Document:

TERMINATION AGREEMENT

      AGREEMENT, dated as of the 8th day of March 2004, among XNH Consulting
Services, Inc., a Florida corporation ("XNH"), MediaBay, Inc., a Florida
Corporation ("MediaBay" or the "Company"), and Norton Herrick ("Herrick").

                              W I T N E S S E T H :
                               - - - - - - - - - -

      WHEREAS, XNH, Herrick and the Company entered into a Consulting Agreement
dated May 1, 2003 (the "Consulting Agreement"); and

      WHEREAS, subject to the terms and conditions herein contained, the parties
hereto wish to terminate the Consulting Agreement effective as of December 31,
2003;

      NOW, THEREFORE, in consideration of the covenants herein contained, the
parties hereto hereby agree as follows:

      1. TERMINATION OF CONSULTING AGREEMENT. Effective as of December 31, 2003
("Termination Date"), and except as expressly set forth herein, the Consulting
Agreement is terminated and is of no further force or effect.

      2. ADVISORY SERVICES. XNH will cause Herrick to provide advisory services
to the Company, from time to time upon request by MediaBay, as determined by XNH
in its sole discretion, and in accordance with Herrick's availability, by
telephone, e-mail, or scheduled appointment. It is understood and agreed that
while providing advisory services, if any, to the Company hereunder, XNH and
Herrick may engage in any business or employment activities in any field either
for his own account or for the account of others subject to the provisions of
Section 3 below.

      3. NONCOMPETITION COVENANT. Herrick and XNH agree that the Noncompetition
Covenant in Section 3 of the Consulting Agreement will survive the termination
of the Consulting Agreement for a period of three years from the Termination
Date.

      4. NONDISCLOSURE OBLIGATION. Herrick and XNH agree that the Nondisclosure
Covenant in Section 4 of the Consulting Agreement will survive the termination
of the Consulting Agreement for a period of three years from the Termination
Date.

      5. TERMINATION PAYMENT AND INSURANCE. In consideration for the advisory
services that may be provided by Herrick and XNH and the extensions of the
noncompetition covenant and nondisclosure obligation agreed to by Herrick and
XNH, as set forth in Sections 2 through 4 of this Agreement, and as
consideration for the Company's termination of the Consulting Agreement, the
Company agrees to pay to XNH a fee at the rate of $7,500 per month for 16 months
commencing on January 1, 2004. In addition, Herrick shall remain entitled to
receive insurance and employee benefits applicable to officers of the Company,
to the extent permitted by any benefit plan now or hereinafter in effect and, if
health insurance benefits for Herrick are not permitted by any such plan, the
Company shall reimburse Herrick for COBRA coverage in an amount equal to what
the cost of such benefits would be under the Company's benefit plans.

                                       1
<PAGE>

      6. INDEPENDENT CONTRACTOR. It is expressly understood and agreed that
during the term of this Agreement, Herrick and XNH's relationship to MediaBay
will be that of an independent contractor and that neither this Agreement nor
the services to be rendered hereunder shall for any purpose whatsoever or in any
way or manner create, expressly or by implication, any employer-employee
relationship, partnership, joint venture or other relationship with MediaBay
other than that of independent parties contracting with each other solely for
the purpose of carrying out the provisions of the Agreement. XNH and Herrick
shall have sole responsibility for the payment of all federal, state and local
income taxes and for Social Security and other similar taxes with respect to any
compensation provided by MediaBay hereunder. Neither XNH nor Herrick is
authorized to bind MediaBay, or to incur any obligation or liability on behalf
of MediaBay, except as expressly authorized by MediaBay in writing. XNH
understands and agrees that the work to be performed, if any, is not covered
under the unemployment compensation laws and that the work to be performed is
not intended to be covered by applicable worker's compensation laws.

      7. INDEMNIFICATION. The Company and Herrick acknowledge that the
indemnification agreement dated as of November 15, 2002 by and between the
Company and Herrick shall remain in full force and effect and that the Company
shall indemnify XNH for any Claims (as defined in such indemnification
agreement) against XNH to the extent that Herrick is entitled to receive
indemnification therefor.

      8. MISCELLANEOUS.

            8.1 NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given or
made as of the date delivered or mailed if delivered personally or mailed by
registered or certified mail, postage prepaid, return receipt requested, to the
parties at their respective addresses set forth below:

                               If to the Company:
                                 MediaBay, Inc.
                         2 Ridgedale Avenue - Suite 300
                             Cedar Knolls, NJ 07927

                              If to XNH or Herrick:
                        c/o XNH Consulting Services, Inc.
                            2295 Corporate Blvd. N.W.
                                    Suite 222
                              Boca Raton, FL 33431

            8.2 ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement of the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements and understandings of the parties, oral and
written, with respect to the subject matter hereof.

                                       2
<PAGE>

            8.3 CHOICE OF LAW/GOVERNING LAW. This Agreement shall be construed
and enforced in accordance with the internal laws of the State of New Jersey
without reference to its conflicts of laws provisions.

            8.4 AMENDMENT. This Agreement may only be modified by a written
instrument, which is executed by each of the parties hereto.

            8.5 HEADINGS. The headings contained herein are for the sole purpose
of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms of this Agreement.

            8.6 BINDING EFFECT; BENEFIT. This Agreement shall inure to the
benefit of, and be binding upon, the parties hereto and their respective heirs,
legal representatives, successors and assigns.

            8.7 COUNTERPARTS AND FACSIMILE. This Agreement may be executed in
one or more counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instrument. For purposes
of this Agreement signatures received by facsimile shall have the same force and
effect as original signatures.

                            [SIGNATURE PAGE FOLLOWS]

                                       3
<PAGE>

      IN WITNESS WHEREOF, this Agreement has been executed and delivered by the
parties hereto as of the date first above written.

                                              MEDIABAY, INC.

                                              By:    /s/ John F.  Levy
                                                     ---------------------------
                                              Name:  John F. Levy
                                              Title: Executive Vice President

                                              XNH Consulting Services, INC.

                                              By:    /s/ Norton Herrick
                                                     ---------------------------
                                              Name:  Norton Herrick
                                              Title: President

                                              /s/ Norton Herrick
                                              ----------------------------------
                                              Norton Herrick, individually

                                       4EXHIBIT 10.1
                   EMPLOYMENT AGREEMENT BETWEEN THE REGISTRANT
                     AND JOHN THATCH, DATED NOVEMBER 2, 1999

<PAGE>

                              EMPLOYMENT AGREEMENT

      This EMPLOYMENT AGREEMENT, made and entered into as of the 2nd day of
November 1999, by and between New Millenium Media International, Inc., a
Colorado Corporation (the "Corporation"), and Mr. John Thatch, an individual
residing in Clearwater, Florida (the"Executive").

                                WITNESSETH THAT:

      WHEREAS, the Corporation desires to employ the Executive in the capacity
hereinafter stated, and the Executive desires to enter into the employ of the
Corporation in such capacity for the period and on the terms and conditions set
forth herein;

      NOW THEREFORE, in consideration of the mutual covenants and agreements set
forth below, it is hereby covenanted and agreed by the Corporation and the
Executive as follows:

      1. EMPLOYMENT PERIOD. The Corporation hereby agrees to employ the
Executive as its President and Chief Executive Officer and the Executive, in
such capacities, agrees to provide services to the Corporation for the period
beginning on the date first above written (the "COMMENCEMENT DATE") and ending
on the third anniversary of the Commencement Date (the "EMPLOYMENT PERIOD").

      2. PERFORMANCE OF DUTIES. The Executive agrees that during the Employment
Period, while he is employed by the Corporation, he shall devote his best
efforts, energies and talents to serving in the capacities of President and
Chief Executive Officer of the Corporation in the bet interests of the
Corporation, and to perform the duties assigned to him by the Board of Directors
faithfully, efficiently and in a professional manner; provided that the
Executive shall not, without his consent, be assigned duties that would be
inconsistent with those of the President and Chief Executive Officer of the
Corporation.

      3. COMPENSATION. Subject to the terms and conditions of this Agreement,
during the Employment Period, the Executive shall be compensated by the
Corporation for his services as follows:

            (a) He shall receive, for each 12-consecutive month period beginning
on the Commencement Date and each anniversary thereof, a rate of salary that is
not less than $120,000 per year, payable in substantially equal monthly or more
frequent installments. The Corporation shall also provide an additional $10,000
yearly for non accountable expenses, payable at least monthly to Executive.
During the Employment Period the Executive's salary rate shall be reviewed by
the Board of Directors on or before each anniversary of the Commencement Date to
determine whether an increase in his rate of compensation is appropriate.

            (b) He shall receive, as of the date hereof, ten percent of all
issued and outstanding common stock of the Corporation as of, plus stock options
which shall be determined by the Board of Directors.

<PAGE>

            (c) He shall be eligible to receive incentive compensation payments
which, in the aggregate, are not less than the highest such payments provided to
any other senior executives of the Corporation. The Corporation intends to
establish an incentive compensation program pursuant to which such incentive
payments shall be paid to the executive and, at the time such program is
established, payments thereunder shall be made to the Executive as is such
program was in effect as of the Commencement Date based on the Executive's
performance or other relevant factors from the Commencement Date.

            (d) He shall be a participant in the following executive benefit
plans maintained by the Corporation on substantially the same terms and
conditions as other senior executives of the Corporation: group life insurance,
group medical, long-term disability, thrift, pension, vacation, sick days,
educational assistance, vehicle allowance, attendance awards and annual medical
physical.

            (e) He shall be entitled to receive the following perquisites which
shall not be less favorable to the Executive then the perquisites provided by
the Corporation immediately prior to the Employment Period: reimbursement of
family medical insurance of $500.00 per month, reimbursement of vehicle
allowance of $500.00 per month and reimbursement of $250.00 a month for cellular
phone expenses.

            (f) He shall be reimbursed by the Company for all reasonable
business, promotional, travel and entertainment expenses incurred or paid by him
during the employment period in the performance of his services under this
Agreement provided that the Executive furnishes to the Company appropriate
documentation in a timely fashion required by the Internal Revenue code in
connection with such expenses and shall furnish such other documentation and
accounting as the Company may from time to time reasonably request.

            (e) It is acknowledged that the Corporation intends to utilize a
employee leasing or payroll company. This employment contract shall survive any
and all termination of any employee leasing and/or payroll company that
Corporation engages now or in the future. The Executive shall not give up any
rights or entitlements under any such employee leasing and/or payroll
agreements.

            (e) It is acknowledged that the Corporation intends to utilize a
employee leasing or payroll company. This employment contract shall survive any
and all termination of any employee leasing and/or payroll company that
Corporation engages now or in the future. The Executive shall not give up any
rights or entitlements under any such employee leasing and/or payroll
agreements.

      4. COMPENSATION DUE UPON TERMINATION. Except as otherwise provided under
the executive benefit plans maintained by the Corporation in which the Executive
participates in accordance with the subparagraph 3(d), the Executive's right to
compensation for periods after the date his employment with the corporation
terminates shall be determined in accordance with the following:

            (a) DISCHARGE WITHOUT CAUSE. In the event the Corporation terminates
the Executive's employment under this Agreement without cause, the Executive
shall be entitled to receive:

                                        2

<PAGE>

                  (i) all payments of his salary (as of the date of termination)
      in accordance with the provisions of subparagraph 3 (a) for the lesser of
      (a) tweleve months or (b) the remainder of the Employment Period; and

                  (ii) payment of any incentive compensation payments that
      otherwise would have been payable to the Executive under subparagraph 3
      (c) through the date his employment with the Corporation terminates.

            (b) VOLUNTARY REGISTRATION. The Corporation shall have no obligation
to make payments to the Executive in accordance with the provisions of paragraph
3 for periods after the date on which the Executive's employment with the
Corporation terminates due to the Executive's voluntary resignation.

            (c) DISCHARGE FOR CAUSE. The Corporation shall have no obligation to
make payments to Executive in accordance with he provisions of paragraph 3 for
periods after the Executive's employment with the Corporation is terminated on
account of the Executive's discharge for cause. For purposes of this Section 4,
the Executive shall be considered discharged for "cause" if he is discharged by
the Corporation on account of the occurrence of one or more of the following
events:

                  (i) the Executive becomes habitually addicted to drugs or
      alchahol;

                  (ii) the Executive discloses confidential information in
      violation of paragraph 5;

                  (iii) the Executive engages in competition in violation of
      paragraph 6;

                  (iv) the Corporation is directed by regulatory or governmental
      authorities to terminate the employment of the Executive.

                  (v) The Executive flagrantly disregards his duties under this
      Agreement after (A) notice has been given to the Executive by the Board of
      Directors of the Corporation that it vies the Executive by the Board of
      Directors of the Corporation that it views the Executive to be flagrantly
      disregarding his duties under this Agreement and (B) the Executive has
      been given a period of 10 days after such notice to cure such misconduct
      (provided that no such notice or cure period shall be required is
      Executive's disregard of his duties has materially and adversely affected
      the Corporation);

                  (vi) The Executive commits an act of fraud against the
      corporation or violates a duty of loyalty to the Corporation or violates
      paragraph 2.

            (d) DISABILITY. The Corporation shall have no obligation to make
payments to the Executive in accordance with the provisions of paragraph 3 for
periods after the date the Executive's employment with the Corporation
terminates on account of disability. For purposes of this subparagraph 4 (d),
determination of whether the Executive is disabled shall be

                                       3

<PAGE>

Determined in accordance with the Corporation's long term disability plan and
applicable law, except payments due and owing as of such date.

      5. CONFIDENTIAL INFORMATION. Except as may be required by the lawful order
of a court or agency of competent jurisdiction, the Executive agrees to keep
secret and confidential indefinitely all non-public information concerning the
Corporation and its affiliates that was acquired by or disclosed to the
Executive during the course of his employment by the Corporation or any of its
affiliates, including information relating to customers (including, statements),
costs, and operations, financial data and plans, whether past, current or
planned and not to disclose the same, either directly or indirectly, to any
other person, firm or business entity, or to use it in any way; provided,
however, that the provisions of this paragraph 5 shall not apply to information
that is in the public domain or that was disclosed to the Executive by
independent third parties who were not bound by an obligation of
confidentiality. The Executive further agrees that he shall not make any
statement or disclose that (a) would be prohibited by applicable Federal or
state laws or (b) is intended or reasonably likely to be detrimental to the
Corporation or any of its subsidiaries or affiliates.

      6. SUCCESSORS. This Agreement shall be binding on, and inure to the
benefit of, the Corporation and its successors and assigns and any person
acquiring, whether by merger, consolidation, purchase of assets or otherwise,
all or substantially all of the Corporation's assets and business.

      7. NONALIENATION. The interest of the Executive under this Agreement are
not subject to the claims of his creditors, other than the Corporation, and may
not otherwise be voluntarily or involuntarily assigned, alienated or encumbered
except to the Executive's estate upon his death.

      8. REMEDIES. The Executive acknowledges that the corporation would be
irrepairibly injured by a violation of paragraph 5, and agrees that the
Corporation shall be entitled to an injunction restraining the Executive from
any actual or threatened breach of paragraph 5, or to any other appropriate
equitable remedy without bond or other security being required.

      9. WAIVER OF BREACH. The waiver by either the Corporation or the Executive
of a breach of any provision of this Agreement shall not operate as or be deemed
a waiver of any subsequent breach by either the Corporation or the Executive.

      10. NOTICE. Any notice to be given hereunder by a party hereto shall be in
writing and shall be deemed to have been given when received or, when deposited
in the U.S. mail, certified or registered mail, postage prepaid:

                                        4

<PAGE>

<TABLE>
<CAPTION>
<S>                                                           <C>
(e) to the Executive addressed as follows:

                                                              Mr. John Thatch
                                                              P.O. Box 8337
                                                              Clearwater,
                                                              Florida 33758

(f) to the Corporation addressed as follows:

                                                              New Millenium Media International, Inc.
                                                              101 Philipe Parkway
                                                              Suite 300
                                                              Safety Harbor, Florida 34695
                                                              Attn:____________________________
</TABLE>

      11. AMENDMENT. This Agreement may be amended or cancelled by mutual
agreement of the parties in writing without the consent of any other person and
no person, other than the parties thereto (and the Executive's estate upon his
death), shall have any rights under or interest in this Agreement or the subject
matter hereof.

      12. APPLICABLE LAW. The provisions of this Agreement shall be construed in
accordance with the internal laws of the State of Florida.

      13. TERMINATION. All of the provisions of this Agreement shall terminate
after the expiration of the Employment Period.

      14. Non-Competition. The Executive agrees for a period one year commencing
on the expiration of this agreement that the Executive shall not compete with
the Corporation or become a officer, director, employee of a company,
corporation or partnership that directly or indirectly competes with the
business that Corporation is currently engaged with. The executive further
agrees not to solicit for employment any employees or customers of Corporation
or any affiliates there of.

                                        5

<PAGE>

      IN WITNESS WHEREOF, the Executive and the Corporation have executed this
Employment Agreement as of the day and year first above written.

                                    /s/ John
Thatch
                                    John Thatch

                                    NEW MILLENIUM MEDIA INTERNATIONAL, INC.

                                    /s/ Gerald C. Parker
                                    ---------------------------------------
By: Gerald C. Parker
                                    Its: Chairman

                                        6

<PAGE>

                                   ADDENDUM TO
                              EMPLOYMENT AGREEMENT

      This ADDENDUM TO EMPLOYMENT AGREEMENT, made and entered into as of the 1st
day of June 2000, by and between New Millenium Media International, Inc., a
Colorado corporation (the "Corporation"), and Mr. John Thatch, an individual
residing in Clearwater, Florida (the "Executive").

                                WITNESSETH THAT:

      WHERAS, the Parties hereto entered into an Employment Agreement dated
November 2, 1999 for a term of three years;

      WHEREAS, the Parties desire to change an element of the employee's
compensation as stated in said Employment Agreement.

      NOW THEREFOR, in consideration of the mutual covenants and agreements set
forth herein, it is hereby covenanted and agreed by the Corporation and the
Executive as follows:

      1.    Paragraph 3.(a) of the Employment Agreement between the parties
            hereto is deleted in its entirety and substituted in its stead shall
            be the paragraph 3.(a) as follows:

            "3.   (a) He shall receive, for the first 12-consecutive month
                  period beginning on the beginning January 1, 2000 a rate of
                  salary that is not less than $140,000 per year, payable in
                  substantially equal monthly or more frequent installments. For
                  the balance of the term of this Employment Agreement beginning
                  on January 1, 2001 and for the balance of the employment term
                  the EXECUTIVE shall receive a rate of salary that is not less
                  than $120,000 per year, payable in substantially equally
                  monthly or more frequent installments. The Corporation shall
                  also provide an additional $10,000 yearly for non accountable
                  expenses, payable at least monthly to Executive. During the
                  Employment Period the Executive's salary rate shall be
                  reviewed by the Board of Directors on or before each
                  anniversary of the Commencement Date to determine whether an
                  increase in his rate of compensation is appropriate."

<PAGE>

2.    In all other respects the said November 2, 1999 Employment Agreement shall
      remain unchanged and is hereby ratified and affirmed as modified herein.

      IN WITNESS WHEREOF, the Executive and the Corporation have executed this
Employment Agreement as of the day and year first above written.

                                    /s/ John
Thatch
                                    John Thatch

                                    /s/ Gerald C. Parker
                                    --------------------------------------------
                                    By: Gerald C. Parker
                                    Its: Chairman

                                    NEW MILLENIUM MEDIA INTERNATIONAL, INC.

                                        2

<PAGE>

                    Extension/Renewal of Employment Agreement

This Extension/Renewal of Employment Agreement is entered into this 18th Day of
November 2002 in Pinellas County, Florida by and between New Millenium Media
International, Inc. (NMMI) and John "JT" Thatch.

Whereas, NMMI entered into a written executive employment contract with John
"JT" Thatch dated November 2, 1999 that employed said John "JT" Thatch as
president and chief executive officer of NMMI for a term of three years from
January 1, 2000.

Whereas, said three year executive employment contract will expire December 31,
2002.

Whereas, after discussion and negotiation it has been determined by both parties
hereto to be in their respective best interests to extend and renew the said
November 2, 1999 executive employment contract of NMMI with John "JT" Thatch as
president and CEO.

                                   WITNESSETH

FOR AND IN CONSIDERATION of the promises, covenants and conditions contained
herein, ten dollars and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto intending to be
legally bound, agree as follows:

1.       The recitations as stated above, unless in direct conflict with the
         covenants herafter shall be included as a part of this Agreement. In
         the event of any such direct conflict in terms, then the terms
         hereafter of this Agreement shall govern.
2.       The November 2, 1999 Employment Agreement entered into by and between
         NMMI and John "JT" Thatch is hereby extended/renewed for an additional
         three year term effective without interruption from January 1, 2003
         through December 31, 2005.
3.       In all respects said Employment Agreement is hereby ratified and
         affirmed.

     IN WITNESS WHEREOF, the undersigned parties hereto have executed this
     Extension/Renewal of Employment Agreement this 18th day of November 2002.

John "JT"  Thatch

/s/ John Thatch
Individually

NEW MILLENIUM MEDIA INTERNATIONAL, INC.

/s/ John Thatch
By: John "JT" Thatch  CEO/President Director

<PAGE>

                               SECOND ADDENDUM TO
                                       THE
                              EMPLOYMENT AGREEMENT

      This SECOND ADDENDUM TO THE EMPLOYMENT AGREEMENT is made and entered into
as of this 3rd day of February, 2004, by and between New Millenium Media
International, Inc., a Colorado Corporation (the "Corporation") and Mr. John
Thatch, an individual residing in Clearwater, Florida (the "Executive").

                                 WITNESSETH THAT

      WHEREAS, the Corporation and the Executive (collectively, the "Parties")
entered into an Employment Agreement (the "Employment Agreement") on November 2,
1999 for a term of three years (the "Employment Period");

      WHEREAS, the Parties entered into an Extension/Renewal of the Employment
Agreement on November 18, 2002 for an additional three year term effective from
January 1, 2003 through December 31, 2005 (the "Renewal Period"); and

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth herein, it is hereby covenanted and agreed by the Corporation and the
Executive as follows:

      1. Paragraph 3(b) of the Employment Agreement between the parties hereto
is deleted in its entirety and substituted therefore shall be the following:

      "3. COMPENSATION. Subject to the terms and conditions of this Agreement,
during the Employment Period, the Executive shall be compensated by the
Corporation for his services as follows:

                  (b) He shall receive a total of 3 million (3,000,000) shares
of common stock in the Corporation, which does not include the conversion of any
preferred stock into common stock. He shall also receive one percent (1%) of all
revenue derived from any licensing fees received by the Corporation in
connection with the commercialization of the OnScreen Large Scale Video Display
("OSD").

      2. In all other respects the Employment Agreement shall remain unchanged
and is hereby ratified and affirmed as modified herein.

                                        1

<PAGE>

The effectiveness of this Second Amendment to the Employment Agreement is
conditioned on closing and funding in full the October 16, 2003 offering for
seven million two hundred thousand dollars ($7,200,000) within the terms and
conditions as stated in the Memorandum of Terms, 1,600 Units that designates the
specific terms and conditions for the offering (hereafter referred to as the
"Offering"). Should the Offering fail to close and be fully funded for the said
seven million two hundred thousand dollars ($7,200,000), then this Second
Amendment to the Employment Agreement shall be void and have no effect.

         IN WITNESS WHEREOF, the Executive and the Corporation have executed
this Second Addendum to the Employment Agreement as of the date first above
written.

THE EXECUTIVE:

/s/ John Thatch
-----------------------------------------------
Name: John Thatch

THE CORPORATION:

/s/ Mark R. Chandler
----------------------------------------------
Name: Mark R. Chandler
Its:  Chief Financial Officer
For:  New Millenium Media International, Inc.

                                        2

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