Document:

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                                                                   EXHIBIT 10.04

                                NIKU CORPORATION

                        2000 EMPLOYEE STOCK PURCHASE PLAN

                           As Adopted December 8, 1999
                              Amended May 15, 2002
                     Amended and Restated February 11, 2003

     1. ESTABLISHMENT OF PLAN. NIKU Corporation (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
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 and, where applicable, the provisions of California law. 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;

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                                                                NIKU Corporation
                                               2000 Employee Stock Purchase Plan

        (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 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 March 1 and
September 1 of each year and ending on February 28 and August 31 of each year;
provided, however, that the first such Offering 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 February 28, 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 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.

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                                                                NIKU Corporation
                                               2000 Employee Stock Purchase Plan

     8. PURCHASE PRICE. The purchase price per share at which a share of Common
Stock will be (i) sold in any Offering Period shall be (1) eighty-five percent
(85%) of the lesser of:

        (a)  The Fair Market Value on the Offering Date; or

        (b)  The Fair Market Value on the Purchase Date,

or (2) in the case of any participant who owns securities of the Company
possessing more than 10% of the total combined voting power of all classes of
securities of the Company, Parent Corporation or Subsidiaries, 100% of the
lesser of:

        (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 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 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 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 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; provided, however, that no participant shall be
entitled to deduct more than $10,000 on any Purchase Period (or such other
maximum amount as determined by the Committee prior to or during any Purchase
Period). 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

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                                                                NIKU Corporation
                                               2000 Employee Stock Purchase Plan

any subsequent Offering Period by filing with the Company a new authorization
for payroll deductions prior to the beginning of such Offering Period, or 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.

        (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 participant shall be entitled to purchase more than the Maximum
Share Amount (as defined below) on any single Purchase Date. All participants
shall not be entitled to purchase more than 500,000 shares (or such other
maximum number of shares as determined by the Committee) of the Company's Common
Stock in the aggregate 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

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                                                                NIKU Corporation
                                               2000 Employee Stock Purchase Plan

Purchase Date (hereinafter the "MAXIMUM SHARE AMOUNT"). The Maximum Share Amount
shall be 2,000 shares of the Company's Common Stock (or such other Maximum Share
Amount as determined by the Committee). 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.

        (c) 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 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.

        (d) 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
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

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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, reverse stock split,
distribution, recapitalization, combination, reclassification 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 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. Additionally, to the
extent required, pursuant to the provisions of Section 260.140 of Title 10 of
the California Code of Regulations, the Company shall provide to each individual
who acquires shares pursuant to the Plan, not less frequently than annually
during the period such individual participates in the Plan or owns such shares,
copies of the Company's annual financial statements. The Company shall not be
required to provide such statements to key employees of the Company whose duties
in connection with the Company assure their access to equivalent information.

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                                                                NIKU Corporation
                                               2000 Employee Stock Purchase Plan

     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 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 earlier of the adoption of this Plan by the Board or the
approval of the Plan by the stockholders of the Company.

     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.

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     24. PRIVILEGES OF STOCK OWNERSHIP. No participant will have any of the
rights of a stockholder with respect to any shares of Common Stock until such
shares are issued to the participant. After shares are issued to the
participant, the participant will be a stockholder and have all the rights of a
stockholder with respect to such shares, including the right to vote and receive
all dividends or other distributions made or paid with respect to such shares.

     25. APPLICABLE LAW. The Plan shall be governed by the substantive laws
(excluding the conflict of laws rules) of the State of California.

     26. 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 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 10.20

                                NIKU CORPORATION

                                VOTING AGREEMENT

         THIS VOTING AGREEMENT (the "AGREEMENT") is entered into as of November
6, 2002 between Niku Corporation, a Delaware corporation (the "COMPANY") and
Farzad Dibachi, Rhonda Dibachi and the Dibachi Family Trust UDT dated 2/11/98
(the "STOCKHOLDERS").

                                    RECITALS:

         WHEREAS, the Stockholders hold 10,362,546 shares of the Company's
common stock, par value $0.0001 per share (the "COMMON STOCK"); and

         WHEREAS, Farzad Dibachi and Rhonda Dibachi each previously entered into
an Employment Agreement with the Company (the "EMPLOYMENT AGREEMENTS") providing
for, among other things, the execution of this Voting Agreement in exchange for
the payment of certain consideration as specified in the Employment Agreements.

         NOW, THEREFORE, in consideration of the promises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

                                    ARTICLE 1

                                     VOTING

            1.1 WARRANT SHARES.

The Stockholders agree, and each Stockholder severally agrees, to hold all
10,362,546 shares beneficially owned by them as of the date hereof (the "COMMON
SHARES") subject to, and to vote the Common Shares in accordance with, the
provisions of this Agreement.

            1.2 VOTING; IRREVOCABLE PROXY.

The Stockholders agree, and each Stockholder severally agrees, to vote the
Common Shares on any matter presented to stockholders of the Company (and to
consent in respect of the Common Shares on any matter in respect of which
written consents are solicited) in any case where the Company's Board of
Directors has made a unanimous recommendation to the Company's stockholders to
vote in favor of or against any matter presented at such meeting (or has made a
unanimous recommendation to the Company's stockholders to deliver a written
consent to any matter in respect of which written consents are solicited) in the
manner so recommended by the Company's Board of Directors (it being understood,
in the case where the Company's Board of Directors shall have changed its
recommendation in respect of such matter to the Company's stockholders, that
such vote (or consent) shall be in the manner most recently unanimously
recommended by the Company's Board of Directors).

Contemporaneously with the execution of this Agreement, the Stockholders shall
deliver to the Company a proxy in the form attached to this Agreement as Exhibit
A, which (except as

                                       1
<PAGE>
provided therein) shall be irrevocable prior to the Expiration Date (as defined
below) to the fullest extent permitted by law, with respect to the Common Shares
(the "PROXY").

            1.3 LEGEND.

                  1.3.1. The Stockholders acknowledge that there shall be
imprinted or otherwise placed, on certificates representing the Common Shares
the following restriction legend (the "LEGEND"):

                  "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE
                  SUBJECT TO TERMS AND CONDITIONS OF A VOTING AGREEMENT
                  ("VOTING AGREEMENT") WHICH PLACES CERTAIN
                  RESTRICTIONS ON THE VOTING OF THE SHARES REPRESENTED
                  HEREBY. SUBJECT TO CERTAIN EXCEPTIONS AS SET FORTH IN
                  THE VOTING AGREEMENT, ANY PERSON ACCEPTING ANY
                  INTEREST IN SUCH SHARES SHALL BE DEEMED TO AGREE TO
                  AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SUCH
                  AGREEMENT. A COPY OF SUCH VOTING AGREEMENT WILL BE
                  FURNISHED TO THE RECORD HOLDER OF THIS CERTIFICATE
                  WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT
                  ITS PRINCIPAL PLACE OF BUSINESS."

                  1.3.2. Subject to the provisions of Section 1.4 below, the
Company agrees that, during the term of this Agreement, it will not remove, and
will not permit to be removed (upon registration of transfer, reissuance or
otherwise) the Legend for any such certificate and will place or cause to be
placed the Legend on any new certificate issued to represent Common Shares
theretofore represented by a certificate carrying the Legend.

            1.4 SUCCESSORS. Except in respect of any sale or sales of any Common
Shares effected pursuant to any public trading market for the Common Stock to a
third party unaffiliated with the Stockholders (including, without limitation,
any Nasdaq market), which shares shall no longer be deemed "Common Shares" for
purposes of this Agreement or any proxy granted pursuant hereto, (a) the
provisions of this Agreement shall be binding upon the successors in interest to
any of the Common Shares and (b) the Company shall not permit the transfer of
any of the Common Shares on its books or issue a new certificate representing
any of the Common Shares unless and until the person to whom such security is to
be transferred shall have executed a written Agreement, substantially in the
form of this Agreement, pursuant to which such person becomes a party to this
Agreement and agrees to be bound by all the provisions hereof as if such person
were the Stockholders.

            1.5 OTHER RIGHTS. Except as provided by this Agreement, the
Stockholders can exercise the full rights of a stockholder with respect to the
Common Shares.

                                       2
<PAGE>
                                    ARTICLE 2

                                   TERMINATION

This Agreement shall continue in full force and effect from the date hereof
through the earlier of (such date, the "EXPIRATION DATE") (a) the date upon
which the Stockholders and their affiliates shall have sold the last of the
Common Shares, or (b) the closing of any merger or consolidation of the Company
with any other corporation or other entity, or other corporate reorganization of
the Company, in which the holders of the Company's outstanding voting stock
immediately prior to such transaction own, immediately after such transaction,
securities representing less than fifty percent (50%) of the voting power of the
corporation or other entity surviving such transaction or the closing of the
sale of all or substantially all of the assets of the Company.

                                    ARTICLE 3

                                  MISCELLANEOUS

            3.1 OWNERSHIP. The Stockholders represent and warrant to the
Company, and each Stockholders severally represents and warrants to the Company,
that (a) they own the Common Shares, free and clear of liens or encumbrances,
and have not and will not execute or deliver any proxy or enter into any other
voting agreement or similar arrangement in respect of the Common Shares, and (b)
they have full power and capacity to execute, deliver and perform this
Agreement, which has been duly executed and delivered by, and evidences the
valid and binding obligation, of the Stockholders, and each of them, enforceable
in accordance with its terms.

            3.2 FURTHER ACTION. Except in respect of any sale or sales of Common
Shares effected pursuant to any public trading market for the Common Stock
(including, without limitation, any Nasdaq market), if and whenever any
beneficial ownership interest in the Common Shares is transferred, the
Stockholders shall do all things and execute and deliver all documents and make
all transfers and cause any transferee of the Common Shares to do all things and
execute and deliver all documents, as may be necessary to consummate such sale
consistent with this Agreement.

            3.3 SPECIFIC PERFORMANCE. The parties hereto hereby declare that is
impossible to measure in money the damages which will accrue to a party hereto
or to their heirs, personal representatives, or assigns by reason of a failure
to perform any of the obligations under Agreement and agree that the terms of
this Agreement shall be specially enforceable. If any party hereto or his heirs,
personal representatives, or assigns institutes any action or proceeding to
specifically enforce the provisions hereto, any person against whom such action
or proceeding is brought hereby waives the claim or defense therein that such
party or such personal representative has an adequate remedy at law, and such
person shall not offer in any such action or proceeding the claim or defense
that such remedy at law exists.

            3.4 GOVERNING LAW. This Agreement, and the rights of the parties
hereto, shall be governed by and construed in accordance with the laws of the
State of Delaware as such apply

                                       3
<PAGE>
to agreements among Delaware residents made and to be performed entirely within
the State of Delaware.

            3.5 AMENDMENT. This Agreement may be amended only by an instrument
in writing signed by the Company and the Stockholders.

            3.6 SEVERABILITY. If any provision of this Agreement is held to be
invalid or unenforceable, the validity and enforceability of the remaining
provisions of this Agreement shall not be affected thereby.

            3.7 SUCCESSORS. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective successors, assigns other
legal representatives.

            3.8 ADDITIONAL SHARES. In the event that subsequent to the date of
this Agreement any shares or other securities (other than any share or security
of another corporation issued to the Company's stockholders pursuant to a plan
of merger or other reorganization satisfying the description in Article 2) are
issued on, or in exchange for, Common Shares by reasons of any stock dividend,
stock split, consolidation of shares, reclassification or consolidation
involving the Company, such shares or securities which are issued to
Stockholders shall be deemed to be Common Shares for purposes of this Agreement,
and each certificate representing such shares shall bear the legend set forth in
Section 1.3.1.

            3.9 COUNTERPARTS. This Agreement may be executed in or more
counterparts, each of which will be deemed an original but all of which together
shall constitute one and the same agreement.

            3.10 WAIVER. No waivers of any breach of this Agreement extended by
any party hereto any other party shall be construed as a waiver of any rights or
remedies of any other party hereto or with respect to any subsequent breach.

            3.11 ENTIRE AGREEMENT. This Agreement and the exhibits hereto, along
with the Employment Agreements, constitute the full and entire understanding and
agreement between the parties with regard to the subject hereof and thereof and
no party shall be liable or bound to any other in any manner by any
representations, warranties, covenants, and agreements except as specifically
set forth herein and therein.

                                       4
<PAGE>
                  IN WITNESS WHEREOF, the parties hereto have executed the
Voting Agreement as of the date set forth in the first paragraph hereof.

COMPANY                                    STOCKHOLDERS

 NIKU CORPORATION

By:  ________________________                       ____________________________
Name:                                               Farzad Dibachi
Title:

                                                    ____________________________
                                                    Rhonda Dibachi

                                                    The Dibachi Family Trust UDT
                                                    dated 2/11/98

                                           By:      ____________________________
                                           Name:    Farzad Dibachi
                                           Title:   Trustee

                                       5
<PAGE>
                                    EXHIBIT A

                            FORM OF IRREVOCABLE PROXY

            The undersigned, Farzad Dibachi, Rhonda Dibachi, and the Dibachi
Family Trust UDT dated 2/11/98 (the "STOCKHOLDERS"), and each of them, hereby
irrevocably (to the fullest extent permitted by law) appoint and constitute Niku
Corporation, a Delaware corporation (the "COMPANY"), the attorney and proxy of
the undersigned with full power of substitution and resubstitution, to the full
extent of the undersigned's rights with respect to all the outstanding shares of
capital stock of the Company owned of record or beneficially by the undersigned
as of the date of this proxy, which shares are specified on the final page of
this proxy (the "COMMON SHARES"). Upon the execution hereof, all prior proxies
given by the undersigned with respect to any of the Common Shares.

            This proxy is irrevocable, is coupled with an interest, is granted
pursuant to the undersigned's obligations under the Voting Agreement dated as of
November 6, 2002, between the Company and the undersigned (the "VOTING
AGREEMENT") and is granted in consideration of the Company having entered into
the Employment Agreements (as defined in the Voting Agreement) with each of
Farzad Dibachi and Rhonda Dibachi and providing the consideration specified
therein. Capitalized terms used but not defined in this irrevocable proxy have
the meanings ascribed to them in the Voting Agreement.

            The attorney and proxy named above (and its successor(s)) will be
empowered, and may exercise this irrevocable proxy, to vote the Common Shares at
any meeting of the stockholders of the Company, however called, and at every
adjournment or postponement thereof, or in connection with any solicitation of
written consents from stockholders of the Company, to vote the Common Shares (or
consent in respect of the Common Shares) in any case where the Company's Board
of Directors has made a unanimous recommendation to the Company's stockholders
to vote in favor of or against any matter presented at such meeting (or has made
a unanimous recommendation to the Company's stockholders to deliver a written
consent to any matter in respect of which written consents are solicited) in the
manner so recommended by the Company's Board of Directors (it being understood,
in the case where the Company's Board of Directors shall have changed its
recommendation in respect of such matter to the Company's stockholders, that
such vote (or consent) shall be in the manner most recently unanimously
recommended by the Company's Board of Directors).

            The undersigned acknowledges that it may not vote (or grant any
consent with respect to) the Common Shares on any matter except as specified
herein.

            Except in respect of any sale or sales of any Common Shares effected
pursuant to any public trading market for the Common Stock to a third party
unaffiliated with the Stockholders (including, without limitation, any Nasdaq
market), which shares shall no longer be deemed "Common Shares" for purposes of
this Agreement or any proxy granted pursuant hereto, this proxy shall be binding
upon the estate, executors, successors and assigns of the undersigned (including
any transferee of any of the Common Shares.

                                       6
<PAGE>
            If any provision of this proxy or any part of any such provision is
held under any circumstances to be invalid or unenforceable in any jurisdiction,
then (a) such provision or part thereof shall, with respect to such
circumstances and in such jurisdiction, be deemed amended to conform to
applicable laws so as to be valid and enforceable to the fullest possible
extent, (b) the invalidity or unenforceability of such provision or part thereof
under such circumstances and in such jurisdiction shall not affect the validity
or enforceability of such provision or part thereof under any other
circumstances or in any other jurisdiction, and (c) the invalidity or
unenforceability of such provision or part thereof shall not affect the validity
or enforceability of the remainder of such provision or the validity or
enforceability of any other provision of this proxy. Each provision of this
proxy is separable from every other provision of this proxy, and each part of
each provision of this proxy is separable from every other part of such
provision.

      This proxy shall terminate, and be of no further force and effect,
automatically upon the Expiration Date (as defined in the Voting Agreement).

[Continued on next page]

                                       7
<PAGE>
Number of shares of common stock of the Company owned of record as of the date
of this proxy, giving effect to the exercise of the Warrant in connection with
which this proxy is being delivered: 10,362,546

Dated: November 6, 2002

           /s/ Farzad Dibachi
         -------------------------
         Farzad Dibachi

           /s/ Rhonda Dibachi
         -------------------------
         Rhonda Dibachi

         The Dibachi Family Trust UDT dated 2/11/98

         By:    /s/ Farzad Dibachi
             ---------------------
         Name: Farzad Dibachi
         Title: Trustee

                                       8

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