Document:

<PAGE>

*Confidential treatment has been requested with respect to certain information
contained in this document. Confidential portions have been omitted from the
public filing and have been filed separately with the Securities and Exchange
Commission.

                                                                   EXHIBIT 10.32

                      ADVERTISING AND PROMOTION AGREEMENT

This Advertising and Promotion Agreement (the "Agreement") is entered into as of
March 8, 2000 (the "Effective Date") between Yahoo! Inc. ("Yahoo"), a Delaware
corporation with offices at 3420 Central Expressway, Santa Clara, CA 95051, and
DoveBid Incorporated ("DoveBid") a Delaware corporation with offices at 1241
East Hillsdale Blvd., Foster City, California 94404.

     In consideration of the mutual promises contained in this Agreement, Yahoo
and DoveBid hereby agree as follows:

1.   Definitions.
     -----------

          The following terms are used in this Agreement with the respective
meanings set forth below:

     "Affiliate" shall mean any company or any other entity world-wide in which
      ---------
Yahoo owns at least a twenty percent ownership, equity, or financial interest,
including, without limitation, corporations, partnerships, joint ventures, and
limited liability companies.

     "Anchor Tenant Module" means an advertising unit that conforms to the
      --------------------
specifications of the DoveBid Anchor Tenant Module.

     "Business to Business Merchant" means a company or other entity that
      -----------------------------
derives at least 50% of its revenue from the on-line sale of
industrial/commercial equipment to other businesses.

     "Co-Branded Banner" means an advertising unit designed and created by
      -----------------
Yahoo, that (a) promotes the Yahoo B2B Site; (b) contains DoveBid Brand Features
and Yahoo Brand Features and other content all subject to DoveBid's approval not
to be unreasonably withheld; (c) has dimensions no larger than 468 pixels wide
by 60 pixels high; (d) does not contain animation longer than 6 seconds; (e)
does not contain "looped" animation; (f) has a file size no greater than 15K;
and (g) permits users to navigate directly to the Yahoo B2B Site.

     "Co-Branded Button" means an advertising unit designed and created by
      -----------------
Yahoo, that (a) promotes the Yahoo B2B Site; (b) contains DoveBid Brand Features
and Yahoo Brand Features and other content all subject to DoveBid's approval not
to be unreasonably withheld; (c) has dimensions no larger than 88 pixels wide by
31 pixels high; (d) contains three lines of text each line that is no more than
16 characters in length, including spaces; (e) does not contain

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

animation; (f) has a file size no greater than 4K; and (g) permits users to
navigate directly to the Yahoo B2B Site.

     "DoveBid Anchor Tenant Module" means an advertising unit substantially
      ----------------------------
similar in form to the example set forth in Exhibit A that (a) promotes
                                            ---------
DoveBid's business to business on-line auction service; (b) contains DoveBid
Brand Features; (c) contains an image in .GIF or .JPG format that is no larger
than 170 pixels wide by 35 pixels high and has no more than 125 characters,
including spaces; (e) contains 3 bullet points then text where each line is no
more than 28 characters, including spaces; (g) does not contain animation; (h)
has a file size no greater than 4K; and (i) permits users to navigate directly
to a Page on the DoveBid Site primarily related to the on-line purchase of the
industrial/commerical equipment promoted in the DoveBid Anchor Tenant Module.

     "DoveBid Banner" means an advertising unit designed and created by DoveBid,
      --------------
subject to Yahoo's approval not to be unreasonably withheld, that (a) promotes
the on-line sale of industrial/commercial equipment by DoveBid; (b) contains
DoveBid Brand Features; (c) has dimensions no larger than 468 pixels wide by 60
pixels high; (d) does not contain animation longer than 6 seconds; (e) does not
contain "looped" animation; (f) has a file size no greater than 15K; and (g)
permits users to navigate directly to a Page on the DoveBid Site or a DoveBid
Subsidiary Site dedicated to on-line sale of industrial/commercial equipment.
For example, the keyword "agricultural machinery" must link to a Page on the
DoveBid Site or a DoveBid Subsidiary Site that will be dedicated to the online
purchase "agricultural machinery".

     "DoveBid Banner Category Pages" means those Pages identified on Exhibit B
      -----------------------------                                  ---------
provided that, Yahoo may substitute any Pages for comparable placement due to
changes in the directory or applicable Yahoo Property.  Upon written notice to
DoveBid of such changes, Exhibit B will be deemed to be so amended.
                         ---------

     "DoveBid Banner Keywords" means those keywords identified on Exhibit C of
      -----------------------                                     ----------
this Agreement; provided that, Yahoo may substitute any such keyword for a
comparable keyword that is reasonably approved by DoveBid.

     "DoveBid Banner Search Results Pages" means those pages displayed upon a
      -----------------------------------
user's search request on the Yahoo Main Site for a DoveBid Banner Keyword.  For
clarity, a search conducted within other Yahoo Properties that include special
subject matter based search engines (e.g., Yahoo Auctions, Yahoo Classifieds,
Yahoo Clubs, Yahoo News, Yahoo Shopping, Yahoo Yellow Pages) will not be
considered a search of the Yahoo Main Site for purposes of this definition.

     "DoveBid Banner Pages" means (a) the DoveBid Banner Category Pages and (b)
      --------------------
the DoveBid Banner Search Results Pages.

     "DoveBid Brand Features" means all trademarks, service marks, logos and
      ----------------------
other distinctive brand features of DoveBid that are used in or relate to its
business.

     "DoveBid Button" means an advertising unit designed and created by DoveBid,
      --------------
subject to Yahoo's approval not to be unreasonably withheld, that  (a) contains
DoveBid Brand Features; (b) has dimensions no larger than 88 pixels wide by 31
pixels high;

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       2
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(c) contains three lines of text each line that is no more than 16 characters in
length, including spaces; (d) does not contain animation; (e) has a file size no
greater than 4K; and (f) permits users to navigate directly to a Page on the
DoveBid Site or on a DoveBid Subsidiary dedicated to the on-line sale of
industrial/ commercial equipment. For example, the keyword "agricultural
machinery" must link to a page on DoveBid's Site or a DoveBid Subsidiary Site
that will be dedicated to the online purchase "agricultural machinery".

     "DoveBid Button Category Pages" means those Pages identified on Exhibit B
      -----------------------------                                  ---------
provided that, Yahoo may substitute any Pages for comparable placement due to
changes in the directory or applicable Yahoo Property.  Upon written notice to
DoveBid of such changes, Exhibit B will be deemed to be so amended.
                         ---------

     "DoveBid Button Keywords" means those keywords identified on Exhibit D of
      -----------------------                                     ----------
this Agreement; provided that, Yahoo may substitute any such keyword for a
comparable keyword that is reasonably approved by DoveBid.

     "DoveBid Button Pages" means (a) the DoveBid Button Category Pages and (b)
      --------------------
the DoveBid Button Search Results Pages.

     "DoveBid Button Search Results Pages" means those pages displayed upon a
      -----------------------------------
user's search request on the Yahoo Main Site for a DoveBid Button Keyword.  For
clarity, a search conducted within other Yahoo Properties that include special
subject matter based search engines (e.g., Yahoo Auctions, Yahoo Classifieds,
Yahoo Clubs, Yahoo News, Yahoo Shopping, Yahoo Yellow Pages) will not be
considered a search of the Yahoo Main Site for purposes of this definition.

     "DoveBid Content" means all listings data included on the DoveBid Site or
      ---------------
any DoveBid Subsidiary Site, including, without limitation, product names,
product descriptions, quantity, shipping information, images, manufacturer
and/or distributor names, price information, and URLs.

     "DoveBid E-Mail Message" means an electronic mail message that (a) promotes
      ----------------------
the on-line sale of industrial/commercial equipment by DoveBid; (b) conforms to
Yahoo Delivers' then current guidelines; (c) is a single HTML message that does
not exceed 425 pixels in width, which Yahoo will enclose within a table and
place between the required header and footer information; (d) contains no more
than 28 lines of text with no more than 68 characters per line and a maximum of
6 URLs, (e) consists of HTML code that is free of errors and passes the weblint
validation checker or a similar validation process; (f) has a total file size,
including HTML code and graphics, no larger than 30K; (g) does not contain more
than six images, (h) does not contain animation longer than 6 seconds; (i) does
not contain "looped" animation; (i) does not contain Java, JavaScript, frames,
ActiveX or dynamic HTML; (j) does not have body background image or color,
except that colored tables may be used to simulate a background color; (k)
addresses users as Yahoo Delivers members (e.g., "An exclusive offer for Yahoo!
Delivers members."); (l) has a subject line that contains no more than 45
characters, including spaces, and substantially conforms to the following
format:  "Yahoo! Delivers: A Special Offer from DoveBid."; and (m) permits users
to navigate directly to a Page on the DoveBid Site or

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       3
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DoveBid Subsidiary Site dedicated to the on-line purchase of
industrial/commercial equipment promoted in the DoveBid E-Mail Message.

     "DoveBid Link" means any Link placed by Yahoo under this Agreement,
      ------------
including but not limited to the DoveBid Banner, the DoveBid Button, the DoveBid
E-Mail Message, Yahoo Mail Logout Button, Yahoo Mail Welcome Button and the
DoveBid Anchor Tenant Module.

     "DoveBid Site" means the Web site owned or operated on behalf of DoveBid
      ------------
dedicated to business to business on-line auction service and is currently
located at http://www.dovebid.com.

     "DoveBid Subsidiary" means an entity wholly owned by DoveBid dedicated to
      ------------------
business to business on-line auction services.

     "DoveBid Subsidiary Site" means the Web site owned or operated on behalf of
      -----------------------
a DoveBid Subsidiary to which a user is directed from a DoveBid Link and that is
dedicated to business to business on-line auction services.

     "Front Page Promotion" means a link that (i) has dimensions no greater than
      --------------------
230 pixels wide by 33 pixels tall, (ii) does not contain "looped" animation,
(iii) does not have any animation longer than 6 seconds, (iv) promotes DoveBid's
business to business auction services, (v) has a file size no greater than 3K,
(vi) contains DoveBid Brand Features on banners and jump page, and (vii) links
directly to a jump page on Yahoo or the DoveBid Site [or DoveBid  Subsidiary
Site mutually approved by the parties, where a prominent, above the fold image
relevant to the promotion, measuring no less than 280,080 pixels, is displayed
and (viii) contains a sweepstakes with a price value of $10,000 or more.

     "FTC Order" means that certain "Decision and Consent Order" issued by the
      ---------
U.S. Federal Trade Commission on February 5, 1999 against GeoCities, Inc., a
California corporation acquired by Yahoo, attached hereto as Exhibit G and any
                                                             ---------
and all subsequent or related official materials, regulations, laws, judgments
or orders.

     "Launch Date" means the date that the Yahoo B2B Site is publicly available
      -----------
and the DoveBid Anchor Tenant Module is placed on the front Page of the Yahoo
B2B Site in accordance with the terms of this Agreement, except that in the
event of any failure or delay on the part of DoveBid, the Launch Date will be
deemed the date that the Yahoo B2B Site is otherwise functional and available to
the public.

     "Link" or "link" means a visible graphic or textual indicator located
      ----      ----
within a Page that permits a user to navigate the World Wide Web; when selected
by a user, this indicator directs the user's internet browser connection onward
to a specified Page on the same or any other Web site via a URL (whether
perceptible or not) and establishes a direct connection between the browser and
the new Page.

     "Page" means any World Wide Web page (or, for on-line media other than Web
      ----
sites, the equivalent unit of the relevant protocol).

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       4
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     "Page View" means a user's request for a Page as measured by Yahoo's
      ---------
advertising reporting system.

     "Run of Network" means banner placements in the north banner position
      --------------
across the Yahoo Properties.

     "Second Payment Date" means the date described in Section 4.2.
      -------------------

     "Term" means the period beginning on the Effective Date and continuing for
      ----
[*] from the Launch Date, unless either party terminates this Agreement in
accordance with Sections 5.6, 5.7 or 10.

     "Yahoo B2B Site" means that U.S. targeted Yahoo Property that Yahoo intends
      --------------
to develop (currently intended to be named Yahoo Marketplace) that is dedicated
to business to business commerce (currently intended to be located at
http://B2B.@Yahoo.com).

     "Yahoo Brand Features" means all trademarks, service marks, logos and other
      --------------------
distinctive brand features of Yahoo that are used in or relate to its business.

     "Yahoo Competitors" means [*] and their successors in interest, wholly-
      -----------------
owned subsidiaries, acquisitions and acquirers.

     "Yahoo Delivers" means Yahoo's U.S. targeted direct marketing program
      --------------
conducted via Yahoo Mail.

     "Yahoo Mail" means Yahoo's U.S. targeted electronic mail property,
      ----------
currently located at http://mail.yahoo.com.

     "Yahoo Mail Logout Button" means a link that contains (a) a DoveBid logo
      ------------------------
with dimensions no larger than 88 pixels wide by 31 pixels high, (b) has a file
size of no greater than 2K, (c) contains a pull down menu with a file size of no
more than 1.35K and no more than 5 options, (d) a maximum of twenty five
characters per line (including spaces), and (e) each character url may not
exceed 200 characters in each redirect url.

     "Yahoo Mail Welcome Button" means a link that contains (a) a DoveBid logo
      -------------------------
with dimensions no larger than 88 pixels wide by 31 pixels high, (b) has a file
size of no greater than 2K, (c) contains two lines of text; (d) each line of
text containing no more than twenty five characters (including spaces), and (e)
does not contain any animation.

     "Yahoo Main Site" means Yahoo's principal U.S. targeted directory to the
      ---------------
World Wide Web currently located at http://www.yahoo.com.

     "Yahoo Properties" means any Yahoo branded or co-branded media properties,
      ----------------
including but not limited to Internet guides, that are developed in whole or in
part by Yahoo or its Affiliates.

2.   DoveBid Banners, Buttons and Modules.
     ------------------------------------

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       5
<PAGE>

          2.1  Yahoo will provide the DoveBid Banner on the DoveBid Banner
               Pages, on a rotating basis until its Page View obligation under
               Section 8.1 is met.

          2.2  Yahoo will provide the DoveBid Button on the DoveBid Button
               Pages, the Yahoo Mail Logout Button on the logout page of Yahoo
               Mail, and the Yahoo Mail Welcome Button on the welcome Page of
               Yahoo Mail, all on a rotating basis until its Page View
               obligation under Section 8.1 is met.

          2.3  Yahoo will provide the DoveBid Anchor Tenant Module on the front
               Page of the Yahoo B2B Site on an [*] rotation with the [*] other
               Anchor Tenant Modules. Yahoo will also provide the DoveBid Anchor
               Tenant Module on a rotating basis on those category Pages and
               subcategory Pages of the Yahoo B2B Site set forth in Exhibit E.
                                                                    ---------
               The DoveBid Anchor Tenant Module will be placed on [*] of the
               aggregate category Pages and subcategory Pages of the Yahoo B2B
               Site. Subject to the limitations set forth in Section 8.1,
               DoveBid will have the opportunity to substitute or to request
               additional category Pages and subcategory Pages in the Yahoo B2B
               Site to maximize DoveBid's placement within those areas of the
               Yahoo B2B Site that correspond to listings that appear on
               DoveBid's online auction services business; provided that (a) the
               distribution will be fairly equivalent over every calendar
               quarter during the Term (e.g., DoveBid may not request a
               substitution or reallocation that results in moving the [*] of
               the total category and subcategory Pages to be delivered entirely
               in a future calendar quarter), and (b) all substitutions or
               additions are subject to availability and Yahoo's approval(not to
               be unreasonably withheld).

3.   DoveBid E-Mail Message.
     ----------------------

          3.1  Yahoo will deliver [*] DoveBid E-Mail Messages to those
               registered Yahoo Mail users who have indicated in their Yahoo
               Mail preferences a willingness to receive promotional offers via
               Yahoo Delivers. Yahoo will deliver the DoveBid E-Mail Message in
               accordance with Yahoo's privacy policy.

          3.2  DoveBid will provide to Yahoo all text of the DoveBid E-Mail
               Message and any other materials necessary for DoveBid to
               participate in Yahoo Delivers. Such materials will be (a) subject
               to Yahoo's approval, which will not be unreasonably withheld, and
               (b) consistent with Yahoo's policies and guidelines for such
               messages and for Yahoo Delivers generally.

4.   Promotion of the Yahoo B2B Site.
     -------------------------------

          4.1  Yahoo shall promote the Yahoo B2B Site by placing advertising
               placements created by Yahoo on certain Yahoo Properties as
               determined in Yahoo's sole discretion. Such Yahoo Properties may
               include but are not limited to the following: [*]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       6
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               The type, timing and placement of these advertising placements
               shall be at Yahoo's reasonable discretion.

          4.2  Yahoo agrees to provide advertising placements promoting the
               Yahoo B2B Site on the front Page of Yahoo! Auctions and the front
               Page of Yahoo! Small Business. DoveBid's second payment under
               Section 9.1 will be due on the date that Yahoo places such
               promotions on those Yahoo Properties. Such date is referred to as
               the "Second Payment Date."

          4.3  Yahoo will provide Co-Branded Banners and Co-Branded Buttons on a
               rotating basis across the Yahoo Properties. The number of Page
               Views of such Co-Branded Banners and Co-Branded Buttons will be
               mutually determined by the parties but will be equivalent to [*]
               in advertising value. The manner, timing and placement of such
               Co-Branded Banners and Co-Branded Buttons shall be determined by
               Yahoo and reasonably approved by DoveBid.

          4.4  Yahoo will provide Front Page Promotion to be scheduled on dates
               mutually agreed to by the parties. All Front Page Promotions are
               subject to availability and Yahoo standard terms for Front Page
               Promotions.

5.   Implementation of DoveBid Links.
     -------------------------------

          5.1  Yahoo will be solely responsible for the user interface and
               placement of the DoveBid Links on the Yahoo Properties, except
               that Yahoo agrees that the DoveBid Banner and DoveBid Button will
               appear in a manner substantially similar to the examples set
               forth in Exhibit J. DoveBid will be solely responsible for and
                        ---------
               will provide Yahoo with all text, artwork and design elements of
               the DoveBid Links.

          5.2  Yahoo reserves the right, at any time, to redesign or modify: (i)
               the organization, structure, specifications, "look and feel,"
               navigation, guidelines and other elements of the Yahoo Properties
               on which a DoveBid Link is placed; or (ii) the Yahoo B2B Site and
               the layout of the DoveBid Content. If any such redesign or
               modification materially and adversely affects in any manner the
               nature of the distribution, promotions, and/or placements
               required under this Agreement (including without limitation any
               DoveBid Link or DoveBid Content), Yahoo will notify DoveBid and
               will work with DoveBid in good faith to provide DoveBid, as its
               sole remedy, with comparable distribution, promotions and/or
               placements on the Yahoo Properties which will be subject to
               DoveBid's reasonable approval.

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       7
<PAGE>

          5.3  DoveBid will provide to Yahoo all URLs, URL formats (as
               applicable), content and other materials necessary for Yahoo to
               provide the DoveBid Links in accordance with the specifications
               set forth in this Agreement and Yahoo's standard advertising
               guidelines, currently located at
               http://docs.yahoo.com/docs/advertising/ (the "DoveBid
                                                             -------
               Deliverables"). All content and material contained in the DoveBid
               ------------
               Links are subject to Yahoo's approval (which shall not be
               unreasonably withheld) and must comply with all applicable
               federal, state and local laws, rules and regulations, including
               but not limited to consumer protection laws and rules and
               regulations governing product claims, truth in labeling and false
               advertising.

          5.4  In no event will the first Page on the DoveBid Site or on a
               DoveBid Subsidiary Site contain graphic or text links,
               advertisements or promotions of any Yahoo Competitors. This
               restriction does not apply to (a) Yahoo Competitors that may
               appear as [*] the [*] by [*] or (b) any [*], [*] and [*] made
               available by Yahoo Competitors that are [*] as a [*] in the [*].

          5.5  DoveBid will place a Yahoo graphic link on those Pages of the
               DoveBid Site or the DoveBid Subsidiary Site to which Yahoo users
               click through directly from any DoveBid Anchor Tenant Module,
               DoveBid Button, Yahoo Welcome or Yahoo Logout Button. DoveBid
               will also use its best efforts to include a Yahoo graphic link on
               any page to which users click through directly from any other
               DoveBid Link placed by Yahoo under this Agreement. The Yahoo
               graphic link will (a) be placed in a manner approved by Yahoo (b)
               contain the Yahoo name and logo as provided by Yahoo and (c)
               directly link the user back to a page designated by Yahoo.

          5.6  DoveBid will design and operate the DoveBid Site and each DoveBid
               Subsidiary Site to (a) handle [*] simultaneous requests; (b) have
               a minimum [*] uptime and maximum [*] downtime per calendar
               quarter of the Term (except for planned downtime that may be
               required for system enhancements, upgrades or preventative
               maintenance); and (c) ensure that data transfers from the DoveBid
               Site to the Yahoo Properties initiate within less than [*], on
               average, of request. DoveBid will provide customer service
               support for all inquiries regarding the services offered on the
               DoveBid Site. DoveBid will provide the following customer service
               information on the DoveBid Site in a manner mutually agreed to by
               the parties: (i) an email address and other contact information,
               and (ii) information/guidelines on DoveBid's policy regarding
               disputes. DoveBid agrees that: [*] of all customer care requests
               will receive responses within [*] hours. The criteria set forth
               in the preceding three sentences will be referred to hereinafter
               as the "DoveBid Performance Criteria".) Without limitation, if
                       ----------------------------
               DoveBid fails to meet any of the DoveBid Performance Criteria in
               any material respect, Yahoo will have the right to terminate the
               Agreement if DoveBid does not cure such failure

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       8
<PAGE>

               within [*] days following written notice thereof to DoveBid. In
               the event of such termination, DoveBid will not be required to
               make any further payments to Yahoo (other than to make any
               payments accrued and not paid (including revenue share payments)
               through the date of termination).

          5.7  Yahoo will design and operate the Yahoo B2B Site to (a) handle
               [*] simultaneous requests; (b) have a minimum [*] uptime and
               maximum [*] downtime per calendar quarter of the Term (except for
               planned downtime that may be required for system enhancements,
               upgrades or preventative maintenance); and (c) ensure that data
               transfers from the Yahoo B2B Site to the DoveBid Site or any
               DoveBid Subsidiary Site initiate within less than [*], on
               average, of request. Without limitation, if Yahoo fails to meet
               any of the above criteria in any material respect, DoveBid will
               have the right to terminate the Agreement if Yahoo does not cure
               such failure within [*] days following written notice thereof to
               Yahoo. In the event of such termination, DoveBid will not be
               required to make any further payments to Yahoo (other than to
               make any payments accrued and not paid (including revenue share
               payments) through the date of termination).

6.   Licenses; Display of DoveBid Content; Ownership
     -----------------------------------------------

     6.1  By DoveBid.
          ----------

               (a)  DoveBid Content.
                    ---------------

                    DoveBid hereby grants to Yahoo a non-exclusive, worldwide,
                    royalty-free license to use, reproduce, distribute, display,
                    modify and transmit the DoveBid Content via the Internet and
                    third party networks (including, without limitation,
                    telephone and wireless networks) in connection with the
                    Yahoo B2B Site and other Yahoo Properties and to permit
                    users to download and print such DoveBid Content. Yahoo may
                    modify the DoveBid Content only to the extent necessary to
                    fit the format and look and feel of the Yahoo Properties
                    (which may include displaying a subset of DoveBid Content on
                    a Yahoo Property as "teaser content") but shall not modify
                    the content of any listings data. Yahoo shall be entitled to
                    sublicense the rights set forth in this Section 6.1 only (i)
                    to Affiliates only for inclusion in Yahoo Properties, and
                    (ii) in connection with distribution arrangements of a Yahoo
                    Property (e.g., a co-branded My Yahoo property).

                    (b)  DoveBid Links.  During the Term, DoveBid hereby
                         -------------
                         grants to Yahoo a non-exclusive, worldwide, royalty-
                         free license to use, reproduce, distribute, and display
                         the DoveBid Brand Features (1) to indicate the location
                         of the DoveBid Links as set forth herein and (2) in
                         connection with the marketing and promotion of DoveBid
                         in the Yahoo Properties; provided, in all cases, that
                         such use is in accordance with

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       9
<PAGE>

                         DoveBid's then-current standard trademark usage
                         guidelines set forth in Exhibit K. Yahoo shall not
                                                 ---------
                         modify the DoveBid Brand Features without DoveBid's
                         prior written approval. Yahoo hereby assigns to DoveBid
                         all right, title and interest in the DoveBid Brand
                         Features, together with the goodwill attaching thereto,
                         that may inure to it in connection with this Agreement
                         or from its use of the DoveBid Brand Features
                         hereunder.

          6.2  By Yahoo.  During the Term, Yahoo hereby grants to DoveBid a
               --------
               non-exclusive, worldwide, fully paid license to use, reproduce
               and display the Yahoo Brand Features as described in Section 5.5
               above; provided, in all cases, that such use is in accordance
               with Yahoo's then-current standard trademark usage guidelines set
               forth in Exhibit K. DoveBid shall not modify the Yahoo Brand
               Features without Yahoo's prior written approval. DoveBid hereby
               assigns to Yahoo all right, title and interest in the Yahoo Brand
               Features, together with the goodwill attaching thereto, that may
               inure to it in connection with this Agreement or from its use of
               the Yahoo Brand Features hereunder.

          6.3  Display of DoveBid Content.  DoveBid shall provide a feed to
               --------------------------
               Yahoo of the DoveBid Content in accordance with the
               specifications to be mutually agreed upon by the parties. Yahoo
               will display the DoveBid Content on the Yahoo B2B Site in a
               manner substantially similar to the example set forth on Exhibit
               J. Notwithstanding the foregoing, Yahoo may, at any time and in
               its sole discretion remove or not display any DoveBid Content (a)
               for technical or service related issues, (b) if Yahoo reasonably
               believes that the DoveBid Content violates any of Yahoo's
               standards for acceptable listings (which for purposes of this
               Agreement will be deemed to be the "Sellers Rules" for listings
               on Yahoo Auctions currently located at
               http://help.yahoo.com/help/us/auct/asell/asell-21.html), (c) is
               reasonably believed by Yahoo to be, the subject of any claim or
               lawsuit of any kind, including without limitation any claim or
               allegation that any DoveBid Content violates, infringes, or
               otherwise misappropriates the rights of any third party, or (d)
               that Yahoo is requested or required to remove by any government
               agency, order of a court or administrative body of competent
               jurisdiction. Yahoo will use reasonable commercial efforts to
               notify DoveBid in writing in the event that it exercises its
               rights not to display or remove any DoveBid Content.

          6.4  As between DoveBid and Yahoo, DoveBid will retain all right,
               title and interest in and to the DoveBid Site and the DoveBid
               Subsidiary Sites, and related DoveBid technology, the DoveBid
               Content and DoveBid Brand Features including but not limited to
               all intellectual property rights therein. As between Yahoo and
               DoveBid, Yahoo will retain all right, title and interest in and
               to the Yahoo Properties and related technology, and Yahoo Brand
               Features, including but not limited to all intellectual property
               rights therein.

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       10
<PAGE>

7.   Limited Exclusivity.
     -------------------

          7.1  During the Term, Yahoo will place no more than [*] Anchor Tenant
               Modules promoting Business to Business Merchants on the front
               Page of the Yahoo B2B Site. Yahoo reserves the right to divide
               one of the Anchor Tenant Module positions on the front Page of
               the Yahoo B2B Site among up to [*] other merchants. In addition,
               in accordance with Section 2.3 hereof, Yahoo will place the
               DoveBid Anchor Tenant Module on a non-exclusive basis on [*] of
               the category and subcategory Pages of the Yahoo B2B Site.

          7.2  DoveBid acknowledges and agrees that, except for the limited
               exclusivity provision of Section 7.1, Yahoo may place any
               advertising units for or otherwise promote any entity, including
               but not limited to other Business to Business Merchants, on any
               Page within the Yahoo Properties. Yahoo shall also not be
               restricted in any manner from incorporating editorial content
               from any entity, including but not limited to, other Business to
               Business Merchants.

          7.3  During the Term, Yahoo will not make an [*] in [*] or [*] or
               place any banner advertisements or buttons on the Yahoo
               Properties that are [*] with the Yahoo Brand Features and the
               brand features of [*] or [*]. The foregoing restriction will not
               apply to additional sites acquired by Yahoo and added to the
               Yahoo Properties to the extent that such additional sites had a
               preexisting [*] or co-branded banner or button relationship with
               [*] or [*].

8.   Page Views.
     ----------

          8.1  Yahoo expressly acknowledges its obligation under this Agreement
               to furnish DoveBid with advertising and other promotions valued
               in the aggregate at [*] based on a discount of [*] off of Yahoo's
               year 2000 advertising rate card. The parties acknowledge that
               based on the amount of such consideration to be paid by DoveBid,
               Yahoo will deliver a minimum of [*] Page Views with a preliminary
               target distribution of such Page Views as set forth below (the
               "Preliminary Targets"). Yahoo will use commercially reasonable
                -------------------
               efforts to deliver these Page Views as set forth below, but
               Yahoo's Page View obligation is with respect to the program as a
               whole. Yahoo will not be in breach of this Agreement for failure
               to deliver the specific number of Page Views in any of the
               following areas.

          .    [*] DoveBid Banner Pages

          .    [*] DoveBid Button Pages

          .    [*] DoveBid Email Messages

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       11
<PAGE>

          .  [*] Page Views of Front Page Promotions

          .  [*] DoveBid Banner Advertisements placed on Run of Network

     Notwithstanding the foregoing, Yahoo expressly acknowledges that it is the
     intent and desire of the parties to mutually track the efficacy of the
     advertising and promotions to be provided by Yahoo hereunder and to make
     adjustments to the Preliminary Targets for the distribution and types of
     promotions in a manner consistent with the parties' overall business goals
     for this Agreement.  Accordingly, DoveBid will have the right, once each
     calendar month during the Term to request adjustments to the Preliminary
     Targets; provided that all adjusted "Preliminary Targets" (a) will be
     valued at [*] rates in [*] to the [*] available on [*]; (b) will not exceed
     a total value of [*]; (c) will be placed subject to availability and
     Yahoo's prior approval and on a schedule to be mutually agreed upon by the
     parties; and (d) are subject to the "make good" provisions set forth in
     Section 8.2 below.

          8.2  In the event that Yahoo fails to deliver the number of Page Views
               or emails set forth in Section 8.1 (as reduced by any proration
               under Section 8.3) before the expiration of the Term, Yahoo will
               "make good" the shortfall by extending its obligations under
               Sections 2 and 3 in the areas set forth therein (or similar
               inventory mutually agreed upon by the parties) beyond the end of
               the Term until such Page View obligation is satisfied. Yahoo will
               use commercially reasonable efforts to make good any undelivered
               Page Views or emails within three months (but in any event will
               "make good" the shortfall within six months) from the end of the
               Term. The provisions of this Section 8.2 set forth the entire
               liability of Yahoo, and DoveBid's sole remedy, for Yahoo's
               failure to meet its Page View obligation set forth in Section
               8.1.

          8.3  In the event that DoveBid fails to (a) provide Yahoo, at least
               [*] business day prior to the scheduled activation date of any
               DoveBid Link with the DoveBid Deliverables necessary for Yahoo to
               activate such DoveBid Link; or (b) design and operate the DoveBid
               Site or a DoveBid Subsidiary Site in accordance with Section 5.6,
               then (1) the number of Page Views set forth in Section 8.1 will
               be prorated on a daily basis until DoveBid remedies such failure
               (e.g., if Yahoo committed to deliver [*] Page Views over a one
               (1) year period and DoveBid provided Yahoo with the DoveBid
               Deliverables 15 days after the DoveBid Deliverables Due Date,
               then Yahoo's Page View obligation would be reduced by [*] Page
               Views) and (2) all payments made or due hereunder will be
               converted to a non-refundable, non-creditable holding fee for
               making the advertising inventory available to DoveBid.

          8.4  Yahoo will provide DoveBid with access to an electronic database,
               the accuracy of which is periodically reviewed and certified by
               Ernst & Young, LLP or a similarly reputable and independent
               entity, that describes Yahoo's calculation of the Page Views
               delivered during the Term.

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       12
<PAGE>

9.   Compensation.
     ------------

          9.1  Slotting Fee.  In consideration of Yahoo's performance and
               ------------
               obligations as set forth herein, DoveBid will pay to Yahoo a non-
               refundable (except as expressly set forth in Section 10.3) non-
               creditable slotting fee equal to [*]. DoveBid will pay such fee
               to Yahoo on or before the dates set forth below, with the first
               payment of [*] designated as a set up fee for the design,
               consultation, development and implementation of the DoveBid
               Links.

          Payment                       Date
          -------                       ----

          [*]       upon execution of the Agreement, which shall be designated
                    as a set-up fee for the design, consultation, development
                    and implementation of the DoveBid Links;

          [*]       on the Second Payment Date; and

          [*]       for three quarterly payments payable in 90 day intervals;
                    with the first payment due 90 days after the Second Payment
                    Date.

          9.2  Revenue Share:  In addition to the compensation described above,
               --------------
               DoveBid will, each calendar quarter during the Term, purchase an
               additional amount of advertising in the form of Co-Branded
               Banners or Co-Branded Buttons in an amount equal to [*] of the
               Gross Commissions earned by DoveBid on all sales that originate
               from users that click-through from any DoveBid Link. "Gross
               Commissions" means the transaction fee amount that is collected
               by DoveBid or a DoveBid Subsidiary on auction or retail sales on
               the DoveBid Site or any DoveBid Subsidiary Site. If DoveBid owns
               the asset, then "Gross Commissions" means the imputed transaction
               fee that would have been collected by DoveBid if DoveBid had
               charged its standard commission rate on the value of the asset
               sold. Payments will be made quarterly by DoveBid to Yahoo within
               [*] days following the last day of each calendar quarter. DoveBid
               will provide to Yahoo quarterly reports certified by an officer
               of DoveBid that describes in sufficient detail the number of
               transactions completed, the gross revenue resulting from those
               transactions, and the calculation of the Gross Commission. Yahoo
               will provide Page Views of Co-Branded Buttons or Co-Branded
               Banners in accordance with Yahoo's standard advertising rates in
               effect at the time.

          9.3  Audit Rights.  DoveBid will maintain materially complete and
               ------------
               accurate records in accordance with generally accepted methods of
               accounting for revenue share transactions described in Section
               9.2 above and will allow Yahoo, at its own expense, to direct an
               independent certified public

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       13
<PAGE>

               accounting firm to inspect and audit such records during normal
               business hours with written notice to DoveBid. Such inspections
               and audits will be limited to one time in any twelve (12) month
               period and all of DoveBid's records (and any other information
               disclosed by DoveBid in connection with such audit) will be
               deemed to be DoveBid Confidential Information, subject to the
               terms and conditions of Section 11.3 hereof. In the event that
               any audit reveals an underpayment of more than ten percent (10%),
               DoveBid will pay the reasonable cost of such audit.

          9.4  Payment Information.  Except as otherwise expressly set forth
               -------------------
               in this Agreement, all payments herein are non-refundable and
               non-creditable and will be made by DoveBid via wire transfer into
               Yahoo's main account according to the wire transfer instructions
               set forth in Exhibit F.
                            ---------

          9.5  Late Payments.  Any portion of the above payments that has not
               -------------
               been paid to Yahoo on the dates set forth above will bear
               interest at the greater of (a) 1% per month or (b) the maximum
               amount allowed by law. Notwithstanding the foregoing, any failure
               by DoveBid to make the payments specified in Sections 9.1 and 9.2
               on the dates set forth therein constitutes a material breach of
               this Agreement.

          9.6  Warrant.  DoveBid will issue to Yahoo a Warrant in the form
               -------
               attached hereto as Exhibit I on the Effective Date of this
                                  ---------
               Agreement.

10.  Term and Termination.
     --------------------

          10.1 Term.  This Agreement will commence upon the Effective Date and,
               ----
               unless terminated as provided herein, will remain in effect for
               the Term.

          10.2 Right of [*].  In the event that Yahoo, in its sole discretion,
               ------------
               elects to [*] advertising and promotion program described in this
               Agreement [*], Yahoo will provide written notice to DoveBid at
               least [*] days [*] to the [*]. Yahoo will describe its reasonable
               [*] for such [*] in its written notice to DoveBid. If DoveBid
               declines to commence [*] with Yahoo regarding such [*] within [*]
               days after receiving such written notice from Yahoo, or if the
               parties fail to reach agreement within [*] days following the
               commencement of [*], or such later date as is agreed by the
               parties, Yahoo may [*] to [*]

          10.3 Termination by DoveBid.  If the Yahoo B2B Site does not launch
               ----------------------
               by [*], then DoveBid will have the right to terminate the
               Agreement with thirty (30) days written notice to Yahoo (unless
               the Yahoo B2B Site launches within the thirty (30) day notice
               period). In the event of such termination by DoveBid, DoveBid
               will receive a pro-rata refund of the initial [*] payment less
               the value of the advertising placed by Yahoo promoting the
               DoveBid Site (or a DoveBid Subsidiary Site) delivered prior to
               the date of termination. The value of the advertising will be
               determined by Yahoo's

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       14
<PAGE>

               current advertising rate card. Upon the effective date of such a
               termination by DoveBid, the Warrant described in Section 9.6 will
               be cancelled if it has not already been exercised by Yahoo.
               DoveBid agrees that except for the foregoing right to terminate
               and obtain a pro-rata refund, Yahoo will not be liable for any
               failure or delay to launch the Yahoo B2B Site. Notwithstanding
               the foregoing, DoveBid will not have the right to terminate or
               receive a pro-rata refund of any amounts paid if the Launch Date
               is delayed by any failure of DoveBid including, without
               limitation, any failure or delay in providing Yahoo with any of
               the DoveBid Deliverables. In the event of any failure or delay on
               the part of DoveBid, the Launch Date will be deemed to be the
               date that the Yahoo B2B Site is otherwise functional and
               available to the public.

               In addition, in the event that the Launch Date does not occur by
               [*] and DoveBid does not exercise its right to terminate the
               Agreement as described in Section 10.3 above, then the parties
               will discuss and mutually agree upon a revised compensation
               schedule to include payment to Yahoo for the advertising
               placements.  If the parties cannot mutually agree upon a revised
               compensation schedule, then Yahoo will have the right to
               terminate the Agreement without further obligation or liability
               to DoveBid.

          10.4 Termination by Either Party with Cause.  This Agreement may be
               --------------------------------------
               terminated at any time by either party (a) immediately upon
               written notice if the other party (1) becomes insolvent; (2)
               files a petition in bankruptcy; or (3) makes an assignment for
               the benefit of its creditors; or (b) 30 days after written notice
               to the other party of such other party's breach of any of its
               obligations under this Agreement in any material respect (10 days
               in the case of a failure to pay), which breach is not remedied
               within such notice period.

          10.5 Survival.  The provisions of Sections 1, 6.4, 8.2, 11, 12, 13,
               --------
               15 and this 10.5 will survive expiration or termination of this
               Agreement, except that DoveBid's payment obligations set forth in
               Section 9 will not survive a proper termination of this Agreement
               by DoveBid in accordance with Sections 10.3 or 10.4.

11.  Confidential Information and Publicity.
     --------------------------------------

          11.1 Terms and Conditions.  The terms and conditions of this
               --------------------
               Agreement will be considered confidential and will not be
               disclosed to any third parties except to such party's
               accountants, attorneys or except as otherwise required by law.
               Neither party will make any public announcement regarding the
               existence of this Agreement without the other party's prior
               written approval and consent. If this Agreement or any of its
               terms must be disclosed under any law, rule or regulation (e.g.,
               as part of a filing with the United States Securities and
               Exchange Commission), excluding an order or other discovery
               request issued by a court of competent

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       15
<PAGE>

               jurisdiction, the disclosing party will (a) give written notice
               of the intended disclosure to the other party at least 5 days in
               advance of the date of disclosure; (b) redact portions of this
               Agreement to the fullest extent permitted under any applicable
               laws, rules and regulations; and (c) submit a request, to be
               agreed upon by the other party, that such portions and other
               provisions of this Agreement requested by the other party receive
               confidential treatment under the laws, rules and regulations of
               the body or tribunal to which disclosure is being made or
               otherwise be held in the strictest confidence to the fullest
               extent permitted under the laws, rules or regulations of any
               other applicable governing body. Upon execution of this
               Agreement, DoveBid will provide Yahoo with its proposed
               redactions of this Agreement to be disclosed as part of its S-1
               filing. Notwithstanding the provisions of subsection (a) above,
               Yahoo will have 3 days prior to the date of the disclosure of the
               S-1.

          11.2 Publicity.  Any and all publicity relating to this Agreement and
               ---------
               subsequent transactions between Yahoo and DoveBid and the method
               of its release will be approved in advance of the release, in
               writing, by both Yahoo and DoveBid.

          11.3 Nondisclosure Agreement.  Yahoo and DoveBid acknowledge and
               -----------------------
               agree that the terms of the Mutual Nondisclosure Agreement
               attached hereto as Exhibit H will be incorporated by reference
                                  ---------
               and made a part of this Agreement, and will govern the use and
               disclosure of confidential information and all discussions
               pertaining to or leading to this Agreement.

          11.4 User Data.  All information and data provided to Yahoo by users
               ---------
               of the Yahoo Properties or otherwise collected by Yahoo relating
               to user activity on the Yahoo Properties will be retained by and
               owned solely by Yahoo. All information and data provided to
               DoveBid on the DoveBid Site or DoveBid Subsidiary Site otherwise
               collected by DoveBid relating to user activity on the DoveBid
               Site or DoveBid Subsidiary Site will be retained by and owned
               solely by DoveBid. Each party agrees to use information and data
               provided to it by a user only as disclosed to and authorized by
               that user and will not disclose, sell, license or otherwise
               transfer this information to any third party or use this
               information for the transmission of "junk mail," "spam" or any
               other unsolicited mass distribution of information.

          11.5 Privacy of User Information.  DoveBid will (a) ensure that all
               ---------------------------
               information provided by users of the DoveBid Site is maintained,
               accessed and transmitted in a secure environment and in
               compliance with industry standard security specifications; and
               (b) provide a link to its privacy policy regarding the protection
               of user data on those Pages of the DoveBid Site where the user is
               requested to provide personal or financial information. Further,
               DoveBid represents and warrants that it has reviewed the FTC
               Order and will not engage in any conduct that would cause Yahoo
               to violate the FTC Order. DoveBid agrees to follow and comply
               with all

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       16
<PAGE>

               reasonable instructions and directions of Yahoo to ensure Yahoo's
               compliance with the FTC Order.

12.  Indemnification.
     ---------------

          12.1 By DoveBid.  DoveBid, at its own expense, will indemnify,
               ----------
               defend and hold harmless Yahoo and its employees,
               representatives, agents and affiliates from and against any
               claim, demand, action or other proceeding brought by any third
               party against Yahoo to the extent that such claim, demand, action
               or other proceeding is based on, or arises out of a claim that
               any DoveBid Content, DoveBid Brand Feature, any material, product
               or service produced, distributed, offered or sold by DoveBid, or
               any material presented on the DoveBid Site or a DoveBid
               Subsidiary Site (1) infringes in any manner any copyright,
               patent, trademark, trade secret or any other intellectual
               property right of any third party; (2) is or contains any
               material or information that is obscene, defamatory, libelous,
               slanderous or that violates any law or regulation; (3) violates
               any rights of any person or entity, including but not limited to
               rights of publicity, privacy or personality; (4) has resulted in
               any consumer fraud, product liability, tort, breach of contract,
               injury, damage or harm of any kind to any third party; or (5) is
               subject to any fees, royalties, licenses or any other payments to
               any third party; provided, however, that in any such case (A)
               Yahoo provides DoveBid with prompt notice of any such claim; (B)
               Yahoo permits DoveBid to assume and control the defense of such
               action upon DoveBid's written notice to Yahoo of its intention to
               indemnify; and (C) upon DoveBid's written request, and at no
               expense to Yahoo, Yahoo will provide to DoveBid all available
               information and assistance reasonably necessary for DoveBid to
               defend such claim. DoveBid will not enter into any settlement or
               compromise of any such claim, which settlement or compromise
               would result in any liability to Yahoo, without Yahoo's prior
               written consent, which will not unreasonably be withheld. DoveBid
               will pay any and all costs, damages, and expenses, including, but
               not limited to, reasonable attorneys' fees and costs awarded
               against or otherwise incurred by Yahoo in connection with or
               arising from any such claim, suit, action or proceeding.

          12.2 By Yahoo.  Yahoo, at its own expense, will indemnify, defend and
               --------
               hold harmless DoveBid and its employees, representatives, agents
               and affiliates from and against any claim, demand, action or
               other proceeding brought by any third party against DoveBid to
               the extent that such claim, demand, action or other proceeding is
               based on, or arises out of, a claim that any Yahoo Brand Feature
               (1) infringes in any manner any copyright, patent, trademark,
               trade secret or any other intellectual property right of any
               third party or (2) is subject to any fees, royalties, licenses or
               any other payments to any third party; provided, however, that in
               any such case (1) DoveBid provides Yahoo with prompt written
               notice of any such claim; (2) DoveBid permits Yahoo to assume and
               control the defense of such

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       17
<PAGE>

               action or proceeding upon Yahoo's written notice to DoveBid of
               its intention to indemnify; and (3) upon Yahoo's written request,
               and at no expense to DoveBid, DoveBid will provide Yahoo with all
               available information and assistance reasonably necessary for
               Yahoo to defend such claim. Yahoo will not enter into any
               settlement or compromise of any such claim, which settlement or
               compromise would result in any liability to DoveBid, without
               DoveBid's prior written consent, which will not be unreasonably
               withheld. Yahoo will pay any and all costs, damages and expenses,
               including but not limited to reasonable attorneys' fees and costs
               awarded against or otherwise incurred by DoveBid in connection
               with or arising from any such claim, demand, action or other
               proceeding.

13.  Limitation of Liability.
     -----------------------

          EXCEPT AS PROVIDED IN SECTION 12, UNDER NO CIRCUMSTANCES WILL DOVEBID,
          YAHOO OR ANY AFFILIATE OF EITHER PARTY BE LIABLE TO THE OTHER PARTY
          FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES
          ARISING FROM THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO LOSS OF
          REVENUE OR ANTICIPATED PROFITS OR LOST BUSINESS, EVEN IF THAT PARTY
          HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

14.  Insurance.
     ---------

          14.1 General Commercial Liability.  DoveBid will maintain insurance
               ----------------------------
               during the Term with a carrier that is reasonably acceptable to
               Yahoo and with coverage for commercial general liability and
               errors and omissions of at least [*] dollars per occurrence.
               DoveBid will name Yahoo as an additional insured on such
               insurance and will provide evidence of such insurance to Yahoo
               within 10 days after the Effective Date. Such insurance policy
               will not be cancelled or modified in a manner inconsistent with
               this provision without Yahoo's prior written consent. Yahoo will
               maintain insurance during the Term with a carrier that is
               reasonably acceptable to DoveBid and with coverage for commercial
               general liability and errors and omissions of at least $1 million
               dollars per occurrence.

15.  General Provisions.
     ------------------

          15.1 Independent Contractors.  It is the intention of Yahoo and
               -----------------------
               DoveBid that Yahoo and DoveBid are, and will be deemed to be,
               independent contractors with respect to the subject matter of
               this Agreement, and nothing contained in this Agreement will be
               deemed or construed in any manner whatsoever as creating any
               partnership, joint venture, employment, agency, fiduciary or
               other similar relationship between Yahoo and DoveBid.

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       18
<PAGE>

          15.2 Entire Agreement.  This Agreement, together with all Exhibits
               ----------------
               hereto, represents the entire agreement between Yahoo and DoveBid
               with respect to the subject matter hereof and thereof and will
               supersede all prior agreements and communications of the parties,
               oral or written, including without limitation the Letter of
               Intent executed on or about February 22, 2000 between Yahoo and
               DoveBid.

          15.3 Amendment and Waiver.  No amendment to, or waiver of, any
               --------------------
               provision of this Agreement will be effective unless in writing
               and signed by both parties. The waiver by any party of any breach
               or default will not constitute a waiver of any different or
               subsequent breach or default.

          15.4 Governing Law.  This Agreement will be governed by and
               -------------
               interpreted in accordance with the laws of the State of
               California without regard to the conflicts of laws principles
               thereof.

          15.5 Successors and Assigns.  Neither party will assign its rights or
               ----------------------
               obligations under this Agreement without the prior written
               consent of the other party, which will not unreasonably be
               withheld or delayed. Notwithstanding the foregoing, either party
               may assign this Agreement to an entity that acquires
               substantially all of the stock or assets of a party to this
               Agreement, except that consent will be required in the event that
               the non-assigning party reasonably determines that the assignee
               will not have sufficient capital or assets to perform its
               obligations hereunder, or that the assignee is a direct
               competitor of the non-assigning party. All terms and provisions
               of this Agreement will be binding upon and inure to the benefit
               of the parties hereto and their respective permitted transferees,
               successors and assigns.

          15.6 Force Majeure.  Neither party will be liable for failure to
               -------------
               perform or delay in performing any obligation (other than the
               payment of money) under this Agreement if such failure or delay
               is due to fire, flood, earthquake, strike, war (declared or
               undeclared), embargo, blockade, legal prohibition, governmental
               action, riot, insurrection, damage, destruction or any other
               similar cause beyond the control of such party. If such event
               continues for more than 30 days, the other party may terminate
               this Agreement without further obligation.

          15.7 Notices. All notices, requests and other communications called
               -------
               for by this agreement will be deemed to have been given
               immediately if made by facsimile or electronic mail (confirmed by
               concurrent written notice sent via overnight courier for delivery
               by the next business day), if to Yahoo at 3420 Central
               Expressway, Santa Clara, CA 95051, Fax: (408) 731-3301 Attention:
               Senior Director, Business Development (e-mail: sfigler@yahoo-
               inc.com), with a copy to its General Counsel (e-mail:
               jplace@yahoo-inc.com), and if to DoveBid at the physical or
               electronic mail address set forth on the signature page of this
               Agreement, or to such other addresses as either party specifies
               to the other. Notice by any other

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       19
<PAGE>

                 means will be deemed made when actually received by the party
                 to which notice is provided.

          15.8   Severability.  If any provision of this Agreement is held to be
                 ------------
                 invalid, illegal or unenforceable for any reason, such
                 invalidity, illegality or unenforceability will not effect any
                 other provisions of this Agreement, and this Agreement will be
                 construed as if such invalid, illegal or unenforceable
                 provision had never been contained herein.

          15.9   Sole Responsibility.  DoveBid will remain solely responsible
                 -------------------
                 for operation of the DoveBid Site, and Yahoo and its Affiliates
                 will remain solely responsible for the operation of the Yahoo
                 Properties. Each party (a) acknowledges that the DoveBid Site
                 and the Yahoo Properties may be subject to temporary shutdowns
                 due to causes beyond the operating party's reasonable control;
                 and (b) subject to the terms of this Agreement, retains sole
                 right and control over the programming, content and conduct of
                 transactions over its respective Internet-based service.

          15.10  Counterparts.  This Agreement may be executed in two
                 ------------
                 counterparts, both of which taken together will constitute a
                 single instrument. Execution and delivery of this Agreement may
                 be evidenced by facsimile transmission.

          15.11  Authority.  Each of Yahoo and DoveBid represents and warrants
                 ---------
                 negotiation and entry of this Agreement will not violate,
                 conflict with, interfere with, result in a breach of, or
                 constitute a default under any other agreement to which they
                 are a party.

          15.12  Attorneys Fees.  The prevailing party in any action to
                 --------------
                 enforce this Agreement will be entitled to reimbursement of its
                 expenses, including reasonable attorneys' fees.

                           [Signature page follows]

                                       20
<PAGE>

          This Advertising and Promotion Agreement has been executed by the duly
authorized representatives of the parties, effective as of the Effective Date.

YAHOO! INC.                               DOVEBID, INC.

By: __________________________________    By: __________________________________

Name: ________________________________    Name: ________________________________

Title: _______________________________    Title: _______________________________

                                          Attn:
                                                ________________________________

                                                ________________________________

                                                ________________________________

                                          Tel: _________________________________

                                          Fax: _________________________________

                                          email: _______________________________

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       21
<PAGE>

                                   EXHIBIT A

                             Anchor Tenant Module
                            [GRAPHIC APPEARS HERE]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                   EXHIBIT B

                         DoveBid Banner Category Pages
                         -----------------------------

                              [*]

                 DoveBid Button Category Pages
                 -----------------------------

                              [*]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                   EXHIBIT C

                            DoveBid Banner Keywords
                            -----------------------

                                      [*]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>
<PAGE>

                                   EXHIBIT D

                            DoveBid Button Keywords
                            -----------------------

                                      [*]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                   EXHIBIT E

                         Auction Module Category Pages

                                      [*]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                   EXHIBIT F

                          Wire Transfer Instructions

Yahoo's Bank Information:

Institution Name:                               Imperial Bank
Institution Address:                            Inglewood, CA
ABA:                                            122 201 444
Beneficiary Name:                               Yahoo! Inc.
Beneficiary Account Number:                     [*]

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                   EXHIBIT G

                            FTC DECISION AND ORDER

                                                                         9823015
                                                                         B251544
                           UNITED STATES OF AMERICA
                           FEDERAL TRADE COMMISSION

COMMISSIONERS:

  Robert Pitofsky, Chairman

  Sheila F. Anthony

  Mozelle W. Thompson

  Orson Swindle

                               In the Matter of
                           GEOCITIES, a corporation.
                               DOCKET NO. C-3850
                              DECISION AND ORDER

The Federal Trade Commission having initiated an investigation of certain acts
and practices of the respondent named in the caption hereof, and the respondent
having been furnished thereafter with a copy of a draft of complaint which the
Bureau of Consumer Protection proposed to present to the Commission for its
consideration and which, if issued by the Commission, would charge respondent
with violation of the Federal Trade Commission Act; and

The respondent, its attorneys, and counsel for Federal Trade Commission having
thereafter executed an agreement containing a consent order, an admission by the
respondent of all the jurisdictional facts set forth in the aforesaid draft of
complaint, a statement that the signing of said agreement is for settlement
purposes only and does not constitute an admission by respondent that the law
has been violated as alleged in such complaint, or that the facts as alleged in
such complaint, other than jurisdictional facts, are true and waivers and other
provisions as required by the Commission's Rules; and

The Commission having considered the matter and having determined that it had
reason to believe that the respondent has violated the said Act, and that
complaint should issue stating its charges in that respect, and having thereupon
accepted the executed consent agreement and placed such agreement on the public
record for a period of sixty (60) days, and having duly considered the comments
filed thereafter by interested persons pursuant to (S) 2.34 of its Rules, now in
further conformity with the procedure prescribed in (S) 2.34 of its Rules, the
Commission hereby issues its complaint, makes the following jurisdictional
findings and enters the following order:

     1. Respondent GeoCities, is a corporation organized, existing, and doing
     business under and by virtue of the laws of the State of California, with
     its office or principal place of business located at 1918 Main Street,
     Suite 300, Santa Monica, California 90405.

     2. The Federal Trade Commission has jurisdiction of the subject matter of
     this proceeding and of the respondent, and the proceeding is in the
     proceeding is in the public interest.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                     ORDER
                                  DEFINITIONS

For purposes of this order, the following definitions shall apply:

     1. "Child" or "children" shall mean a person of age twelve (12) or under.

     2. "Parents" or "parental" shall mean a legal guardian, including, but not
     limited to, a biological or adoptive parent.

     3. "Personal identifying information" shall include, but is not limited to,
     first and last name, home or other physical address (e.g., school), e-mail
     address, telephone number, or any information that identifies a specific
     individual, or any information which when tied to the above becomes
     identifiable to a specific individual.

     4. "Disclosure" or "disclosed to third party(ies)" shall mean (a) the
     release of information in personally identifiable form to any other
     individual, firm, or organization for any purpose or (b) making publicly
     available such information by any means including, but not limited to,
     public posting on or through home pages, pen pal services, e-mail services,
     message boards, or chat rooms.

     5. "Clear(ly) and prominent(ly)" shall mean in a type size and location
     that are not obscured by any distracting elements and are sufficiently
     noticeable for an ordinary consumer to read and comprehend, and in a
     typeface that contrasts with the background against which it appears.

     6. "Archived" database shall mean respondent's off-site "back-up" computer
     tapes containing member profile information and GeoCities Web site
     information.

     7. "Electronically verifiable signature" shall mean a digital signature or
     other electronic means that ensures a valid consent by requiring: (1)
     authentication (guarantee that the message has come from the person who
     claims to have sent it); (2) integrity (proof that the message contents
     have not been altered, deliberately or accidentally, during transmission);
     and (3) non-repudiation (certainty that the sender of the message cannot
     later deny sending it).

     8. "Express parental consent" shall mean a parent's affirmative agreement
     that is obtained by any of the following means: (1) a signed statement
     transmitted by postal mail or facsimile; (2) authorizing a charge to a
     credit card via a secure server; (3) e-mail accompanied by an
     electronically verifiable signature; (4) a procedure that is specifically
     authorized by statute, regulation, or guideline issued by the Commission;
     or (5) such other procedure that ensures verified parental consent and
     ensures the identity of the parent, such as the use of a reliable
     certifying authority.

     9. Unless otherwise specified, "respondent" shall mean GeoCities, its
     successors and assigns and its officers, agents, representatives, and
     employees.

     10. "Commerce" shall mean as defined in Section 4 of the Federal Trade
     Commission Act, 15 U.S.C. (S) 44.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      ii
<PAGE>

                                      I.

IT IS ORDERED that respondent, directly or through any corporation, subsidiary,
division, or other device, in connection with any online collection of personal
identifying information from consumers, in or affecting commerce, shall not make
any misrepresentation, in any manner, expressly or by implication, about its
collection or use of such information from or about consumers, including, but
not limited to, what information will be disclosed to third parties and how the
information will be used.

                                      II.

IT IS FURTHER ORDERED that respondent, directly or through any corporation,
subsidiary, division, or other device, in connection with any online collection
of personal identifying information from consumers, in or affecting commerce,
shall not misrepresent, in any manner, expressly or by implication, the identity
of the party collecting any such information or the sponsorship of any activity
on its Web site.

                                     III.

IT IS FURTHER ORDERED that respondent, directly or through any corporation,
subsidiary, division, or other device, in connection with the online collection
of personal identifying information from children, in or affecting commerce,
shall not collect personal identifying information from any child if respondent
has actual knowledge that such child does not have his or her parent's
permission to provide the information to respondent. Respondent shall not be
deemed to have actual knowledge if the child has falsely represented that (s)he
is not a child and respondent does not knowingly possess information that such
representation is false.

                                      IV.

IT IS FURTHER ORDERED that respondent, directly or through any corporation,
subsidiary, division, or other device, in connection with the online collection
of personal identifying information, in or affecting commerce, shall provide
clear and prominent notice to consumers, including the parents of children, with
respect to respondent's practices with regard to its collection and use of
personal identifying information. Such notice shall include, but is not limited
to, disclosure of:

     A. what information is being collected (e.g., "name," "home address," "e-
     mail address," "age," "interests");

     B. its intended use(s);

     C. the third parties to whom it will be disclosed (e.g., "advertisers of
     consumer products," mailing list companies," "the general public");

     D. the consumer's ability to obtain access to or directly access such
     information and the means by which (s)he may do so;

     E. the consumer's ability to remove directly or have the information
     removed from respondent's databases and the means by which (s)he may do so;
     and

     F. the procedures to delete personal identifying information from
     respondent's databases and any limitations related to such deletion.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      iii
<PAGE>

     Such notice shall appear on the home page of respondent's Web site(s) and
     at each location on the site(s) at which such information is collected.

Provided that, respondent shall not be required to include the notice at the
--------------
locations at which information is collected if such information is limited to
tracking information and the collection of such information is described in the
notice required by this Part.

Provided further that, for purposes of this Part, compliance with all of the
---------------------
following shall be deemed adequate notice: (a) placement of a clear and
prominent hyperlink or button labeled PRIVACY NOTICE on the home page(s), which
directly links to the privacy notice screen(s); (b) placement of the information
required in this Part clearly and prominently on the privacy notice screen(s),
followed on the same screen(s) with a button that must be clicked on to make it
disappear; and (c) at each location on the site at which any personal
identifying information is collected, placement of a clear and prominent
hyperlink on the initial screen on which the collection takes place, which links
directly to the privacy notice and which is accompanied by the following
statement in bold typeface:

NOTICE: We collect personal information on this site. To learn more about how we
use your information click here.

                                      V.

IT IS FURTHER ORDERED that respondent, directly or through any corporation,
subsidiary, division, or other device, in connection with the online collection
of personal identifying information from children, in or affecting commerce,
shall maintain a procedure by which it obtains express parental consent prior to
collecting and using such information.

Provided that, respondent may implement the following screening procedure that
-------------
shall be deemed to be in compliance with this Part. Respondent shall collect and
retain certain personal identifying information from a child, including birth
date and the child's and parent's e-mail addresses (hereafter "screening
information"), enabling respondent to identify the site visitor as a child and
to block the child's attempt to register with respondent without express
parental consent. If respondent elects to have the child register with it,
respondent shall: (1) give notice to the child to have his/her parent provide
express parental consent to register; and/or (2) send a notice to the parent's
e-mail address for the purpose of obtaining express parental consent. The notice
to the child or parent shall provide instructions for the parent to: (1) go to a
specific URL on the Web site to receive information on respondent's practices
regarding its collection and use of personal identifying information from
children and (2) provide express parental consent for the collection and use of
such information. Respondent's collection of screening information shall be by a
manner that discourages children from providing personal identifying information
in addition to the screening information. All personal identifying information
collected from a child shall be held by respondent in a secure manner and shall
not be used in any manner other than to effectuate the notice to the child or
parent, or to block the child from further attempts to register or otherwise
provide personal identifying information to respondent without express parental
consent. The personal identifying information collected shall not be disclosed
to any third party prior to the receipt of express parental consent. If express
parental consent is not received by twenty (20) days after respondent's
collection of the information from the child, respondent shall remove all such
personal identifying information from its databases, except such screening
information necessary to block the child from further attempts to register or
otherwise provide personal identifying information to respondent without express
parental consent.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      iv
<PAGE>

                                      VI.

Nothing in this order shall prohibit respondent from collecting personal
identifying information from children or from using such information, as
specifically permitted in the Children's Online Privacy Protection Act of 1998
(without regard to the effective date of the Act) or as such Act may hereafter
be amended; regulations or guides promulgated by the Commission; or self-
regulatory guidelines approved by the Commission pursuant to the Act.

                                     VII.

IT IS FURTHER ORDERED that respondent GeoCities, and its successors and assigns,
shall provide a reasonable means for consumers, including the parents of
children, to obtain removal of their or their children's personal identifying
information collected and retained by respondent and/or disclosed to third
parties, prior to the date of service of this order, as follows:

     A. Respondent shall provide a clear and prominent notice to each consumer
     over the age of twelve (12) from whom it collected personal identifying
     information and disclosed that information to CMG Information Services,
     Inc., describing such consumer's options as stated in Part VI.C and the
     manner in which (s)he may exercise them.

     B. Respondent shall provide a clear and prominent notice to the parent of
     each child from whom it collected personal identifying information prior to
     May 20, 1998, describing the parent's options as stated in Part VI.C and
     the manner in which (s)he may exercise them.

     C. Respondent shall provide the notice within thirty (30) days after the
     date of service of this order by e-mail, postal mail, or facsimile. Notice
     to the parent of a child may be to the e-mail address of the parent and, if
     not known by respondent, to the e-mail address of the child. The notice
     shall include the following information:

          1. the information that was collected (e.g., "name," "home address,"
          "e-mail address," "age," "interests"); its use(s) and/or intended
          use(s); and the third parties to whom it was or will be disclosed
          (e.g., "advertisers of consumer products," "mailing list companies,"
          "the general public") and with respect to children, that the child's
          personal identifying information may have been made public through
          various means, such as by publicly posting on the child's personal
          home page or disclosure by the child through the use of an e-mail
          account;

          2. the consumer's and childs parents right to obtain access to such
          information and the means by which (s)he may do so;

          3. the consumer's and childs parent's right to have the information
          removed from respondent's or a third party's databases and the means
          by which (s)he may do so;

          4. a statement that childrens information will not be disclosed to
          third parties, including public posting, without express parental
          consent to the disclosure or public posting;

          5. the means by which express parental consent may be communicated to
          the respondent permitting disclosure to third parties of a child's
          information; and

          6. a statement that the failure of a consumer over the age of twelve
          (12) to request removal of the information from respondent's databases
          will be deemed as

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       v
<PAGE>

          approval to its continued retention and/or disclosure to third parties
          by respondent.

     D. Respondent shall provide to consumers, including the parents of
     children, a reasonable and secure means to request access to or directly
     access their or their childrens personal identifying information. Such
     means may include direct access through password protected personal
     profile, return e-mail bearing an electronically verifiable signature,
     postal mail, or facsimile.

     E. Respondent shall provide to consumers, including the parents of
     children, a reasonable means to request removal of their or their childrens
     personal identifying information from respondent's and/or the applicable
     third party's databases or an assurance that such information has been
     removed. Such means may include e-mail, postal mail, or facsimile.

     F. The failure of a consumer over the age of twelve (12) to request the
     actions specified above within twenty (20) days after his/her receipt of
     the notice required in Part VI.A shall be deemed to be consent to the
     information's continued retention and use by respondent and any third
     party.

     G. Respondent shall provide to the parent of a child a reasonable means to
     communicate express parental consent to the retention and/or disclosure to
     third parties of his/her child's personal identifying information.
     Respondent shall not use any such information or disclose it to any third
     party unless and until it receives express parental consent.

     H. If, in response to the notice required in Part VI.A, respondent has
     received a request by a consumer over the age of twelve (12) that
     respondent should remove from its databases the consumer's personal
     identifying information or has not received the express consent of a parent
     of a child to the continued retention and/or disclosure to third parties of
     a child's personal identifying information by respondent within twenty (20)
     days after the parent's receipt of the notice required in Part VI.B,
     respondent shall within ten (10) days:

          1. Discontinue its retention and/or disclosure to third parties of
          such information, including but not limited to (a) removing from its
          databases all such information, (b) removing all personal home pages
          created by the child, and (c) terminating all e-mail accounts for the
          child; and

          2. Contact all third parties to whom respondent has disclosed the
          information, requesting that they discontinue using or disclosing that
          information to other third parties, and remove the information from
          their databases.

          With respect to any consumer over the age of twelve (12) or any parent
          of a child who has consented to respondent's continued retention and
          use of personal identifying information pursuant to this Part, such
          consumer's or parent's continuing right to obtain access to his/her or
          a child's personal identifying information or removal of such
          information from respondent's databases shall be as specified in the
          notice required by Part IV of this order.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      vi
<PAGE>

     I. Within thirty (30) days after the date of service of this order,
     respondent shall obtain from a responsible official of each third party to
     whom it has disclosed personal identifying information and from each
     GeoCities Community Leader a statement stating that (s)he has been advised
     of the terms of this order and of respondent's obligations under this Part,
     and that (s)he agrees, upon notification from respondent, to discontinue
     using or disclosing a consumer's or child's personal identifying
     information to other third parties and to remove any such information from
     its databases.

     J. As may be permitted by law, respondent shall cease to do business with
     any third party that fails within thirty (30) days of the date of service
     of this order to provide the statement set forth in Part VI.I or whom
     respondent knows or has reason to know has failed at any time to (a)
     discontinue using or disclosing a child's personal identifying information
     to other third parties, or (b) remove any such information from their
     databases. With respect to any GeoCities Community Leader, the respondent
     shall cease the Community Leader status of any person who fails to provide
     the statement set forth in Part VI.I or whom respondent knows or has reason
     to know has failed at any time to (a) discontinue using or disclosing a
     child's personal identifying information to other third parties, or (b)
     remove any such information from their databases.

For purposes of this Part: "third party(ies)" shall mean each GeoCities
--------------------------
Community Leader, CMG Information Services, Inc., Surplus Software, Inc.
(Surplus Direct/Egghead Computer), Sage Enterprises, Inc. (GeoPlanet/Planetall),
Netopia, Inc. (Netopia), and InfoBeat/Mercury Mail (InfoBeat).

                                     VIII.

IT IS FURTHER ORDERED that for the purposes of this order, respondent shall not
be required to remove personal identifying information from its archived
database if such information is retained solely for the purposes of Web site
system maintenance, computer file back-up, to block a child's attempt to
register with or otherwise provide personal identifying information to
respondent without express parental consent, or to respond to requests for such
information from law enforcement agencies or pursuant to judicial process.
Except as necessary to respond to requests from law enforcement agencies or
pursuant to judicial process, respondent shall not disclose to any third party
any information retained in its archived database. In any notice required by
this order, respondent shall include information, clearly and prominently, about
its policies for retaining information in its archived database.

                                      IX.

IT IS FURTHER ORDERED that for five (5) years after the date of this order,
respondent GeoCities, and its successors and assigns, shall place a clear and
prominent hyperlink within its privacy statement which states as follows in bold
typeface:

NOTICE: Click here for important information about safe surfing from the Federal
Trade Commission.

The hyperlink shall directly link to a hyperlink/URL to be provided to
respondent by the Commission. The Commission may change the hyperlink/URL upon
thirty (30) days prior written notice to respondent.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      vii
<PAGE>

                                      X.

IT IS FURTHER ORDERED that respondent GeoCities, and its successors and assigns,
shall maintain and upon request make available to the Federal Trade Commission
for inspection and copying the following:

     A. For five (5) years after the last date of dissemination of a notice
     required by this order, a print or electronic copy in HTML format of all
     documents relating to compliance with Parts IV through VIII of this order,
     including, but not limited to, a sample copy of every information
     collection form, Web page, screen, or document containing any
     representation regarding respondent's information collection and use
     practices, the notice required by Parts IV through VI, any communication to
     third parties required by Part VI, and every Web page or screen linking to
     the Federal Trade Commission Web site. Each Web page copy shall be
     accompanied by the URL of the Web page where the material was posted
     online. Electronic copies shall include all text and graphics files, audio
     scripts, and other computer files used in presenting information on the
     World Wide Web; and

Provided that, after creation of any Web page or screen in compliance with this
-------------
order, respondent shall not be required to retain a print or electronic copy of
any amended Web page or screen to the extent that the amendment does not affect
respondent's compliance obligations under this order.

     B. For five (5) years after the last collection of personal identifying
     information from a child, all materials evidencing the express parental
     consent given to respondent.

                                      XI.

IT IS FURTHER ORDERED that respondent GeoCities, and its successors and assigns,
shall deliver a copy of this order to all current and future principals,
officers, directors, and managers, and to all current and future employees,
agents, and representatives having responsibilities with respect to the subject
matter of this order. Respondent shall deliver this order to current personnel
within thirty (30) days after the date of service of this order, and to future
personnel within thirty (30) days after the person assumes such position or
responsibilities.

                                     XII.

IT IS FURTHER ORDERED that respondent GeoCities, and its successors and assigns,
shall establish an "information practices training program" for any employee or
GeoCities Community Leader engaged in the collection or disclosure to third
parties of consumers' personal identifying information. The program shall
include training about respondent's privacy policies, information security
procedures, and disciplinary procedures for violations of its privacy policies.
Respondent shall provide each such current employee and GeoCities Community
Leader with information practices training materials within thirty (30) days
after the date of service of this order, and each such future employee or
GeoCities Community Leader such materials and training within thirty (30) days
after (s)he assumes his/her position or responsibilities.

                                     XIII.

IT IS FURTHER ORDERED that respondent GeoCities, and its successors and assigns,
shall notify the Commission at least thirty (30) days prior to any change in the
corporation that may affect compliance obligations arising under this order,
including, but not limited to, a dissolution,

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                     viii
<PAGE>

assignment, sale, merger, or other action that would result in the emergence of
a successor corporation; the creation or dissolution of a subsidiary, parent, or
affiliate that engages in any acts or practices subject to this order; the
proposed filing of a bankruptcy petition; or a change in the corporate name or
address. Provided, however, that, with respect to any proposed change in the
         --------  -------
corporation about which respondent learns less than thirty (30) days prior to
the date such action is to take place, respondent shall notify the Commission as
soon as is practicable after obtaining such knowledge. All notices required by
this Part shall be sent by certified mail to the Associate Director, Division of
Enforcement, Bureau of Consumer Protection, Federal Trade Commission,
Washington, D.C. 20580.

                                     XIV.

IT IS FURTHER ORDERED that respondent GeoCities, and its successors and assigns,
shall, within sixty (60) days after service of this order, and at such other
times as the Federal Trade Commission may require, file with the Commission a
report, in writing, setting forth in detail the manner and form in which they
have complied with this order.

                                      XV.

This order will terminate on February 5, 2019, or twenty (20) years from the
most recent date that the United States or the Federal Trade Commission files a
complaint (with or without an accompanying consent decree) in federal court
alleging any violation of the order, whichever comes later; provided, however,
                                                            -----------------
that the filing of such a complaint will not affect the duration of:

     A. Any Part in this order that terminates in less than twenty (20) years;

     B. This order's application to any respondent that is not named as a
     defendant in such complaint; and

     C. This order if such complaint is filed after the order has terminated
     pursuant to this Part.

Provided, further, that if such complaint is dismissed or a federal court rules
-----------------
that the respondent did not violate any provision of the order, and the
dismissal or ruling is either not appealed or upheld on appeal, then the order
will terminate according to this Part as though the complaint had never been
filed, except that the order will not terminate between the date such complaint
is filed and the later of the deadline for appealing such dismissal or ruling
and the date such dismissal or ruling is upheld on appeal.

By the Commission.
Donald S. Clark
Secretary
ISSUED: February 5, 1999
SEAL

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      ix
<PAGE>

                                   EXHIBIT H

                        MUTUAL NON-DISCLOSURE AGREEMENT

1.   "Confidential Information" is that confidential, proprietary, and trade
     secret information being disclosed by the disclosing party pursuant to this
     Agreement.

2.   Except as set forth in this Section 2, all Confidential Information shall
     be in tangible form and shall be marked as Confidential or proprietary
     information of the disclosing party.  If the Confidential Information is
     disclosed orally or visually, it shall be identified as such at the time of
     disclosure and confirmed in a writing to the recipient within thirty (30)
     days of such disclosure.

3.   Each of the parties agrees that it will not make use of, disseminate, or in
     any way disclose any Confidential Information of the other party to any
     person, firm or business, except to the extent necessary for negotiations,
     discussions, and consultations with personnel or authorized representatives
     of the other party and any purpose the other party may hereafter authorize
     in writing.  Each of the parties agrees that it shall disclose Confidential
     Information of the other party only to those of its employees, consultants,
     advisors and investors who need to know such information and who have
     previously agreed, either as a condition to employment or in order to
     obtain the Confidential Information, to be bound by terms and conditions
     substantially similar to those of this Agreement.

4.   There shall be no liability for disclosure or use of Confidential
     Information which is (a)  in the public domain through no fault of the
     receiving party (b) rightfully received from a third party without any
     obligation of confidentiality, (c) rightfully known to the receiving party
     without any limitation on use or disclosure prior to its receipt from the
     disclosing party, (d) independently developed by the receiving party
     without use of any Confidential Information and by persons who have not had
     access to any Confidential Information (e) generally made available to
     third parties without any restriction on disclosure, or (f) communicated in
     response to a valid order by a court or other governmental body, as
     otherwise required by law, or as necessary to establish the rights of
     either party under this Agreement (provided that the party so disclosing
     has provided the other party with a reasonable opportunity to seek
     protective legal treatment for such Confidential Information).

5.   Each of the parties agrees that it shall treat all Confidential Information
     of the other party with the same degree of care as it accords to its own
     Confidential Information, and each of the parties represents that it
     exercises reasonable care to protect its own Confidential Information.

6.   Each of the parties agrees that it will not modify, reverse engineer,
     decompile, create other works from, or disassemble any software programs
     contained in the Confidential Information of the other party unless
     otherwise specified in writing by the disclosing party.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

7.   All materials (including, without limitation, documents, drawings, models,
     apparatus, sketches, designs and lists) furnished to one party by the
     other, and which are designated in writing to be the property of such
     party, shall remain the property of such party and shall be returned to it
     promptly at its request, together with any copies thereof.

8.   This Agreement shall govern all communications between the parties that are
     made during the period from the effective date of this Agreement to the
     date on which either party receives from the other written notice that
     subsequent communications shall not be so governed, provided, however, that
     each party's obligations under Sections 2 and 3 with respect to
     Confidential Information of the other party which it has previously
     received shall continue unless and until such Confidential Information
     falls within Section 4.  Neither party shall communicate any information to
     the other in violation of the proprietary rights of any third party.
     Neither party acquires any licenses under any intellectual property rights
     of the other party under this Agreement.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                      ii
<PAGE>

                                   EXHIBIT I
                                    Warrant

See Exhibit 10.04 DoveBid's Registration Statement on Form S-1.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                           EXHIBIT J - Sample Pages

DoveBid Content:

[LOGO]

C:\PROGRAM FILES\QUALCOMM\EUDORA MAIL\Attach\category.gifcategory.gif
----------------------------------------------------------------------

DoveBid Banner and DoveBid Button sample:

http://dir.yahoo.com/Business_and_Economy/Small_Business_Information/

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.
<PAGE>

                                   EXHIBIT K

                             Trademark Guidelines

                             Trademark Guidelines
                             --------------------

Yahoo Trademark Guidelines:
--------------------------

     1.   General.  All Yahoo Brand Features will be used only as explicitly
          --------
licensed by Yahoo, and only under the terms and conditions and for the purposes
described in such license.  The other party to such license shall herein be
referred to as the "Licensee".  All such uses shall be in a manner consistent
with the following guidelines.

     2.   Appearance of Logos.   The Licensee shall ensure that the presentation
          --------------------
of the Yahoo Brand Features shall be consistent with Yahoo's own use of the
Yahoo Brand Features in comparable media.

     3.   Notices. All trademarks and service marks included in the Yahoo Brand
          --------
Features shall be designated with "SM", "TM" or "(R)", in the manner directed by
Yahoo.

     4.   Appearance. From time to time during the term of the license, Yahoo
          -----------
may provide the Licensee with guidelines for the size, typeface, colors and
other graphic characteristics of the Yahoo Brand Features, which upon delivery
to the Licensee shall be deemed to be incorporated into these "Yahoo Trademark
Usage Guidelines".

     5.   Restrictions Upon Use.  The Yahoo Brand Features shall not be
          ----------------------
presented or used:

          A.   in a manner that could be reasonably interpreted to suggest
editorial content has been authored by, or represents the views or opinions of,
Yahoo or any Yahoo personnel;

          B.   in a manner that is misleading, defamatory, libelous, obscene or
otherwise objectionable, in Yahoo's reasonable opinion;

          C.   in a way that infringes, derogates, dilutes or impairs the rights
of Yahoo in the Yahoo Brand Features;

          D.   as part of a name of a product or service of a company other than
Yahoo, except as expressly provided in a written agreement by Yahoo.

     6.   Nonexclusive Remedy.  The Licensee will make any changes to its use of
          --------------------
the Yahoo Brand Features as requested by Yahoo.  The foregoing remedy shall be
in addition to any other legal and equitable rights that Yahoo may possess
relating to Licensee's use of the Yahoo Brand Features.

     7.   Revisions.  These Guidelines may be modified at any time by Yahoo upon
          ---------
written notice to the Licensee.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.<PAGE>

*Confidential treatment has been requested with respect to certain information
contained in this document. Confidential portions have been omitted from the
public filing and have been filed separately with the Securities and Exchange
Commission.

                                                                   EXHIBIT 10.33

                   ASSET PURCHASE AND CO-MARKETING AGREEMENT

     THIS ASSET PURCHASE AND CO-MARKETING AGREEMENT (this "Agreement") is made
as of March 7, 2000 (the "Effective Date"), by and between DoveBid, Inc., a
Delaware corporation with offices at 1241 East Hillsdale Blvd. Foster City,
California 94404 ("DoveBid"), and Comdisco, Inc., a Delaware corporation with
offices at 6111 North River Road, Rosemont, IL 60018 ("Comdisco").

                                   RECITALS

     A.   DoveBid and certain investors, including Comdisco, entered into that
certain Series C Preferred Stock Purchase Agreement dated February 25, 2000 (the
"Stock Purchase Agreement"), pursuant to which DoveBid agreed to sell to
Comdisco and Comdisco agreed to purchase from DoveBid a specified number of
shares of DoveBid's Series C Preferred Stock.

     B.   Under the Stock Purchase Agreement, DoveBid's obligation to sell
shares of its Series C Preferred Stock to Comdisco is subject to DoveBid and
Comdisco entering into this Agreement, pursuant to which Comdisco will sell to
DoveBid certain of the specified assets as consideration for such stock.

     C.   Comdisco has leased certain of the specified assets to [*] and
Comdisco is free to sell the assets subject to the terms of the [*].

     D.   DoveBid desires to purchase certain of the specified assets for cash
consideration.

     E.   DoveBid and Comdisco also desire to enter into this Agreement to
establish the terms of a co-marketing relationship between the parties.

     NOW, THEREFORE, in consideration of the above recitals and the mutual
covenants hereinafter set forth, DoveBid and Comdisco hereby agree as follows:

1.   CERTAIN DEFINITIONS
     -------------------

     The following terms shall have the following meanings in this Agreement:

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.
<PAGE>

     "Applicable Law" means all applicable provisions of all statutes, laws
(including the common law), rules, regulations, ordinances, codes of any
Governmental Authority, and all orders, decisions, injunctions, judgments,
findings, awards and decrees of or agreements with any Governmental Authority.

     "Cash Consideration" means the amount equal to [*], payable by DoveBid to
Comdisco pursuant to Section 3.1.

     "Comdisco Affiliate" means any company in which Comdisco holds: (i) a
majority ownership; or (ii) an ownership interest equal to or in excess of
twenty percent (20%) combined with either: (A) voting control or (B) two (2) or
more board of directors' seats.

     "Encumbrances" means all mortgages, pledges, liens, licenses, rights of
possession, security interests, restrictions, encumbrances, charges, title
retention, conditional sale or other security arrangements and all claims,
restrictions, or agreements of any nature whatsoever.

     "Governmental Authority" means any national government, federal, state
other political subdivision thereof, any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government, including, without limitation, any government authority, agency,
department, board, commission, court or instrumentality of the United states,
any state of the United States or any political subdivision thereof, and any
tribunal or arbitrator'(s) of competent jurisdiction.

     "Intellectual Property Rights" means and includes all worldwide
intellectual and other proprietary rights, including without limitation: (i)
copyrights, trademarks and service marks (and all applications and registrations
related thereto), (ii) all design rights, patents, patent applications, and
patent rights, (iii) all trade secret rights, know-how, contract rights,
proprietary information rights, rights of priority, rights of publicity, moral
rights, (iv) all rights to secure renewals, reissuances and extensions of the
above, (vi) all claims and/or causes of action of any kind for any past or
future infringements upon, or other misappropriations or violations of any of
the foregoing, and (vii) any other similar rights existing under judicial or
statutory law of any country in the world or under any treaty.

     "Purchased Assets" means those Comdisco assets identified on Exhibit A.
                                                                  ---------

     "Purchased Assets Value" means the corresponding agreed upon resale value
for the Purchased Assets, as specified on Exhibit A.
                                          ---------

2.   PURCHASE AND SALE OF ASSETS
     ---------------------------

     2.1  Agreement to Sell and Purchase Assets.  Subject to the terms and
          -------------------------------------
conditions of this Agreement, Comdisco agrees to sell, assign, transfer and
convey to DoveBid at the Closing (as defined in Section 3.3), and DoveBid agrees
to purchase and acquire from Comdisco at the Closing, all of Comdisco's right,
title and interest in and to all of the Purchased Assets.  The Purchased Assets
will be sold, assigned, transferred and conveyed to DoveBid (as provided in

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       2
<PAGE>

Section 2.2) on the Closing Date (as defined in Section 3.3), free and clear of
all Encumbrances, other than the purchase money security interest of Comdisco
with respect to the [*] equipment as described on Exhibit A hereto (hereinafter
                                                  ---------
"[*] Equipment") until payment in full of the Cash Consideration.

     2.2  Passage of Title; Delivery; Inspection.
          --------------------------------------

          (a)  Title Passage.  Except as otherwise provided in this Section 2,
               -------------
upon the Closing, all right, title and interest in and to all of the Purchased
Assets shall pass to DoveBid, and Comdisco shall deliver to DoveBid possession
of all of the Purchased Assets subject to the provisions of Section 2.2(c)
hereof.  Comdisco agrees to also deliver to DoveBid a Bill of Sale substantially
in the form attached as Exhibit B ("Bill of Sale") and such other instruments
                        ---------
and conveyances that DoveBid may reasonably deem necessary or desirable (both at
and after the Closing) sufficient to convey to DoveBid good and marketable title
to all of the Purchased Assets, free and clear of all Encumbrances other than
the purchase money security interest of Comdisco in the [*] Equipment until
payment in full of the Cash Consideration.  Comdisco acknowledges and agrees
that DoveBid will retain any and all proceeds from DoveBid's resale of any of
the Purchased Assets.

          (b)  Software Licenses.  To the extent that the Purchased Assets
               -----------------
include any software and Comdisco is the licensee and has the right to assign
such license rights, Comdisco hereby agrees, upon request of DoveBid, at
DoveBid's sole expense, to assign such license rights and agrees to undertake
whatever action that DoveBid may reasonably deem necessary or desirable,
including the execution of documents (both at and after the Closing) in
furtherance thereof.

          (c)  Delivery of Purchased Assets.  DoveBid has requested and Comdisco
               ----------------------------
has agreed to store the Purchased Assets, other than as set forth below, at
Comdisco's facilities in Massachusetts and California for a period not to exceed
thirty (30) days from the Closing Date (the "Purchased Assets Storage Period").
On or prior to the expiration of the Purchased Assets Storage Period, DoveBid
and Comdisco shall enter into an agreement with regard to services to be
provided by Comdisco in connection with the storage, packaging, refurbishing and
such other services as shall be agreed upon between the parties and the related
fees for such services.  In the event the parties do not enter into an agreement
within such period, DoveBid will pick up, at its expense, the Purchased Assets
from Comdisco's facilities within fifteen (15) business days thereof and for
each day thereafter, DoveBid shall pay Comdisco as liquidated damages, an amount
of $5000 per day.  DoveBid acknowledges that certain of the Purchased Assets, as
specified on Exhibit A as "[*]", are located [*] and DoveBid's possession
             ---------
thereof is subject to [*].  Comdisco shall have risk of loss for the Purchased
Assets remaining at Comdisco's facilities for the period specified above.  Risk
of loss for the Purchased Assets located [*] shall transfer to DoveBid on the
Closing Date.

          (d)  Inspection of Purchased Assets. Within fifteen (15) business days
               ------------------------------
following the Closing, DoveBid will conduct an inspection of the Purchased
Assets, other than the Purchased Assets located [*], to verify that such assets
correspond to the list thereof as set

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       3
<PAGE>

forth in Exhibit A and to document the condition of such assets. The result of
         ---------
DoveBid's inspection will be set forth in a written report (the "Purchased
Assets Inspection Report"), which DoveBid will promptly furnish to Comdisco. If
such an inspection reveals that any of the Purchased Assets are missing,
Comdisco will promptly pay DoveBid the Purchased Asset Values (as set forth in
Exhibit A) for such missing Purchased Assets or provide DoveBid a like-kind
---------
replacement with a comparable Purchased Assets Value. If Comdisco provides
DoveBid with a like-kind replacement of any of the Purchased Assets, DoveBid
will amend the Purchased Assets Inspection Report as appropriate. At the end of
the earlier of (i) the expiration of the Purchased Assets Storage Period (or any
mutually agreed-upon extension thereof); and (ii) the date on which DoveBid
removes the Purchased Assets from Comdisco's facilities, DoveBid will conduct a
second inspection of the Purchased Assets, other than the Purchased Assets
located [*], to verify that such assets correspond to the Purchased Assets
Inspection Report (as amended, if applicable). If the second inspection reveals
that any of the Purchased Assets are missing or are damaged, based on the
information contained in the Purchased Assets Inspection Report (as amended, if
applicable), Comdisco will promptly pay DoveBid the Purchased Asset Value (as
set forth in Exhibit A) for such missing Purchased Assets or provide DoveBid a
             ---------
like-kind replacement with a comparable Purchased Assets Value.

     2.3  Repurchase of Purchased Assets.  Subsequent to the Closing, Comdisco
          ------------------------------
will have the right to request DoveBid to sell to Comdisco any of the Purchased
Assets. Upon such request, DoveBid will sell such Purchased Assets to Comdisco
at prices equal to the applicable Purchased Assets Value, and subject DoveBid's
standard auction terms.

3.   PURCHASE PRICE; PAYMENTS
     ------------------------

     3.1  Purchase Price. In consideration of the sale, assignment, transfer and
          --------------
conveyance of all the Purchased Assets to DoveBid at the Closing free and clear
of all Encumbrances, other than a purchase money security interest in favor of
Comdisco, DoveBid shall (i) pay to Comdisco on or after the Closing, but in no
event later than March 31, 2000, by wire transfer the Cash Consideration, and
(ii) issue to Comdisco [*] shares of DoveBid's Series C Preferred Stock in the
form of a stock certificate, in accordance with the terms and conditions
specified in the Stock Purchase Agreement.

     3.2  Expenses and Taxes. Each party will bear its own attorneys,
          ------------------
accountants, financial advisors and other fees and costs related to this
transaction, including preparation of this Agreement. DoveBid will either pay
all sales, transfer, bulk sales and use tax associated with the transaction
hereby contemplated and the transfer of the Purchased Assets or will provide
resale certificates to Comdisco in connection therewith and will indemnify
Comdisco and its shareholders, officers, directors, employees and agents, from
all loss, liability, damage, claim, risk and expense (including reasonable
attorneys' fees) occasioned by DoveBid's failure to pay such taxes in the
absence of an exemption therefrom.

     3.3  Closing.  The consummation of the transaction contemplated hereby
          -------
will take place at a closing to be held at the offices of Fenwick & West LLP
located at Palo Alto Square, Palo Alto, California (the "Closing") at 10:00 am
on March 7, 2000, or at such other time or

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       4
<PAGE>

date, and at such place, or by such other means of exchanging documents, as may
be agreed to by the parties hereto. The date on which the Closing activity
occurs will be referred to as the "Closing Date".

4.  CO-MARKETING RELATIONSHIP.
    -------------------------

    4.1   Right of First Refusal.  Comdisco hereby grants to DoveBid the right
          ----------------------
of first refusal (the "Right of First Refusal") to act as the exclusive provider
of third-party auction services for the sale of all Comdisco [*] manufacturing
equipment and [*] and [*] and [*] equipment (collectively, "Designated Comdisco
Equipment"), subject to the following terms:

          (a)  The Right of First Refusal will apply to the sale of all
Designated Comdisco Equipment that Comdisco elects to dispose of by auction
through a third party ("Designated Assets"). The Right of First Refusal will not
apply to any sale of assets by Comdisco or a Comdisco Affiliate through its own
channels, which shall include, but not be limited to, direct sales, Web sales,
auctions, or any other form of remarketing by Comdisco or a Comdisco Affiliate.
Comdisco may, but is not obligated to, offer DoveBid assets for auction other
than the Designated Comdisco Equipment. Any such assets offered to DoveBid shall
be considered Designated Assets for the purposes of Sections 4.1(c) and (d).

          (b)  During the Co-Marketing Term (as defined in Section 4.6),
Comdisco's [*] division will list a minimum of [*] of [*] assets on DoveBid's
24x7 Web site.  All such assets shall be considered Designated Assets for the
purposes of Sections 4.1(c) and (d).  DoveBid will charge Comdisco its standard
five percent (5%) commission rate for the sale of such assets on DoveBid's 24x7
Web site, for a total anticipated commission with respect to such assets of [*]
(the "Minimum Commissions").  If, as of the end of the Co-Marketing Term,
DoveBid has received less than the Minimum Commissions, then Comdisco will
promptly pay DoveBid an amount equal to the Minimum Commissions less any
commissions actually received by DoveBid for the sale of such assets.

          (c)  Prior to putting any Designated Assets up for auction, Comdisco
will provide DoveBid with a list of such assets containing Comdisco's reserve
price for each asset (a "Designated Assets List").  DoveBid will have a period
of [*] days from the date of receipt of Comdisco's Designated Asset List to
accept or reject the Designated Assets for auction on such reserve price terms.
In the event DoveBid elects to reject the Designated Assets for auction,
Comdisco may enter into agreements with any third party for the disposal of such
assets so long as the reserve prices for the assets are not less than those
identified in Comdisco's Designated Asset List.  If DoveBid accepts the
Designated Assets for auction, DoveBid will have the exclusive right to sell
such assets for a reasonable period of time, of not less than [*] days, as shall
be agreed upon by the parties (each, an "Auction Duration"), and upon auction
terms and conditions substantially in the form attached hereto as Exhibit C (the
                                                                  ---------
"Auction Terms"), as negotiated at the time such assets are presented by DoveBid
for auction, including the fee-sharing arrangement between DoveBid and Comdisco
in connection therewith.  Comdisco and DoveBid will enter into a Schedule
substantially in the form attached hereto as Exhibit D for any auctions of
                                             ---------
Designated Assets accepted by DoveBid under this Section 4.1.  Comdisco will
retain

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       5
<PAGE>

title to Designated Assets that DoveBid accepts for auction, but DoveBid may
warehouse such assets, as mutually agreed by the parties.

          (d)  In the event that DoveBid does not sell such Designated Assets in
accordance with the applicable Auction Terms, Comdisco will have the right to
rescind DoveBid's right to sell such assets, DoveBid will remove such assets
from DoveBid's auction and, to the extent applicable, return such assets to
Comdisco, within five (5) business days of receipt of written notice thereof
from Comdisco, and Comdisco shall have the right to sell such Designated Assets
through its own channels or via any third party.  In addition, Comdisco shall
have the right to review DoveBid's performance hereunder at the expiration of
the fifth (5/th/) month after the Closing Date.  If, as a result of such a
review, Comdisco determines that DoveBid has failed to auction, within the
applicable Auction Durations, a percentage of Designated Assets equal to or in
excess of [*] of the aggregate Designated Assets allocated to DoveBid for
auction during such Auction Durations, as measured by dollar amount of assets
based upon reserve prices, DoveBid's Right of First Refusal shall be terminated
upon receipt of written notice thereof from Comdisco.

          4.2  Exclusivity.  As long as the Right of First Refusal (as defined
               -----------
in Section 4.1) remains in effect, DoveBid agrees not to enter into a co-
marketing relationship with a company that provides services similar to Comdisco
for the auction of [*] or [*] equipment, subject to the following terms:

          (a)  DoveBid will not [*] auction services for the sale of types of
equipment substantially similar to the Designated Comdisco Equipment of any
other company that provides equipment financing and asset management services
for third parties in the [*] or [*] sectors [*].

          (b)  Nothing will restrict DoveBid from auctioning equipment used by a
[*] for its own internal needs [*].

          (c)  Nothing will restrict DoveBid from auctioning equipment used by
any company for its internal needs regardless of the source of lease or capital
financing used by the company [*].

          (d)  Nothing will restrict third parties (including, without
limitation, [*]) from [*] assets for auction on DoveBid's Web site.

          (e)  Prior to selling aggregated assets in the [*] or [*] sectors for
auction on DoveBid's Web site, DoveBid will seek to identify with Comdisco
opportunities to refurbish certain "big ticket" assets for resale through
Comdisco's channels.  The terms of any such transaction would be mutually agreed
by DoveBid and Comdisco.

          (f)  DoveBid will allow Comdisco [*] to the [*] in [*] for the
Designated Comdisco Equipment sectors ("[*]") solely for Comdisco's internal use
only.  Comdisco will not have the right to [*] any of [*] or permit its use by
any third party.

*Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       6
<PAGE>

     4.3  Marketing Branding.  The parties will enter into joint marketing
          ------------------
programs to promote the parties' co-marketing relationship subject to the
following terms:

          (a)  Any use by DoveBid of the Comdisco name or any Comdisco trademark
shall be subject to Comdisco's prior (i) review of the proposed marketing
materials, press releases, announcements or similar documentation and (ii)
written consent.  Any such use by DoveBid of Comdisco's name or any Comdisco
trademark must be in compliance with Comdisco's standard trademark usage
guidelines.

          (b)  Any use by Comdisco of the DoveBid name or any DoveBid trademark
shall be subject to DoveBid's prior (i) review of proposed marketing materials,
press releases, announcements or similar documentation and (ii) written consent.
Any such use by Comdisco of DoveBid's name or any DoveBid trademark must be in
compliance with DoveBid's standard trademark usage guidelines.

     4.4  Further Collaboration.  DoveBid and Comdisco may extend the terms of
          ---------------------
the [*] and [*] as provided [*], respectively, by mutual written agreement. In
addition, the parties will work together to identify other areas in which they
can collaborate, including the auction of assets other than the Designated
Comdisco Equipment, such as [*], [*] and [*].

     4.5  Non-Solicitation.  DoveBid and Comdisco will not solicit for hire any
          ----------------
employee of the other during the term of this Agreement or for one (1) year
thereafter.

     4.6  Term of Co-Marketing Relationship.  Unless terminated earlier in
          ---------------------------------
accordance with the terms hereof, the parties' co-marketing relationship, as set
forth in Sections 4.1 through 4.5, will be in force for a term of one (1) year
from the Closing Date, unless otherwise mutually agreed between the parties (the
"Co-Marketing Term").  Either party may terminate the Co-Marketing Term upon
notice to the other party if the other party commits a material breach of any
representation, warranty, term or condition thereof and fails to cure such
breach within thirty (30) days following receipt of written notice thereof.

5.   OBLIGATIONS AND LIABILITIES NOT ASSUMED
     ---------------------------------------

     5.1  Liabilities and Obligations Not Assumed.  Except for the obligations
          ---------------------------------------
arising following the Closing under any software licenses assigned by Comdisco
to DoveBid pursuant to Section 2.2 (b) hereof and any obligations arising in
connection with Comdisco's assignment to DoveBid of Comdisco's rights and
interests under [*], DoveBid has not and will not, by the execution, delivery or
performance of this Agreement, or otherwise, assume or otherwise become
responsible for any liability or obligation of any nature of Comdisco, including
without limitation any tax liabilities related to the Purchased Assets arising
prior to the Closing ("Pre-Closing Risks"). Comdisco hereby agrees to indemnify,
defend and hold DoveBid and its shareholders, officers, directors, employees and
agents, harmless from and against all loss, liability, claims and expenses
(including reasonable attorneys' fees) related to such Pre-Closing Risks.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       7
<PAGE>

     5.2  No Obligations to Third Parties.  The execution and delivery of this
          -------------------------------
Agreement shall not be deemed to confer any rights upon any person or entity
other than the parties hereto, or to make any person or entity a third-party
beneficiary of this Agreement, or to obligate the parties to any person or
entity other than the parties to this Agreement.

6.   REPRESENTATIONS AND WARRANTIES OF DOVEBID
     -----------------------------------------

     DoveBid represents and warrants to Comdisco that all of the following
statements are true, accurate and correct:

     6.1  Corporate Organization.  DoveBid is a corporation duly organized,
          ----------------------
validly existing and in good standing under the laws of the State of Delaware.
DoveBid has all necessary corporate power and authority to enter into this
Agreement and all other documents that DoveBid may be required to enter into in
connection with this Agreement.

     6.2  Authorization for this Agreement.  The execution and delivery of this
          --------------------------------
Agreement and each other agreement or instrument referenced herein by DoveBid,
and the performance by DoveBid of its obligations hereunder and thereunder have
been duly authorized by the Board of Directors of DoveBid, and, if required by
law or agreement, its shareholders, and no further corporate or other action or
approval is required in order to constitute such agreements as binding and
enforceable.

     6.3  No Conflicts. The execution, delivery and performance by DoveBid of
          ------------
this Agreement and each other agreement or instrument referenced herein by
DoveBid, and the consummation of the transactions contemplated thereby, do not
and will not conflict with or result in a violation of or a default under (with
or without the giving of notice or the lapse of time or both) (a) DoveBid's
articles of incorporation or by-laws or other organizational documents, (b) any
Applicable Law applicable to DoveBid, or (c) any contract, agreement or other
instrument to which DoveBid is a party or by which DoveBid may be bound or
affected. No consent, approval, order or authorization of, or registration,
qualification, designation, declaration or filing with, any Governmental
Authority on the part of DoveBid is required in connection with the execution,
delivery and performance of the Agreement by DoveBid or the consummation of the
transactions contemplated thereby, except those as shall have been obtained or
made prior to Closing.

     6.4  Brokerage and Finder's Fees.  Neither DoveBid nor any of its
          ---------------------------
affiliates has employed any broker, finder or agent, or agreed to pay or incur
any brokerage fee, finder's fee or commission with respect to the transactions
contemplated by this Agreement, or dealt with anyone purporting to act in the
capacity of a broker, finder or agent with respect thereto as a result of which
any claim for a fee can be asserted against Comdisco.

     6.5  Full Disclosure.  No representation or warranty by DoveBid in this
          ---------------
Agreement, contains any untrue statement of a material fact or omits to state a
material fact or circumstance required to be stated therein or necessary in
order to make such statements, in light of the circumstances under which they
were made, not misleading. The copies of all documents

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       8
<PAGE>

furnished by DoveBid to Comdisco, its affiliates and agents pursuant to or in
connection with this Agreement and the transactions contemplated hereby are
complete and accurate.

7.   REPRESENTATIONS AND WARRANTIES OF COMDISCO
     ------------------------------------------

     Comdisco represents and warrants to DoveBid that all of the following
statements are true, accurate and correct:

     7.1  Corporate Organization.  Comdisco is a corporation duly organized,
          ----------------------
validly existing and in good standing under the laws of the State of Delaware,
and has all necessary corporate power and authority and the legal right to own
the Purchased Assets. Comdisco has all necessary corporate power and authority
to enter into this Agreement and all of the other agreements and instruments
required to be executed or delivered by Comdisco hereunder collectively
"Collateral Agreements").

     7.2  Authorization for this Agreement.  The execution and delivery of this
          --------------------------------
Agreement and each of the Collateral Agreements herein by Comdisco and the
performance by Comdisco of its obligations hereunder and thereunder have been
duly authorized by the Board of Directors of Comdisco and, if required by law or
agreement, its shareholders, and no further corporate or other action or
approval is required in order to constitute such agreements as binding and
enforceable.

     7.3  No Conflicts.  The execution, delivery and performance by Comdisco of
          ------------
this Agreement and each of the Collateral Agreements to which it is a party, and
the consummation of the transactions contemplated thereby, do not and will not
conflict with or result in a violation of or a default under (with or without
the giving of notice or the lapse of time or both) (a) Comdisco's articles of
incorporation or by-laws or other organizational documents, (b) any Applicable
Law applicable to Comdisco, or any of the Purchased Assets, or (c) any contract,
agreement or other instrument to which Comdisco is a party or by which Comdisco
or any of the Purchased Assets, may be bound or affected, except as provided in
[*]. No consent, approval, order or authorization of, or registration,
qualification, designation, declaration or filing with, any Governmental
Authority on the part of Comdisco is required in connection with the execution,
delivery and performance of the Agreement and the Collateral Agreements by
Comdisco or the consummation of the transactions contemplated thereby, except
those as shall have been obtained or made prior to Closing.

     7.4  Brokerage and Finder's Fees.  Neither Comdisco nor any Comdisco
          ---------------------------
Affiliate has employed any broker, finder or agent, or agreed to pay or incur
any brokerage fee, finder's fee or commission with respect to the transactions
contemplated by this Agreement, or dealt with anyone purporting to act in the
capacity of a broker, finder or agent with respect thereto as a result of which
any claim for a fee can be asserted against DoveBid.

     7.5  Title.  Comdisco owns and has good and marketable title to all of the
          -----
Purchased Assets, free and clear of all Encumbrances. Title to all the Purchased
Assets is freely

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       9
<PAGE>

transferable from Comdisco to DoveBid without obtaining the consent or approval
of or delivering notice to any person or party.

     7.6  Condition of Purchased Assets.  The Purchased Assets are being sold
          -----------------------------
"as is". COMDISCO MAKES NO OTHER WARRANTEIS OTHER THAN THOSE SPECIFICALLY SET
OUT IN THIS AGREEMENT (IF ANY), AND SPECIFICALLY DISCLAIMS THE IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

     7.7  Litigation.  There are no actions, suits, investigations or
          ----------
proceedings pending, or, to the knowledge of Comdisco, threatened (i) against
Comdisco, the Purchased Assets or any properties or rights of Comdisco which
arose out of or are based upon the ownership or use of the Purchased Assets
before any Governmental Authority, (ii) challenging the ownership or use, in any
respect, of the Purchased Assets, or (iii) asserting the invalidity of this
Agreement or seeking to prevent any of the transactions contemplated hereby.

     7.8  Compliance with Laws.  In the operation of its business as it
          --------------------
relates to the Purchased Assets, Comdisco has duly complied with all Applicable
Laws, including without limitation, all laws, regulations and rules relating to
environmental, export controls, immigration, labor and employment benefits
matters.

     7.9  Taxes.  At the Closing there will be no federal, state or local tax
          -----
liens (whether recorded, unrecorded or arising by operation of law) against any
of the Purchased Assets to be transferred to DoveBid hereunder. Comdisco has
paid or will pay, when due, any federal, state or local taxes attributable to
periods prior to the Closing Date with respect to the Purchased Assets which, if
unpaid, may result in a lien against any of the Purchased Assets.

     7.10 Records.  On or before the Effective Date and the Closing, Comdisco
          -------
has made available to DoveBid access to all documents, books, files and records
of Comdisco pertaining to the Purchased Assets.

     7.11 Undisclosed Liabilities.  To Comdisco's knowledge, Comdisco has no
          -----------------------
obligations or liabilities related to the Purchased Assets, including but not
limited to, employees or consultants, whether absolute, accrued, contingent or
otherwise, except and to the extent disclosed in this Agreement.

     7.12 Intellectual Property.  As between the parties, Comdisco owns,
          ---------------------
possesses and has the exclusive rights to own the Purchased Assets, and Comdisco
has not granted any third party any outstanding licenses or other rights in or
to any of its Purchased Assets.  Comdisco is not liable, nor has it made any
contract, commitment or arrangement whereby it may become liable, to any person
for any royalty, fee or other compensation for any of the Purchased Assets. To
Comdisco's knowledge, no third party has asserted or threatened to assert
against Comdisco that any of the Purchased Assets infringe upon, misappropriate
or otherwise conflict with, any Intellectual Property Rights of any third party.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       10
<PAGE>

     7.13 Decontamination Processes.  Comdisco has complied with its normal
          -------------------------
and customary decontamination processes with respect to the Purchased Assets,
other than the "[*]" located on [*].

     7.14 Full Disclosure.  No representation or warranty by Comdisco in this
          ---------------
Agreement or in any Collateral Agreement when taken together, contains any
untrue statement of a material fact or omits to state a material fact or
circumstance required to be stated therein or necessary in order to make such
statements, in light of the circumstances under which they were made, not
misleading. The copies of all documents furnished by Comdisco to DoveBid, its
affiliates and agents pursuant to or in connection with this Agreement and the
transactions contemplated hereby are complete and accurate.

8.   COVENANTS OF COMDISCO
     ---------------------

     8.1  Pre-Closing Covenants.  Until the Closing:  (a) Comdisco shall conduct
          ---------------------
its business with respect to the Purchased Assets only in the ordinary course,
(b) Comdisco shall reasonably cooperate with DoveBid in the orderly transfer of
the Purchased Assets to DoveBid's control by the Closing, (c) Comdisco shall use
commercially diligent efforts to preserve for DoveBid the Purchased Assets, and
shall completely refrain from negotiating any license, right or other form of
Encumbrance upon any portion of the Purchased Assets with any third party;
provided, that the foregoing shall not be deemed to prohibit Comdisco, prior to
the Closing, from selling any of the Purchased Assets to a third party in the
ordinary course.

     8.2  Access.  Comdisco will provide DoveBid and its representatives, during
          ------
normal business hours, with complete access to all of the Purchased Assets,
other than those assets located at [*], access to which shall be subject to
compliance with the terms and conditions of [*], and any related documents,
books, files and records, to afford DoveBid a reasonable opportunity to make
such a full investigation of the Purchased Assets prior to the Closing as
DoveBid may reasonably desire, and Comdisco will cause Comdisco's
representatives to cooperate fully with DoveBid and DoveBid's representatives in
connection therewith.

     8.3  Required Consents and Notices.
          -----------------------------

     On or prior to the Closing, Comdisco will obtain all consents, waivers and
authorizations required or appropriate to validly and timely assign and transfer
all of the Purchased Assets to DoveBid at the Closing free and clear of all
Encumbrances, other than the purchase money security interest of Comdisco with
respect to the [*] Equipment, and to permit DoveBid following the Closing to
resell the Purchased Assets to third parties, subject to payment in full to
Comdisco by DoveBid of the Cash Consideration.

     8.4  Bill of Sale.  At the Closing, Comdisco will execute and deliver to
          ------------
DoveBid the Bill of Sale.

     8.5  Further Assurances.  From and after the Closing Date, Comdisco will
          ------------------
promptly execute and deliver to DoveBid any and all such further assignments,
endorsements, records,

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       11
<PAGE>

information and other documents and instruments as DoveBid may reasonably
request for the purpose of effecting the transfer of Comdisco's title to the
Purchased Assets to DoveBid and/or carrying out the provisions of this
Agreement.

     8.6  Notice of Certain Matters.  Comdisco shall give prompt notice to
          -------------------------
DoveBid of the occurrence, or failure to occur, of any event, which occurrence
or failure to occur, if uncured, could cause (a) any inaccuracy or breach of any
representation or warranty or violation of a covenant of Comdisco in this
Agreement; or (b) the failure of any of the conditions set forth in Section 10
of this Agreement.

9.   COVENANTS OF DOVEBID
     --------------------

     9.1  Compliance.  DoveBid agrees that before and after the Closing Date,
          ----------
Comdisco shall have no responsibility for DoveBid's compliance or non-compliance
with any [*] order with respect to [*] or with any [*] statute or regulations
governing the conduct of [*] or auctions and DoveBid shall hold Comdisco
harmless from any such compliance or non-compliance by DoveBid.

     9.2  Taxes.  DoveBid agrees to promptly pay all sales, use, transfer, bulk
          -----
sales or other taxes imposed on the sale or transfer of the Purchased Assets to
DoveBid under this Agreement or in connection with any subsequent sales thereof
by DoveBid and to indemnify and hold Comdisco and its officers, directors,
shareholders, employees and agents, harmless from and against any such taxes or
claims for payment thereof by any tax authority.

     9.3  Required Consents and Notices.  Prior to the Closing, DoveBid will
          -----------------------------
obtain all consents, waivers and authorizations and provide all notices required
or appropriate to consummate the transactions contemplated by this Agreement.

     9.4  Notice of Certain Matters.  DoveBid shall give prompt notice to
          -------------------------
Comdisco of the occurrence, or failure to occur, of any event, which occurrence
of failure to occur, if uncured, could cause (a) any inaccuracy or breach of any
representation or warranty or violation of a convenant of DoveBid in this
Agreement, or (b) the failure of any of the conditions set forth in Section 10
of this Agreement.

     9.5  Further Assurances.  From and after the Closing Date, DoveBid will
          ------------------
promptly execute and deliver to Comdisco any and all such further records,
documents, information, and instruments as Comdisco may reasonably request for
the purpose of carrying out the provisions of this Agreement.

10.  CONDITIONS TO CLOSING
     ---------------------

     10.1 Conditions to DoveBid's Obligations.  The obligations of DoveBid
          -----------------------------------
hereunder shall be subject to the satisfaction and fulfillment of each of the
following conditions, except as DoveBid may expressly waive the same in writing:

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       12
<PAGE>

          (a)  Accuracy of Representations and Warranties.  The representations
               ------------------------------------------
and warranties made herein by Comdisco in Section 7 shall be true and correct in
all material respects, and shall not be misleading in any material respect, on
and as of the date given, and on and as of the Closing Date with the same force
and effect as though such representations and warranties were made on and as of
the Closing Date.

          (b)  Compliance.  As of the Closing Date, Comdisco shall have complied
               ----------
in all material respects with, and shall have fully performed, in all material
respects, all conditions, covenants and obligations in this Agreement imposed on
Comdisco, required to be performed or complied with by Comdisco at, or prior to,
the Closing Date.

          (c)  Delivery of Amended List of Purchased Assets. Comdisco shall have
               --------------------------------------------
delivered, and DoveBid shall have received an amended Exhibit A from which
                                                      ---------
assets sold by Comdisco prior to Closing, and their corresponding agreed upon
value, shall have been removed.

          (d)  Delivery of Purchased Assets.  Comdisco shall have delivered,
               ----------------------------
subject to the terms of Section 2.2 (c) hereof, and DoveBid shall have received
all the Purchased Assets free and clear of all Encumbrances, other than the
purchase money security interest in favor of Comdisco with respect to the [*]
Equipment.

          (e)  Bill of Sale.  Comdisco shall have duly executed and delivered to
               ------------
DoveBid the Bill of Sale.

          (f)  No Litigation; Legality. There shall not be pending or threatened
               -----------------------
any litigation with respect to the Purchased Assets or the transfer thereof by
Comdisco.  There shall not be in effect or pending any Applicable Law which
makes it illegal for Comdisco to consummate the transactions contemplated by
this Agreement, or any order, decree or judgment enjoining any party to this
Agreement from consummating the transactions contemplated by this Agreement or
requiring any part of the Purchased Assets to be divested or subject to an
Encumbrance.

     10.2 Conditions to Comdisco's Obligations.  The obligations of Comdisco
          ------------------------------------
hereunder shall be subject to the satisfaction and fulfillment of each of the
following conditions, except as Comdisco may expressly waive the same in
writing:

          (a)  Accuracy of Representations and Warranties on Closing Date.  The
               ----------------------------------------------------------
representations and warranties made herein by DoveBid in Section 6 hereof shall
be true and correct in all material respects, and shall not be misleading in any
material respect, on and as of the date given, and on and as of the Closing Date
with the same force and effect as though such representations and warranties
were made on and as of the Closing Date.

          (b)  Compliance.  DoveBid shall have complied in all material respects
               ----------
with, and shall have fully performed, in all material respects, all terms,
conditions, covenants and obligations in this Agreement imposed on DoveBid and
required to be performed or complied with by DoveBid at, or prior to, the
Closing Date.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       13
<PAGE>

          (c)  Stock. Comdisco shall have received a stock certificate
               -----
evidencing the DoveBid Series C Preferred Stock issued to Comdisco under the
Stock Purchase Agreement.

          (d)  Cash Consideration. DoveBid shall pay to Comdisco on or after the
               ------------------
Closing Date, but in no event later than March 31, 2000, the Cash Consideration.

          (e)  No Litigation; Legality.  There shall not be in effect or pending
               -----------------------
any Applicable Law which makes it illegal for DoveBid to consummate the
transactions contemplated by this Agreement, or any order, decree or judgment
enjoining any party to this Agreement from consummating the transactions
contemplated by this Agreement.

          (f)  [*].  DoveBid shall execute and deliver the Assignment of
Comdisco's rights and interests under the [*] in the form attached hereto as
Exhibit F.
---------

11.  CONFIDENTIALITY.
     ---------------

     11.1 Confidentiality Obligation.  Comdisco hereby expressly acknowledges
          --------------------------
and agrees that [*] (as defined in [*] constitutes "Confidential Information" as
defined in the Confidentiality Agreement entered into between the parties dated
October 5, 1999, a copy of which is attached hereto and made a part hereof as
Exhibit G (the "Confidentiality Agreement").
----------

     11.2 Permitted Disclosure.  The terms and conditions of this Agreement will
          --------------------
be considered confidential and will not be disclosed to any third parties except
to such party's accountants, attorneys or except as otherwise required by law.
Notwithstanding the foregoing, Comdisco will have the right to disclose this
Agreement to the extent necessary in connection with [*]. Neither party will
make any public announcement regarding the existence of this Agreement without
the other party's prior written approval and consent. If this Agreement or any
of its terms must be disclosed under any law, rule or regulation (e.g., as part
of a filing with the United States Securities and Exchange Commission),
excluding an order or other discovery request issued by a court of competent
jurisdiction, the disclosing party will (a) use reasonable efforts to give
written notice of the intended disclosure to the other party at least five (5)
days in advance of the date of disclosure; (b) redact portions of this Agreement
to the fullest extent permitted under any applicable laws, rules and
regulations; and (c) submit a request, to be agreed upon by the other party,
that such portions and other provisions of this Agreement requested by the other
party receive confidential treatment under the laws, rules and regulations of
the body or tribunal to which disclosure is being made or otherwise be held in
the strictest confidence to the fullest extent permitted under the laws, rules
or regulations of any other applicable governing body.

12.  SURVIVAL OF WARRANTIES; INDEMNIFICATION; LIMITATION OF LIABILITY
     ----------------------------------------------------------------

     12.1 Survival of Warranties.  All representations and warranties made
          ----------------------
by Comdisco or DoveBid herein, or in any certificate, schedule or exhibit
delivered pursuant hereto, shall survive the Closing.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities Exchange Commission.

                                       14
<PAGE>

     12.2  Indemnified Losses.  For the purpose of this Section 12, "Loss" shall
           ------------------
mean and include any and all liability, loss, damage, claim, expense, cost,
fine, fee, penalty, obligation or injury including, without limitation, those
resulting from any and all actions, suits, proceedings, demands, assessments,
judgments, award or arbitration, together with reasonable costs and expenses
including the reasonable attorneys' and expert's fees and other legal costs and
expenses relating thereto plus interest on the foregoing at the rate of 10% per
annum.

     12.3  Indemnification by Comdisco.  Subject to the provisions and
           ---------------------------
limitations set forth in this Section 12, Comdisco agrees to defend, indemnify
and hold harmless DoveBid, any parent, subsidiary or affiliate of DoveBid and
any director, officer, employee, stockholder, agent or attorney of DoveBid or of
any parent, subsidiary or affiliate of DoveBid (collectively, the "DoveBid
Indemnified Parties") from and against any Loss which arises out of any breach
or violation of any covenant of Comdisco, or the material inaccuracy or untruth
of any representation or warranty of Comdisco made herein.

     12.4  Indemnification by DoveBid. Subject to the provisions and limitations
           --------------------------
set forth in this Section 12, DoveBid agrees to defend, indemnify and hold
harmless Comdisco, any parent, subsidiary or affiliate of Comdisco and any
director, officer, employee, stockholder, agent or attorney of Comdisco or of
any parent, subsidiary or affiliate of Comdisco (collectively, the "Comdisco
Indemnified Parties") from and against any Loss which arises out of (i) any
breach or violation of any covenant of DoveBid, or the material inaccuracy or
untruth or any representation or warranty by DoveBid made herein, or (ii) any
third party claims for death, bodily injury or tangible property damage incurred
while on Comdisco's premises on or after the Closing Date in connection with the
Purchased Assets (a "Comdisco Premises Claim").

     12.5  Procedures for Indemnification.  If any action, suit or proceeding
           ------------------------------
shall be commenced against, or any claim or demand be asserted against DoveBid
or Comdisco or any other party indemnified under Section 12.3 or 12.4 in respect
of which DoveBid or Comdisco is entitled to demand indemnification under this
Section 12, then, the indemnified party shall notify the indemnitor in writing
generally describing such action, suit, proceeding, claim or demand with
reasonable particularity. The indemnified party will not compromise or settle
any such action, suit, proceeding, claim or demand without the prior written
consent of the indemnitor. So long as the indemnitor is diligently defending, at
its sole expense and in good faith, any such action, suit, proceeding, claim or
demand asserted by a third party against the indemnified party, the indemnified
party shall not settle or compromise such action, suit, proceeding, claim or
demand without the prior written consent of the indemnitor, which consent will
not be unreasonably withheld or delayed. If the indemnitor fails to promptly and
adequately defend any such action, suit, proceeding, claim or demand, then the
indemnified party may defend, through counsel of its own choosing, such action,
suit, proceeding, claim or demand and (so long the indemnified party gives the
indemnitor at least ten (10) days' notice of the terms of the proposed
settlement thereof and permits the indemnitor to then undertake the defense
thereof at its sole expense if the indemnitor reasonably objects to the proposed
settlement) to settle such action, suit, proceeding, claim or demand and to
recover from the indemnitor the amount of such Losses.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       15
<PAGE>

     12.6  Limitation of Liability.  IN NO EVENT SHALL EITHER PARTY TO THIS
           -----------------------
AGREEMENT BE RESPONSIBLE FOR SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES. Each
parties' liability hereunder shall be further limited to the Purchase Price for
the Purchased Asset giving rise to claim hereunder. The foregoing limitation
will not restrict Comdisco's liability for: (i) any breach by Comdisco of the
Confidentiality Agreement with respect to [*]; or (ii) any Loss for which
Comdisco is required to indemnify any DoveBid Indemnified Party arising out of
any breach by Comdisco of its representation and warranty as set forth in
Section 7.13.  The foregoing limitation will not restrict DoveBid's liability
for any Loss for which DoveBid is required to indemnify any Comdisco Indemnified
Party arising out of: (i) any breach by DoveBid of its covenants under Sections
9.1 or 9.2; or (ii) any Comdisco Premises Claim.

13.  MISCELLANEOUS
     -------------

     13.1  Expenses.  Each of the parties hereto shall bear its own expenses
           --------
(including without limitation attorneys' fees) in connection with the
negotiation and consummation of the transaction contemplated hereby.

     13.2  Notices.  Any notice required or permitted to be given under this
           -------
Agreement shall be in writing and shall be personally delivered or sent by
certified or registered United States mail, postage prepaid, or sent by
nationally recognized overnight express courier and shall be deemed given or
delivered upon the earlier or (i) the first business day after hand delivery or
deposit with overnight express courier, or (ii) three (3) calendar days after
mailed, and shall be addressed as follows:

     (a)   If to Comdisco:

                    Comdisco, Inc.
                    6111 North River Road
                    Rosemont, IL 60018
                    Attn.: Frank Cirone
                    Phone: (847)518-7773
                    Fax:   (847)518-

                    Attn:  General Counsel
                    Phone: (847) 518-5075
                    Fax:   (847) 518-5088

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       16
<PAGE>

     (b)   If to DoveBid:

                    DoveBid, Inc.
                    1241 East Hillsdale Blvd.
                    Foster City, CA 94404
                    Attn: Cory Ravid, Chief Financial Officer

                    Attn: Anthony Capobianco, General Counsel
                    Phone: (650) 571-7400
                    Fax:   (650) 571-1502

     13.3  Entire Agreement.  This Agreement, the Exhibits hereto (which are
           ----------------
incorporated herein by reference) and the agreements to be executed and
delivered in connection herewith, together constitute the entire agreement and
understanding between the parties and there are no agreements or commitments
with respect to the transactions contemplated herein except as set forth in this
Agreement. The captions in this Agreement are for convenience only and shall not
be considered a part of or affect the construction or interpretation of any
provision of this Agreement.

     13.4  Amendment; Waiver. Any term or provision of this Agreement may be
           -----------------
amended only by a writing signed by Comdisco and DoveBid. The observance of any
term or provision of this Agreement may be waived (either generally or in a
particular instance and either retroactively or prospectively) only by a writing
signed by the party to be bound by such waiver. No waiver by a party of any
breach of this Agreement will be deemed to constitute a waiver of any other
breach or any succeeding breach.

     13.5  Execution in Counterparts. For the convenience of the parties, this
           -------------------------
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.

     13.6  Assignment.  This Agreement may not be assigned by any party hereto
           ----------
without the prior written consent of each other party; except that either party
may assign this Agreement (and all related agreements) by operation of law or in
connection with any merger, consolidation or sale of all or substantially all
such party's assets or in connection with any similar transaction or to any
subsidiary, affiliate or parent of such party. This Agreement shall be binding
upon, shall inure to the benefit of, and be enforceable by and against, the
parties hereto and their respective successors and permitted assigns.

     13.7  Governing Law.  This Agreement shall be governed by and construed in
           -------------
accordance with the internal laws of the State of California (excluding
application of any conflicts of law doctrines that would make applicable the law
of any other state or jurisdiction) and, where appropriate, applicable federal
law.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       17
<PAGE>

     13.8  Severability.  If any provision of this Agreement is for any reason
           ------------
and to any extent deemed to be invalid or unenforceable, then such provision
shall not be voided but rather shall be enforced to the maximum extent then
permissible under then applicable law and so as to reasonably effect the intent
of the parties hereto, and the remainder of this Agreement will remain in full
force and effect.

                           [Signature page follows]

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       18
<PAGE>

    IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement by their duly authorized representatives as of the Effective Date.

COMDISCO, INC.                            DOVEBID, INC.

____________________________________      ______________________________________
By:                                       By:

____________________________________      ______________________________________
Name:                                     Name:

Exhibits
--------

Exhibit A - Purchased Assets
Exhibit B - Bill of Sale
Exhibit C - Auction Terms
Exhibit D - Auction Schedule
Exhibit E - [*]
Exhibit F - Assignment Agreement
Exhibit G - Confidentiality Agreement

                                   Exhibit A

                               Purchased Assets

                                      [*]

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       19
<PAGE>

                                   EXHIBIT A
                                   ---------

                               PURCHASED ASSETS

     [*]

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.
<PAGE>

                                   EXHIBIT B
                                   ---------

                                 BILL OF SALE

This Bill of Sale dated as of March 7, 2000 (this "Bill of Sale") is made
between DoveBid, Inc., a California corporation (hereinafter "Purchaser"), and
Comdisco, Inc., a Delaware corporation (hereinafter, "Seller"). Purchaser and
Seller are parties to a certain Asset Purchase and Co-Marketing Agreement dated
as of March 7, 2000 (the "Purchase Agreement"). Capitalized terms used without
definitions herein will have the meanings ascribed to such terms in the Purchase
Agreement.

     Seller hereby sells and transfers its rights, title and interest in the
Purchased Assets as described on Exhibit A attached to the Purchase Agreement
                                 ---------
and made a part hereof in accordance with the terms of the Purchase Agreement.
Seller hereby represents and warrants to Purchaser that Seller is the absolute
owner of said Purchased Assets, that said Purchased Assets are free and clear of
all liens, charges and encumbrances, other than the purchase money security
interest of Seller pending receipt of the Cash Consideration, and that Seller
has full right, power and authority to sell said Purchased Assets and execute
this Bill of Sale. SELLER MAKES NO OTHER WARRANTIES OTHER THAN THOSE
SPECIFICALLY SET FORTH IN THIS BILL OF SALE AND THE PURCHASE AGREEMENT, IF ANY,
AND SPECIFICALLY DISCLAIMS THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS
FOR A PARTICULAR PURPOSE. THE PURCHASED ASSETS ARE SOLD "AS IS".

     IN WITNESS WHEREOF, Seller has caused this Bill of Sale to be executed on
the date first written above.

     COMDISCO, INC.

     _________________________________

     By:

     _________________________________

     Name:

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.
<PAGE>

                                   EXHIBIT C
                                   ---------

                                 AUCTION TERMS

Welcome to the DoveBid.com Web site (the "Web Site"), the premiere web site for
the business-to-business sale of industrial machinery, equipment, and surplus
capital assets. The services provided by DoveBid, Inc. ("DoveBid") through the
Web Site ("Service" or "Services") and the use of the Web Site are governed by
these Terms and Conditions (the "Terms and Conditions"). By accessing or using
the Services or the Web Site or by registering as either a buyer or seller
("Buyer", "Seller" or "User"), you agree that (1) you have read and familiarized
yourself with the Terms and Conditions, (2) you understand the Terms and
Conditions, and (3) your use of the Services and the Web Site will be in
accordance with the Terms and Conditions. If you do not agree to the Terms and
Conditions, you may not access or use the Services or the Web Site. The Terms
and Conditions together with any additional terms and conditions specific to a
particular auction (incorporated herein by reference) constitute the entire
agreement (the "Agreement") between DoveBid and User regarding its subject
matter and supersede and replace any and all prior or contemporaneous agreements
between the parties regarding such subject matter

Amendment of Terms and Conditions. DoveBid may amend any or all of the Terms and
Conditions (including fees and transaction rules) at any time, at DoveBid's sole
discretion, without notice. Any amendment of the Terms and Conditions will be
reflected on the Web Site. User is encouraged to periodically review the Terms
and Conditions posted on the Web Site. Use of the Services and the Web Site
constitutes acceptance of the Terms and Conditions including any amendments
thereto. The Terms and Conditions were last revised on February 17, 2000.

Role of DoveBid. DoveBid provides the Services and the Web Site solely as a
forum or venue in which Sellers may offer assets for sale and Buyers may place
offers to purchase these assets. As such, DoveBid is neither a principal
interested in the transactions, nor an agent of Buyer or Seller. Because DoveBid
is not a party to any transaction, DoveBid does not make, and should not be
construed as having made, any representation or warranty of any kind concerning
any of the offered assets or offerings, including without limitation any
representation or warranty regarding the quality, safety or legality of the
offered assets, or the truth or accuracy of any offerings. Additionally, DoveBid
makes no representation or warranty of any kind as to the ability of either
Buyer or Seller to complete a sale in accordance with these Terms and Conditions
or otherwise, and in accordance with any additional terms and conditions
specific to a particular auction. DoveBid does not have the power to transfer
title to any assets offered by Sellers. DoveBid retains sole discretion to
remove any User who does not comply with the Terms and Conditions. However,
Buyers and Sellers are solely responsible for independently verifying the
background of those Users with whom they enter into, or with whom they
prospectively will enter into, a transaction. In the event of any dispute
regarding any transaction conducted through use of the Services or the Web Site
(a "Dispute"), User hereby releases DoveBid, its affiliates and subsidiaries,
and their respective directors, officers, employees, agents, shareholders, co-
branders, partners, successors and assigns (the "Released Parties"), and each of
the foregoing, from any and all manner of action, claim or cause of action or
suit, at law or in equity, and from any and all losses, damages, costs or
expenses,

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.
<PAGE>

including without limitation court costs and attorneys' fees, which User may
have against the Released Parties, or any of them, known or unknown, disclosed
or undisclosed, which arise out of or relate in any way to a Dispute. If User is
a California resident, User waives California Civil Code (S)1542 which states:
"A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if
known by him must have materially affected his settlement with the debtor."

Changes to Services and/or Web Site.  User acknowledges and agrees that DoveBid
may change, modify, amend, suspend or discontinue any aspect of the Services or
the Web Site, at any time, without notice and without liability to User or to
any third party. DoveBid reserves the right to impose limits on certain features
of the Services or the Web Site, at any time, without notice and without
liability to User or to any third party.

Registration. The Services and the Web Site are only available to persons with
the legal capacity to enter into this Agreement. DoveBid may, at its sole and
absolute discretion, refuse to accept a person's (or entity's) registration, and
may, at any time after accepting registration, refuse to permit a person's (or
entity's) continuing use of the Services and the Web Site.

Password and Security.  User is solely responsible for maintaining the
confidentiality of its User name and User password. User is obligated to
complete those transactions that occur using its User name and User password,
whether such transactions are authorized or unauthorized. User agrees that it
shall immediately notify DoveBid in writing or by electronic mail of any
unauthorized use of its User name or User password.

User Information.  User will provide information to DoveBid during the
registration process and to DoveBid and other Users during the course of the use
of the Services and the Web Site (the "User Information"). User agrees and
warrants: (1) that all User Information is accurate and complete at the time of
registration, and (2) that User information will be continuously updated such
that the User Information shall at all times be current, accurate, and complete.
User grants to DoveBid a non-exclusive, worldwide, perpetual, royalty-free and
irrevocable license to use the User Information, including any associated
copyrights, trademarks, or other intellectual property or proprietary rights
User may have in the User information, for any purposes in connection with the
Services or the Web Site, subject to the terms of the DoveBid Privacy Policy.
                                                              --------------

Privacy Policy.  The terms of the DoveBid Privacy Policy are incorporated by
reference into these Terms and Conditions. User is encouraged to periodically
review the DoveBid Privacy Policy posted on the Web Site at
www.dovebid.com/os/privacy.stm posted on the Web Site.
------------------------------

User Content.  DoveBid is not responsible for the quality, accuracy,
reliability, legality or completeness of any User-provided content, including
any User Information. User is solely responsible for verifying the quality,
accuracy, reliability, legality and competitiveness of all User-provided
content, including any User Information. User acknowledges and agrees that
DoveBid has the right, but not the obligation, to monitor User-provided content,
including User Information, and to edit, correct or remove any such content that
DoveBid, in its sole discretion, deems objectionable or in violation of this
Agreement.

User Conduct.  User represents, warrants and covenants that its use of the
Services and the Web Site shall not:

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       2
<PAGE>

     (a)  violate any applicable local, state, national or international law,
statute, ordinance, rule or regulation. Without limiting the foregoing, User
represents, warrants and covenants that it will not sell or buy any assets that
may not be lawfully offered for sale or purchase in the United States and that
User will not export from the United States any asset in violation of U.S. law;

     (b)  impersonate any other person or entity, or make any misrepresentation
as to User's employment by or affiliation with any other person or entity;

     (c)  forge headers or in any manner manipulate identifiers in order to
disguise the origin of any User Information;

     (d)  upload, post, transmit, publish, or distribute any material or
information for which User does not have all necessary rights and licenses;

     (e)  upload, post, transmit, publish, or distribute any material which
infringes, violates, beaches or otherwise contravenes the rights of any third
party, including any copyright, trademark, patent, rights of privacy or
publicity or any other proprietary right;

     (f)  interfere with or disrupt the use of the Services or the Web Site by
any other User, nor "stalk", threaten, or in any manner harass another User;

     (g)  upload, post, transmit, publish, or distribute any unauthorized or
unsolicited advertising, solicitations, offers for the sale of services,
unsolicited communications, or offers for any "investment opportunities" (except
as may be permitted by the use of the Services or the Web Site as provided for
herein);

     (h)  upload, post, transmit, publish, or distribute any material or
information which contains a computer virus, or other code, files or programs
intending in any manner to disrupt or interfere with the functioning of the
Services, the Web Site, or that of other computer systems;

     (i)  use the Services or the Web Site in such a manner as to gain
unauthorized entry or access to the computer systems of others;

     (j)  upload, post, transmit, publish or distribute any material or
information which constitutes or encourages conduct that would constitute a
criminal offense, give rise to other liability, or otherwise violate applicable
law;

     (k)  upload, post, transmit, publish, or distribute any material or
information that is unlawful, or which may potentially be perceived as being
harmful, threatening, abusive, harassing, defamatory, libelous, vulgar, obscene,
or racially, ethnically, or otherwise objectionable; or

     (l)  reproduce, copy, modify, sell, distribute or otherwise exploit for any
commercial purposes the Services or the Web Site, or any component thereof
(including, but not limited to any materials or information accessible through
the Web Site).

Seller Conduct.  In addition to those other obligations set forth herein, Seller
agrees to be bound by the following:

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       3
<PAGE>

     (a)  Placing an asset for sale requires that Seller provide complete and
accurate information regarding the asset offered (the "Listing Information"). It
is the Seller's responsibility to review the Listing Information prior to its
posting on the Web Site and to immediately notify DoveBid of any changes
necessary to make the Listing Information complete and accurate at the time of
its submission, without any misrepresentation of any kind. Seller represents,
warrants and covenants that the Listing Information is complete and accurate and
actually reflects the quantity, quality, and condition of the offered assets.
Seller is obligated to update Listing Information to ensure that it is at all
times complete and accurate. Additionally, Seller represents, warrants and
covenants (1) that it has good and marketable legal title to the offered assets,
free and clear of any lien, security interest, leasehold interest, co-ownership
interest, or any other type of encumbrance or interest of any other person or
entity, (2) that it has authority to list the offered assets for sale and to
sell the offered assets, (3) no asset provided for sale on the Web Site shall be
fraudulent or counterfeit, (4) the offering by Seller of any asset on the Web
Site and the payment by Seller of any fees to DoveBid as specified in these
Terms and Conditions will not cause DoveBid to violate any applicable law,
statute, ordinance or regulation; (5) that each asset listed for sale is a
"capital asset" as those terms are understood in accordance with generally
accepted accounting principles (i.e., industrial machinery, equipment and
surplus assets), (6) that no listed asset infringes or violates (or contains any
parts or components which infringe or violate) any third party's copyright,
patent, trademark, trade secret or other intellectual property or propriety
rights, and (7) that no listed asset contains any Hazardous Substance.
Notwithstanding the foregoing, Users agree that DoveBid shall have no duty or
obligation to investigate the presence of any Hazardous Substances in or
integral to the assets. For purposes of this subparagraph, the term "Hazardous
Substances" shall mean, either individually or collectively, any chemical,
solid, liquid, gas, or other substance having the characteristics identified in,
listed under, or designated pursuant to (i) the Comprehensive Environmental
                                                ---------------------------
Response, Compensation and Liability Act of 1980 (CERCLA) as amended, 42 USCA
---------------------------------------------------------
Section 9601(4), as a "hazardous substance", (ii) the Resource, Conservation and
                                                      --------------------------
Recovery Act, 42 USCA Sections 6903(5) and 6921, as a "hazardous waste", or
------------
(iii) any other laws, statutes, or regulations of a government or political
subdivision or agency thereof, as presenting an imminent and substantial danger
to the public health or welfare or to the environment, or as otherwise requiring
special handling, collection, storage, treatment, disposal, or transportation;

     (b)  Seller agrees to pay to DoveBid a listing fee (the "Listing Fee") in
the amount of $10.00 per lot (or group of listed assets), which Listing Fee is
non-refundable. Additionally, Seller agrees to pay to DoveBid a fee (the "Sale
Fee") of five percent (5%) of the high bid for each successful sale such five
percent (5%) to be calculated based upon the gross sales price;

     (c)  Seller agrees not to contact Users with respect to the sale of assets
other than those listed through the Services;

     (d)  Seller agrees to pay the Sale Fee to DoveBid if a successful sale is
made to a User, without regard for such User's ability to perform.

Buyer Conduct.  In addition to those other obligations set forth herein, Buyer
acknowledges and agrees that by placing a bid on an asset, Buyer represents,
warrants and covenants (1) that it shall not misrepresent its ability to close
the transaction pursuant to the terms and conditions of sale, and in accordance
with these Terms and Conditions, (2) that it has the capacity to close the
transaction,

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       4
<PAGE>

and (3) that it has actual authority to enter a bid, and to enter into an
agreement to purchase the asset.

Webcast Auctions.  A "webcast" auction is an on-site auction conducted by
DoveBid that is simultaneously broadcast live over the Web Site. In connection
with a webcast auction, DoveBid may charge each Buyer a Buyer's Premium of up to
ten percent (10.0%) of the winning bid price ("Buyer's Premium") upon the
completion of a successful transaction, or some other amount is DoveBid's sole
discretion. For more details regarding whether a Buyer's Premium applies to a
particular webcast auction and to what extent, including the amount of such
Buyer's Premium, please view the appropriate auction brochure on the Web Site.
Any purchase offer that you make on the Web Site indicates your express
agreement to pay all amounts due, including any applicable Buyer's Premium.

Withdrawal of Auction/Auction Assets.  User acknowledges and agrees that assets
in an auction may be withdrawn or sold prior to the end of the designated
auction period, and/or that the auction may be discontinued, either temporarily
or permanently, all without notice to User.

Termination.  DoveBid expressly reserves the right to terminate the use of, or
to refuse to permit the use of, the Services and the Web Site by any person or
entity, at the sole and absolute discretion of DoveBid, for any reason or for no
reason.

Price Manipulation/ Bid Rigging.  Collusion between Users or any form of price
manipulation or bid rigging is strictly prohibited.

Taxes.  User acknowledges and agrees that DoveBid does not collect, and shall
not be held responsible for the collection of, any sales tax, use tax, transfer
tax, or any other tax or fee which may be assessed by any jurisdiction having
taxing authority over any transaction conducted through the Services or the Web
Site. Additionally, DoveBid is not responsible for the calculation of any taxes
or the reporting or remittance of any taxes to any taxing authority. User
expressly agrees and warrants that it shall comply with any and all applicable
laws and regulations, including without limitation, those with respect to taxes.
Users agree to defend, indemnify, and hold harmless DoveBid from and against any
and all damages, penalties, costs and expenses incurred by or imposed upon
DoveBid resulting from any failure by User to comply with applicable tax laws.

No Relationship.  User and DoveBid are independent contractors. Neither party is
an agent, representative, broker, employee, or partner of the other party. This
Agreement shall not be interpreted or construed to create an association, joint
venture, agency, franchise or partnership between the parties or to impose any
partnership obligation or liability upon either party.

Links to Third Parties.  The Services and the Web Site may provide links to the
web sites or services of others ("Third-Party Sites"). Links to such Third-Party
Sites do not constitute an endorsement by DoveBid of such Sites, or the
products, content, materials or information presented or made available by such
Sites. User acknowledges and agrees that DoveBid is not responsible for any
damages or losses caused or alleged to have been caused by the use of any Third-
Party Sites, or from the products, content, material or information presented by
or available through such Sites.

Downloading Information/Material.  User hereby releases DoveBid, its affiliates
and subsidiaries, and their respective directors, officers, employees, agents,
shareholders, co-branders, partners,

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       5
<PAGE>

successors and assigns from any and all actual or alleged damages which may
result from User downloading any information or materials from the Web Site.

Choice of Law.  This Agreement, and all questions with respect to the
interpretation of this Agreement, shall be governed by and construed in
accordance with the internal laws of the State of California and without regard
for conflict of laws provisions. User expressly consents to personal and
exclusive jurisdiction in the courts of the State of California located in San
Mateo County.

Indemnification.  User will defend, indemnify and hold harmless DoveBid, its
affiliates and subsidiaries, and their respective directors, officers,
employees, agents, shareholders, co-branders, partners, successors and assigns
(collectively, "Indemnified Parties"), from and against any claim, loss, damage,
liabilities, judgments, fees and expenses related thereto (including, without
limitation, reasonable attorney's fees) incurred by any of the Indemnified
Parties arising from or related to: (i) the use of the Services or the Web Site
by User or (2) any breach or violation of these Terms and Conditions by User and
(3) any breach of any of User's representations, warranties and covenants.

Dispute Resolution. Any controversy involving DoveBid arising from or in any way
related to this Agreement or User's use of the Services or the Web Site shall be
submitted to binding arbitration to be conducted in accordance with the Rules of
Commercial Arbitration of the American Arbitration Association ("AAA"). A single
arbitrator with knowledge of the auction business shall conduct the arbitration
in San Mateo County, California, United States of America. The parties shall
mutually agree upon such arbitrator. In the event that the parties have not
agreed to a mutually acceptable arbitrator within thirty (30) days of the date
of the notice of intention to arbitrate, the arbitrator shall be selected by the
AAA from its regularly maintained list of commercial arbitrators. Within sixty
(60) days after the arbitrator has been selected, the arbitrator shall conduct a
single hearing no longer than one (1) day in duration for the purpose of
receiving evidence and shall render a decision within ten (10) days after the
conclusion of the hearing. The Federal Rules of Evidence and the Federal Rules
of Civil Procedure shall apply to any arbitration hearing, and aggregate
deposition discovery conducted in connection with any such hearing shall not
exceed ten (10) hours for each party. The decision of the arbitrator shall be
binding and final, and the arbitration award may be filed in a court of
competent jurisdiction. In the event that a civil or administrative proceeding
with respect to any disputes subject to arbitration under this provision is
commenced, any other party to such proceeding shall be entitled to demand
arbitration with respect to that dispute and shall be entitled to a permanent
stay and injunction against any such civil or administrative proceeding. In the
event that a party asserts multiple claims or causes of action, some but not all
of which are subject to arbitration under law, any and all claims subject to
arbitration shall be submitted to arbitration in accordance with this provision.

Disclaimer of Warranties. THE SERVICES AND THE WEB SITE, INCLUDING ALL CONTENT,
FUNCTIONS, MATERIALS AND INFORMATION MADE AVAILABLE ON OR ACCESSED THROUGH THE
SERVICES OR THE WEB SITE, ARE PROVIDED ON AN "AS IS", "WHERE IS", "AS AVAILABLE"
BASIS WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS OR
IMPLIED, INCLUDING WITHOUT LIMITATION, NON-INFRINGEMENT, MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE. DOVEBID DOES NOT WARRANT THAT THE SERVICES OR
THE FUNCTIONS, FEATURES OR CONTENT CONTAINED THEREIN OR IN THE WEB SITE,
INCLUDING WITHOUT LIMITATION ANY THIRD-PARTY SOFTWARE, PRODUCTS OR OTHER
MATERIALS USED IN CONNECTION WITH THE SERVICES OR THE WEB SITE, WILL BE TIMELY,
SECURE, UNINTERRUPTED OR ERROR FREE, OR THAT DEFECTS WILL BE CORRECTED. DOVEBID

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       6
<PAGE>

MAKES NO WARRANTY THAT THE WEB SITE OR THE SERVICES WILL MEET USERS'
REQUIREMENTS, AND EXPRESSLY DISCLAIMS ANY REPRESENTATIONS, WARRANTIES OR
GUARANTEES THAT BY POSTING AN ASSET ON THE SERVICES OR THE WEB SITE, THE POSTED
ASSET WILL BE SOLD. IF USER IS DISSATISFIED WITH THE SERVICES OF THE WEB SITE,
USER'S SOLE REMEDY IS TO DISCONTINUE USING THE SERVICES OF THE WEB SITE. DOVEBID
MAKES NO REPRESENTATIONS OR WARRANTIES REGARDING ANY GOODS OR SERVICES PURCHASED
OR OBTAINED THROUGH THE SERVICES OR THE WEB SITE OR ANY TRANSACTIONS ENTERED
INTO THROUGH THE SERVICES OF THE WEB SITE. NO ADVICE OR INFORMATION, WHETHER
ORAL OR WRITTEN, OBTAINED BY USER FROM DOVEBID OR THROUGH THE SERVICES OF THE
WEB SITE SHALL CREATE ANY WARRANTY NOT EXPRESSLY MADE HEREIN. DOVEBID EXPRESSLY
DISCLAIMS ANY RESPONSIBILITY FOR ANY MISREPRESENTATIONS OR BREACHES COMMITTED BY
ANY USER

Limitation of Liability. IN NO EVENT SHALL DOVEBID BE LIABLE FOR ANY DAMAGES
THAT ARE DIRECTLY OR INDIRECTLY RELATED TO THE USE OF, OR THE INABILITY TO USE,
THE SERVICES, THE WEB SITE OR THE CONTENT, MATERIALS AND FUNCTIONS RELATED
THERETO, INCLUDING WITHOUT LIMITATION, SPECIAL, INDIRECT, INCIDENTAL,
CONSEQUENTIAL OR PUNITIVE DAMAGES, LOSS OF REVENUE OR ANTICIPATED PROFITS OR
LOST BUSINESS, LOST GOODWILL, OR LOST SALES. IN NO EVENT SHALL THE TOTAL
LIABILITY OF DOVEBID TO A USER FOR ALL DAMAGES, LOSSES, CLAIMS AND CAUSES OF
ACTION (WHETHER IN CONTRACT OR TORT, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE
OR OTHERWISE) ARISING FROM THIS AGREEMENT OR THE USE OF THE SERVICES OR THE WEB
SITE EXCEED, IN THE AGGREGATE, ONE HUNDRED DOLLARS ($100.00).

THE FOREGOING LIMITATION SHALL APPLY AND SURVIVE NOTWITHSTANDING ANY FAILURE OF
ESSENTIAL PURPOSE OF ANY REMEDY.

Notices.

Notices shall be given:

  To DoveBid:  By email legal@DoveBid.com and by certified mail, return receipt
                                          ---
requested, to

          DoveBid, Inc., Attention Legal Department, 1241 East Hillsdale
Boulevard, Foster City, California, 94404 or to such other address as may be
designated from time to time.

  To User:  By email at the email address as reflected in User's registration
information.

Notices to User shall be deemed to have been received twenty-four (24) hours
after the email is sent. Notices to DoveBid shall be deemed to have been given
three (3) days after the date of mailing by certified mail.

Severability.  If any provision of this Agreement is held by a court of
competent jurisdiction to be invalid or unenforceable, then such provision shall
be enforced to the maximum extent permissible so as to effect the intent of this
Agreement, and the remainder of this Agreement shall continue in full force and
effect.

Waiver.  The failure of DoveBid to exercise or enforce any right or provision of
this Agreement will not deemed a waiver of such right or provision

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       7
<PAGE>

Trademarks.  DoveBid, DoveBid.com, and the logos thereof are trademarks or
service marks of DoveBid, Inc. No display or use of such marks may be made
without the express written permission of DoveBid, Inc.

(C)  2000 DoveBid, Inc.  All rights reserved.

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       8
<PAGE>

                                   EXHIBIT D
                                   ---------

                               AUCTION SCHEDULE

This Auction Schedule dated as of ___________, 2000 is entered into between
DoveBid, Inc. ("DoveBid") and Comdisco, Inc. ("Seller") and incorporates the
"Terms and Conditions" specified on the DoveBid.com Web site, other than as
specifically amended hereby, and shall be subject to the terms and conditions
agreed between the parties under the Asset Purchase and Co-Marketing Agreement
dated as of __________, 2000 (the "Asset Purchase Agreement").

1.   Duration.  DoveBid and Seller hereby agree that the assets of Seller being
     offered and accepted for auction by DoveBid as described on Schedule I
     hereto (the "Assets") at the reserve prices specified therein shall be
     subject to auction by DoveBid for a period of time commencing
     _______________and expiring _________________.

2.   Fee.  DoveBid and Seller hereby agree that the fee structure associated
     with DoveBid's auction of the Assets shall be as follows:

     Except as amended hereby, all of the Terms and Conditions referenced above
shall remain in full force and effect.

DOVEBID, INC.                           COMDISCO, INC.

By:________________________________     By:____________________________

Title:_____________________________     Title:_________________________

Date:______________________________     Date:__________________________

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.
<PAGE>

                                   EXHIBIT E
                                   ---------

                                      [*]

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       2
<PAGE>

                                   EXHIBIT F
                                   ---------

                              ASSIGNMENT AGREEMENT

     This Assignment Agreement dated as of March 7, 2000 is entered into between
DoveBid, Inc., as Assignee and Comdisco, Inc., as Assignor in connection with
the sale of Purchased Assets pursuant to the Asset Purchase and Co-Marketing
Agreement of even date herewith ("Asset Purchase Agreement").  All terms not
otherwise defined herein shall have the meaning ascribed to them in the Asset
Purchase Agreement.

     Comdisco, Inc. hereby assigns to DoveBid, Inc. and DoveBid, Inc. hereby
accepts the assignment, of all of Comdisco, Inc.'s rights and interests under
the [*] attached to the Asset Purchase Agreement as Exhibit E and made a part
hereof, entered into in connection with [*].

DOVEBID, INC.                           COMDISCO, INC.

By:________________________________     By:____________________________

Title:_____________________________     Title:_________________________

Date:______________________________     Date:__________________________

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       3
<PAGE>

                                   EXHIBIT G
                                   ---------

                           CONFIDENTIALITY AGREEMENT

* Confidential portions have been omitted from this public filing and have been
filed separately with the Securities and Exchange Commission.

                                       4
<PAGE>

                                   EXHIBIT G
                                   ---------

                           CONFIDENTIALITY AGREEMENT

     CONFIDENTIALITY AGREEMENT, dated as of October 5, 1999, between DoveBid,
Inc., a Delaware corporation having a place of business at 1241 East Hillsdale
Boulevard, Foster City, CA 94404, and COMDISCO, INC., a Delaware corporation
having its principal place of business at 6111 N. River Road, Rosemont, IL 60018
("COMDISCO").

     WHEREAS, the parties to this Confidentiality Agreement have determined to
establish terms governing the confidentiality of certain information one party
("Owner") may disclose to the other party ("Recipient"), for the purpose of
establishing a business relationship;

     NOW THEREFORE, in consideration of the premises and the mutual covenants
contained herein, the parties agree as follows:

     1.   For purposes of this Confidentiality Agreement, "Confidential
          Information" means all information or data in whatever form
          transmitted relating to the past, present or future business affairs,
          including without limitation, (i) technology lease and services
          information, methodology and procedures; plus (ii) research,
          technology, product development, or business plans, operations or
          systems, of Owner or another party whose information Owner has in its
          possession under obligations of confidentiality, which (a) is
          disclosed by Owner or its affiliates to Recipient or its affiliates,
          bearing an appropriate legend indicating its confidential or
          proprietary nature or if oral or visual is identified as confidential
          or proprietary at the time of disclosure or as otherwise disclosed in
          a manner consistent with its confidential or proprietary nature, or
          (b) is produced or developed during the working relationship between
          the parties and which would, if disclosed to competitors of either
          party, give or increase such competitors' advantage over that party or
          diminish that party's advantage over its competitors.

          Confidential Information shall not include any information of an Owner
          that:  (a) is already known to Recipient at time of its disclosure;
          (b) is or becomes publicly known through no wrongful act of Recipient;
          (c) is received from a third party free to disclose it to Recipient;
          (d) is independently developed by Recipient; (e) is communicated to a
          third party by recipient with the express written consent of the
          Owner, or (f) is lawfully required to be disclosed to any governmental
          agency or is otherwise required to be disclosed by law, provided that
          before making such disclosure the Recipient shall give the Owner an
          adequate opportunity to interpose an objection or take action to
          assure confidential handling of such information.

     2.   For a period of two (2) years from the date of disclosure to
          Recipient, Recipient shall not disclose any Confidential Information
          it receives from Owner to any person or entity except employees of
          Recipient and its affiliates who have a need to know and who have been
          informed of Recipient's obligations under this Confidentiality
          Agreement.  Recipient shall use not less than the same degree of
<PAGE>

          care to avoid disclosure of such Confidential Information as Recipient
          uses for its own confidential information of like importance.
          Recipient shall use Confidential Information of the Owner only for
          purposes consented to by Owner.

     3.   All Confidential Information disclosed by Owner to Recipient under
          this Confidentiality Agreement in tangible form (including, without
          limitation, information incorporated in computer software or held in
          electronic storage media) shall be and remain property of Owner.  All
          such Confidential Information shall be returned to Owner promptly upon
          written request and shall not thereafter be retained in any form by
          Recipient.  The rights and obligations of the parties under this
          Confidentiality Agreement shall survive any such return of
          Confidential Information.

     4.   Owner shall not have any liability or responsibility for errors or
          omissions in, or any business decisions made by Recipient in reliance
          on, any Confidential Information disclosed under this Confidentiality
          Agreement.

     5.   The parties agree that, in the event of a breach or threatened breach
          of the terms of this Confidentiality Agreement, Owner shall be
          entitled to an injunction prohibiting any such breach.  Any such
          relief shall be in addition to and not in lieu of any appropriate
          relief in the way of money damages.  The parties acknowledge that
          Confidential Information is valuable and unique and that disclosure in
          breach of this Confidentiality Agreement will result in irreparable
          injury to Owner.

     6.   Either party may terminate this Confidentiality Agreement by written
          notice to the other.  Notwithstanding any such termination, all rights
          and obligations hereunder shall survive with respect to Confidential
          Information disclosed prior to such termination.

     7.   Neither party hereto shall in any way or in any form disclose,
          publicize or advertise in any manner the discussions that give rise to
          this Confidentiality Agreement or the discussions or negotiations
          covered by this Confidentiality Agreement without the prior written
          consent of the other party.

     8.   The term "affiliate" shall mean any person or entity controlling,
          controlled by or under common control with a party.

     9.   This Confidentiality Agreement:  (a) is the complete agreement of the
          parties concerning the subject matter hereof and supersedes any prior
          such agreements; (b) may not be amended or in any manner modified
          except in writing signed by the parties; and (c) shall be governed by
          and construed in accordance with the laws of California without regard
          to its choice of law provisions.  If any provision of this
          Confidentiality Agreement is found to be unenforceable, the remainder
          shall be enforced as fully as possible and the unenforceable provision
          shall be deemed modified to the limited extent required to permit its
          enforcement in a manner most closely approximating the intention of
          the parties as expressed herein.

                                       2
<PAGE>

     10.  The parties warrant that each has the right to disclose to the other
          all information which shall be disclosed and indemnifies and holds the
          other harmless against all claims, damages and expenses, including
          reasonable legal fees, resulting from an alleged wrongful disclosure
          which would breach such warranty.

     11.  It is understood that neither party hereby grants to the other any
          rights under existing or future patents, trade secrets, copyrights or
          other proprietary information.

     12.  It is understood that there is no obligation on the part of either
          party to enter into an agreement with the other party.

     IN WITNESS WHEREOF, the parties have executed this Confidentiality
Agreement by their duly authorized representatives as of the date first above
written.

DOVEBID, INC.                            COMDISCO, INC.

By:                                      By:
   -------------------------------          ------------------------------

NAME:                                    NAME:
     -----------------------------            ----------------------------

TITLE:                                   TITLE:
      ----------------------------             ---------------------------

                                       3

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