
terms in connection with the Company's initial public offering, the Company
shall give written notice of the intended disclosure to the Holder at least one
business day in advance of the date of disclosure but the Company shall not be
required to seek confidential treatment for this Warrant or any of its terms.

     14.  No Impairment. The Company will not, through any reorganization,
          -------------
recapitalization, transfer of assets, consolidation, merger, dissolution,
issuance or sale of securities or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms to be observed or
performed hereunder by the Company, but will at all times in good faith assist
in the carrying out of all the provisions of this Warrant and in the taking of
all such action as may be necessary or appropriate in order to protect the
rights of the holder of this Warrant against impairment.

     15.  Governing Law.  This Warrant shall be construed and enforced in
          -------------
accordance with, and the rights of the parties shall be governed by, the laws of
the State of California, without regard to conflict of laws provisions thereof.

                            [Signature Page Follows]

                                       8
<PAGE>

     IN WITNESS WHEREOF, this Warrant to Purchase up to 1,405,000 Shares of
Series C Preferred Stock of DoveBid, Inc. has been executed as of the Date of
Issuance.

                                    DoveBid, Inc.

                                    By: /s/ Jeffrey Crowe
                                    _____________________
                                    Name: Jeffrey Crowe
                                    ___________________
                                    Title: President
                                    ___________________

                                       9
<PAGE>

                                  EXHIBIT "A"
                                  -----------

                            NOTICE OF EXERCISE FORM
                            -----------------------

                   (To be executed only upon partial or full
                        exercise of the within Warrant)

     The undersigned registered Holder of the within Warrant hereby irrevocably
exercises the within Warrant for and purchases _________ shares of ___________
Stock of DoveBid, Inc. and herewith makes payment therefor in the amount of
$_______________, all at the price and on the terms and conditions specified in
the within Warrant and requests that a certificate (or ________________________
certificates in denominations of shares) for the shares hereby purchased be
issued in the name of and delivered to ________________________________________
whose address is ________________________________________________________ and,
if such shares of shall not include all the shares issuable as provided in the
within Warrant, that a new Warrant of like tenor for the number of shares not
being purchased hereunder be issued in the name of and delivered to the
undersigned, whose address is _________________________________________________
_____________________________________________________________________________.

Date: ______________________

                              Holder:  Yahoo! Inc.

                              By:
                                 ___________________________________________
                                 (Signature of Registered Holder)

                              Title:
                                    ________________________________________

NOTICE:   The signature to this Notice of Exercise must correspond with the name
          as written upon the face of the within Warrant in every particular,
          without alteration or enlargement or any change whatever.

                                       10
<PAGE>

                                  EXHIBIT "B"
                                  -----------

                     INVESTMENT REPRESENTATION CERTIFICATE
                     -------------------------------------

Holder:        Yahoo! Inc.

Company:       DoveBid, Inc.

Security:      Series C Preferred Stock

Amount:

Date:

     In connection with the purchase of the above-listed securities (the

"Securities"), the undersigned (the "Holder") represents to the Company as
 ----------                          ------
follows:

     The Holder is aware of the Company's business affairs and financial
condition, and has acquired sufficient information about the Company to reach an
informed and knowledgeable decision to acquire the Securities.  The Holder is
purchasing the Securities for its own account for investment purposes only and
not with a view to, or for the resale in connection with, any "distribution"
thereof for purposes of the Securities Act of 1933, as amended (the "Securities
                                                                     ----------
Act");
---

     The Holder understands that the Securities have not been registered under
the Securities Act in reliance upon a specific exemption therefor, which
exemption depends upon, among other things, the bona fide nature of the Holder's
investment intent as expressed herein. In this connection, the Holder
understands that, in the view of the Securities and Exchange Commission ("SEC"),
                                                                          ---
the statutory basis for such exemption may be unavailable if the Holder's
representation was predicated solely upon a present intention to hold these
Securities for the minimum capital gains period specified under tax statutes,
for a deferred sale, for or until an increase or decrease in the market price of
the Securities, or for a period of one year or any other fixed period in the
future.  The Holder is an "accredited investor" as that term is defined under
Regulation D promulgated by the Securities and Exchange Commission under the
Securities Act;

     The Holder further understands that the Securities must be held
indefinitely unless subsequently registered under the Securities Act or unless
an exemption from registration is otherwise available.  In addition, the Holder
understands that the certificate evidencing the Securities will be imprinted
with the legend referred to in this Warrant under which the Securities are being
purchased;

     The Holder is aware of the provisions of Rule 144, promulgated under the
Securities Act, which, in substance, permit limited public resale of "restricted
securities" acquired, directly or indirectly, from the issuer thereof (or from
an affiliate of such issuer), in a non-public offering subject to the
satisfaction of certain conditions, if applicable, including, among other
things:  (i) the availability of certain public information about the Company;
(ii) the resale occurring not less than one (1) year after the party has

                                       11
<PAGE>

purchased and paid for the securities to be sold; (iii) the sale being made
through a broker in an unsolicited "broker's transaction" or in transactions
directly with a market maker (as said term is defined under the Securities
Exchange Act of 1934, as amended) and the amount of securities being sold during
any three-month period not exceeding the specified limitations stated therein;

     The Holder further understands that at the time it wishes to sell the
Securities there may be no public market upon which to make such a sale, and
that, even if such a public market upon which to make such a sale then exists,
notwithstanding the Company's best efforts obligation to do so set forth in the
Warrant, the Company may not be satisfying the current public information
requirements of Rule 144, and that, in such event, the Holder may be precluded
from selling the Securities under Rule 144 even if the one-year minimum holding
period had been satisfied; and

     The Holder further understands that in the event all of the requirements of
Rule 144 are not satisfied, registration under the Securities Act, compliance
with Regulation A, or some other registration exemption will be required; and
that, notwithstanding the fact that Rule 144 is not exclusive, the staff of the
SEC has expressed its opinion that persons proposing to sell private placement
securities other than in a registered offering and otherwise than pursuant to
Rule 144 will have a substantial burden of proof in establishing that an
exemption from registration is available for such offers or sales, and that such
persons and their respective brokers who participate in such transactions do so
at their own risk.

Date: ______________________

                                    HOLDER:
                                            _________________________________

                                       12

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