Document:

Ex-10.32

                                 AGREEMENT

      This letter agreement confirms the agreement and understanding of
MediaBay, Inc. ("MBay") and Norton Herrick ("NH") relating to NH's
agreement to permit Carl Wolf to serve as Co-Chairman of MBay and for NH to
relinquish certain duties as a result thereof. In addition, NH agrees to
resign as Chairman of MBay upon either the lenders under MBay's existing
credit agreement consenting to NH's resignation as Chairman or MBay's
repayment of all outstanding obligations under the credit agreement. As
consideration for NH's agreement to resign as Chairman in the manner
contemplated above, permit Carl Wolf to serve as Chairman of MBay,
relinquish certain duties and facilitate a transition of MBay's management,
MBay agrees as follows:

      (a) The Company shall amend its Bylaws in the form attached as
Exhibit A hereto.

      (b) For as long as NH and/or his affiliates and family members
continue to beneficially own at least 20% of the outstanding shares of
common stock of the Company (calculated in accordance with Rule 13d-3(d)(i)
under the Securities Exchange Act of 1934): (i) NH will have the right to
designate up to four (4) nominees for election as members of the Company's
Board of Directors, and the Company shall use its best efforts to cause
such nominees to be elected (including recommending that the Company's
shareholders vote for such nominees and, at NH's request, promptly filling
a vacancy created by the resignation of a director nominated by NH) and
continued in office and (ii) the Company will not increase the size of its
Board of Directors to more than seven (7) members without the prior written
consent of NH, (iii) the Company's Board of Directors will not (and will
not recommend to the Company's shareholders to) amend Section 5 of Article
VII of the By-laws or the supermajority voting provision set forth in
Article XXII of the By-laws relating to Section 5 of Article VII without
the prior written consent of NH and (iv) the Company will not dismiss
counsel currently serving as corporate and securities counsel to the
Company ("Company Counsel") or employ counsel (other than Company Counsel)
for any corporate or securities matters. As long as the Company's Board of
Directors is classified into more than one class of directors, NH's
nominees shall be nominated as members of different class of directors.
NH's initial nominees shall be NH, Michael Herrick and Howard Herrick.

      (c) The Company shall amend NH Option Agreements (defined below) by
deleting the phrase ", but subject to earlier termination as provided
herein or in the Plan" at the end of the sentence in the first paragraph of
Section 4 of each NH Option Agreement and deleting the second through fifth
paragraphs of Section 4 of each NH Option Agreement.

      The term NH Option Agreement means:

            (ii)  Option Agreement dated as of February 9, 1998, as amended
                  on June 16, 1998, relating to the grant of options to
                  purchase 250,000 shares of Common Stock at an exercise
                  price of $3.50 per share.

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            (iii) Option Agreement dated as of September 10, 1998 relating
                  to the grant of options to purchase 750,000 shares of
                  Common Stock at an exercise price of $5.25 per share.

            (iv)  Option Agreement dated as of May 30, 2000 relating to the
                  grant of options to purchase 1,500,000 shares of Common
                  Stock at an exercise price of $4.00 per share.

                                               MEDIABAY, INC.

                                               By: /s/ John F. Levy
                                                  ------------------------
                                                  John F. Levy,
                                                  Chief Financial Officer

AGREED AND ACCEPTED

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

<PAGE>

                                 SCHEDULE A

                       [INSERT AT END OF ARTICLE VII]

5.    The following actions shall require the affirmative vote of at least
      75% of the number of directors, in addition to any other approvals
      which the Board may require:

      (i)   the execution of, amendment to, or modification of, an
            employment agreement with any Chairman, Chief Executive
            Officer, President, Chief Financial Officer or Executive Vice
            President, Senior Vice President, Vice President (a "Listed
            Officer") or any other agreement with a Listed Officer
            compensating such Listed Officer for services rendered to the
            Corporation or any affiliate of the Corporation; or

      (ii)  the grant of any stock option, restricted stock award, deferred
            stock award or other stock-based award to any Listed Officer.

      In the case of any vote by the Board of Directors in connection with
      an action under clause (i) or (ii) above, the vote of the Listed
      Officer shall not be counted as an affirmative vote.

                      [INSERT AT END OF ARTICLE XXII]

Notwithstanding the foregoing, the provisions of Section 5 of Article VII
may be altered, amended or repealed only by the affirmative vote of at
least 75% of the number of directors or by the majority vote of the
shareholders; and the supermajority of this sentence requirement with
respect to the Board of Directors may be altered, amended or repealed only
by the affirmative vote of at least 75% of the number of directors by the
majority vote of the shareholders.EXHIBIT 10.33

                            INDEMNIFICATION AGREEMENT

            This INDEMNIFICATION AGREEMENT dated as of November 8, 2002 by and
between MediaBay, Inc., a Florida corporation (the "Company") and MEH Consulting
Services, Inc. (the "Consultant") and Michael Herrick ("Herrick").

                              W I T N E S S E T H:

            WHEREAS, the Company entered into a consulting agreement with
Consultant to utilize the services of the Consultant from time to time; and

            WHEREAS, the Consultant will cause Herrick to perform services for
or on behalf of the Company as a consultant; and

            WHEREAS, each of the Consultant and Herrick wishes to be indemnified
and held harmless by the Company for any claim, losses, damages or expenses the
Consultant or Herrick may incur in connection with the performance of services
on behalf of the Company and the Company has agreed to provide the Consultant
and Herrick with such indemnification.

            NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants and agreements herein contained, and intending to be legally
bound hereby, the parties hereto agree as follows:

      1. To the maximum extent permitted under the corporate laws of the State
of Florida or, if more favorable, the Articles of Incorporation and/or By-Laws
of the Company as in effect on the date of this Agreement, (a) each of the
Consultant, its officers, directors, employees and agents, and Herrick
(collectively, the "Consultant Parties") shall be indemnified and held harmless
by the Company, as provided under such corporate laws or such Articles of
Incorporation and/or By-Laws, as applicable, for any and all actions taken or
matters undertaken, directly or indirectly, in the performance, in connection
with any services performed by or on behalf of the Company at the Company's
request, and (b) without limiting clause (a), the Company shall indemnify and
hold harmless the Consultant Parties from and against (i) any claim, loss,
liability, obligation, damage, cost, expense, action, suit, proceeding or cause
of action (collectively, "Claims") arising from or out of or relating to the
Consultant's acting, in connection with any services performed by or on behalf
of the Company or in any other capacity, and (ii) any cost or expense
(including, without limitation, reasonable fees and disbursements of counsel for
the Consultant Parties in the event that the defense of such Claim is not
assumed by the Company) (collectively, "Expenses") incurred by the Consultant
Parties in connection with the defense or investigation thereof. The Company
shall have the right to assume the defense of any action for a Claim made
against the Consultant Parties; provided that counsel selected by the Company is
satisfactory to the Consultant. The Consultant Parties shall have the right to
employ separate counsel in the event the Company does not assume defense of any
action for a Claim made against a Consultant Party. If any Claim is asserted or
other matter arises with respect to

<PAGE>

which any Consultant Party believes in good faith the Consultant Party is
entitled to indemnification as contemplated hereby, the Company shall pay the
Expenses incurred by the Consultant Party in connection with the defense or
investigation of such Claim or matter (or cause such Expenses to be paid) on a
monthly basis.

            2. The Consultant Parties shall notify the Company of any Claim as
to which the Consultant Parties have received written notice and which may be
the subject of a claim for indemnification under this Agreement; provided,
however, that the failure to notify the Company shall not release the Company of
its obligations under this Agreement unless and to the extent it is materially
prejudiced thereby.

            3. This Agreement may not be amended, terminated or otherwise
modified or rescinded except in a writing signed by the Company, the Consultant
and Herrick.

            4. Nothing in this Agreement shall constitute the Consultant as an
employee of the Company. Except as might hereinafter be expressly agreed, the
Consultant shall not have the authority to bind, obligate or commit the Company
in every manner whatsoever.

            5. Nothing in this Agreement shall confer upon the Consultant the
right to compensation from the Company or any subsidiary for any services to be
performed.

            6. This Agreement shall be binding upon the Company and its
successors and assigns.

            7. This Agreement shall be governed by the laws of the State of
Florida applicable to contracts made and to be performed therein.

            IN WITNESS WHEREOF, the parties have executed this Agreement as of
the date first above written.

                                               MEDIABAY, INC.

                                               By:  /s/ John F. Levy
                                                    ----------------------------
                                                    Executive Vice President and
                                                    Chief Financial Officer

                                               MEH CONSULTING SERVICES, INC.

                                                    /s/ Michael Herrick
                                                    ----------------------------
                                                    Michael Herrick, President

                                               MICHAEL HERRICK

                                                    /s/ Michael Herrick
                                                    ----------------------------
                                                    Michael Herrick

                                      -2-

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