EXHIBIT 10.3 EMPLOYMENT AGREEMENT THIS AGREEMENT made as of the 30 day of October 2002, by and between MediaBay, Inc., a Florida corporation, with offices at 2 Ridgedale Avenue, Cedar Knolls, New Jersey 07927, (the "Company"), and Howard Herrick (the...Employment Agreement • November 14th, 2002 • Mediabay Inc • Retail-catalog & mail-order houses • New Jersey
October 18, 2002 Mr. Hakan Lindskog 39 Wampum Hill Road Westton, CT 06683 Dear Mr. Lindskog: This letter will confirm our agreement to amend the Employment Agreement dated October 1, 2001 between you and MediaBay, Inc. (the "Company") to provide that,...Mediabay Inc • November 14th, 2002 • Retail-catalog & mail-order houses
This letter will confirm our agreement to amend the Employment Agreement dated October 1, 2001 between you and MediaBay, Inc. (the "Company") to provide that, during the term of the Employment Agreement, you shall serve as Chief Executive Officer commencing January 1, 2003. Section 5(a) of the Employment Agreement shall be amended by providing that the annual salary during the period from January 1, 2004 through December 31, 2004 shall be $400,000. You shall also receive a bonus of $25,000 on March 31, 2003 if you are employed by the Company at such time. As additional consideration, the Company shall grant to you options under its 2000 Stock Option Plan as follows: (1) options to purchase 100,000 shares of common stock at an exercise price equal to $1.25, which options shall vest on October 18, 2003 and shall be exercisable until October 18, 2008, and (ii) options to purchase 100,000 shares of common stock at an exercise price of $3.25 per share, which options shall vest on October 18
EXHIBIT 10.1 CONSULTING AGREEMENT Consulting Agreement, dated as of October 18, 2002 and effective as of January 1, 2003 (the "Effective Date") between MEH Consulting Services, Inc. (the "Consultant") and MediaBay, Inc. ("MediaBay" or the "Company")....Consulting Agreement • November 14th, 2002 • Mediabay Inc • Retail-catalog & mail-order houses • New Jersey
