Document:

Exhibit 10.10

                                    2004 Non-Employee Director Stock Option Plan

                        CERTIFICATE OF STOCK OPTION GRANT

Granted to:                       This  stock  option  was  granted  to  you  on
                                  __________ __,  200__  by  your  company.  the
                                  stock  option  price is the FMV on the date of
                                  grant, which was $____________________.

Social Security Number:

Option to Purchase:

Type of Stock Option:

Grant Number:

Grant Date:

Grant Expiration Date:

Grant Price:

Vesting Schedule
Vesting Start Date:  __________ __, 200__

                          Shares
                       Vesting Over       Vesting in
Date of Vest            the Period       Period Occurs     Last Date to Exercise

Authorized by:

deltathree

<PAGE>

                                Deltathree, Inc.

                                Option Agreement

We are  pleased to inform you that you have been  granted an option to  purchase
Deltathree  common  stock.  Your  grant has been made under the  Company's  2004
Non-Employee  Director  Stock Option Plan (the "Plan"),  which together with the
terms  contained in the Certificate of Stock Option Grant available from the AST
Stockplan  website (the  "Certificate"),  sets forth the terms and conditions of
your grant and is incorporated  herein by reference.  You can find a copy of the
Plan in the "Guide to  Deltathree's  Stock  Incentive  Plan".  Please  review it
carefully.

Vesting:

Subject to the terms of the Plan,  shares vest according to the vesting schedule
on the Certificate.

Exercise:

You may exercise this Option, in whole or in part, to purchase a whole number of
vested shares at any time, by following  the exercise  procedures  set up by the
company, and are available on the AST Stockplan website. All exercises must take
place by the Last Date to  Exercise,  or such  earlier date as is set out in the
Plan following  your death or disability.  The number of shares you may purchase
as of any date  cannot  exceed the total  number of shares  vested by that date,
less any shares you have previously acquired by exercising this Option.

All options shall not be assignable or  transferable by the person to whom it is
granted,  either  voluntarily  or by operation of law,  except by will or by the
laws of descent and distribution, and, during the life of the optionee, shall be
exercisable only by the optionee.

Taxes and Withholding:

This option is intended to be a  Non-Qualified  Stock Option.  In the event that
the  Company  determines  that  any  federal,  state,  local or  foreign  tax or
withholding  payment is  required  relating  to the  exercise  or sale of shares
arising  from this  grant,  the  Company  shall have the right to  require  such
payments from you, or withhold such amounts from other  payments due to you from
the Company.

                                       2Exhibit 10.11

                       EXECUTIVE COMPENSATION ARRANGEMENTS

Each year, the Compensation Committee of the Board of Directors determines
whether to award our executive officers a bonus for the fiscal year, based on
pre-established individual and corporate performance objectives. On March 29,
2005, the Compensation Committee approved the specific performance objectives
under the Company's 1999 Performance Incentive Plan for fiscal year 2005. Such
performance objectives will include the Company achieving certain targets for
revenues, gross profit and EBITDA as well as signing up a certain number of
additional customers to use the deltathree platform solution. Listed below are
the salaries and bonuses for our named executive officers that were awarded
during fiscal 2004 and the salaries that have been established for fiscal 2005.
Bonuses for fiscal 2005 have not yet been determined.

Executive Officer               2004 Salary (1)  2004 Bonus (2)  2005 Salary (3)
--------------------------------------------------------------------------------
Shimmy Zimels                   $   180,000      $  125,050      $   248,800
    Chief Executive Officer
    and President
Paul C. White                   $   180,000      $   94,100      $   235,300
    Chief Financial Officer

(1)   Salary shown is the amount actually paid to the executive as salary, and
      not the amount employee was entitled to per executives' employment
      contracts.
(2)   Bonus shown is the aggregate amount of bonuses earned by executive during
      2004 and is the sum of: a one-time bonus awarded by the Compensation
      Committee in the first-half of 2004, and bonuses awarded in 2005 under our
      1999 Performance Incentive Plan for performance during 2004.
(3)   Salaries shown are per executives' employment contracts.

                       DIRECTOR COMPENSATION ARRANGEMENTS

Our non-employee directors receive stock options under our 2004 Non-Employee
Director Stock Option Plan (the "Director Plan") to compensate them for service
on the Board of Directors each year, including for committee membership, with
the number of options determined in accordance with the Director Plan.
Non-employee directors receive $10,000 each fiscal year for service on the Board
of Directors or its committees, other than reimbursement of reasonable travel
expenses.Exhibit 10.13

Forest Hill Select Offshore, Ltd.
Forest Hill Select Fund, L.P.
Lone Oak Partners, L.P.
c/o Forest Hill Capital, LLC
100 Morgan Keegan Drive - Suite 430
Little Rock, Arkansas 72202

Attention:  Mr. Mark A. Lee, Manager

Gentlemen:

      This letter agreement confirms the agreement of the parties to amend
Section 4 of the Securities Purchase Agreement dated as of October 11, 2004 (the
"Agreement"), by and among MediaBay, Inc. (the "Company") and the Purchasers who
are signatories thereto and hereto as amended by letter agreement dated as of
December 14, 2004, by replacing "January 15, 2005" with "May 1, 2005".

      As consideration for such amendment, the parties agree as follows:

      1. Company shall issue to the Purchasers, in accordance with Schedule A
hereto, an aggregate number of shares of Common Stock (the "January Shares")
determined by dividing $100,000 by the last sale price of the Common Stock on
the last trading day immediately prior to the date hereof (the "Current Market
Price").

      2. If the last sale price of the Common Stock is below $0.75 on the date
on which a registration statement (the "Registration Statement") covering the
Registrable Securities is declared effective by the Securities and Exchange
Commission (the "Effective Date"), the Company shall make a payment to the
Purchasers (the "Payment") in an aggregate amount equal to (i) $250,000 (pro
rata in proportion to the number of Shares initially purchased by them pursuant
to the Agreement) less (ii) the value of the January Shares on the effective
date based on the last sale price of the Common Stock on the Effective Date (the
"Effective Date Price"); such payment to be made in cash or in additional shares
of Common stock, at the Purchasers' option, provided, that the Company shall be
entitled to pay cash to the extent that any such issuance would cause the
Purchasers to become 10% or greater securityholders of the Company (as
determined in accordance with Rule 13(d)-1 under the Securities Exchange Act of
1934). Additionally, (i) the Company's obligation to make any such payment in
cash would be subject to the Company obtaining all necessary Consents (as
defined below) and (ii) to the extent the Company is unable to obtain any
Consent and is prohibited from making such payment in cash, the Purchasers shall
accept payment thorough the issuance of shares of Common Stock and the maximum
number of shares of Common Stock which the Company shall issue, when added to
the January Shares (in full satisfaction of its obligation) is 1,800,000 shares.

      3. If, at any time prior to the Effective Date, the last sale price of the
Common Stock is above $4.00 per share (the "Target Price"), each Purchaser shall
have the right (the "Put Right"), exercisable in writing within five business
days after the first trading day on which the last sale price of the Common
Stock is above the Target Price, to require the Company to purchase the number
of its Shares set forth on Schedule B hereto at a price of $3.00 per share (the

<PAGE>

"Put Price"), subject to the Company obtaining the Required Consents. If the
Company notifies the Purchasers that it must obtain one or more Consent, the Put
Right shall not be exercisable until such time as the Company obtains all such
Consents (and the Company shall use commercially reasonable efforts to obtain
the Consents) and shall be exercisable at the Put Price for a period of five
business days after the Company notifies the Purchasers that all Consents have
been obtained. Upon obtaining all Consents, the Company shall pay the Put Price
on the fifth business day thereafter (and if no Consents are required to be
obtained, after receipt of written notice of a Purchase's exercise of the Put
Right); provided, however, if the Company notifies the Purchasers in writing,
that it does not have adequate cash available to make such payment or, in its
reasonable judgment, if the payment was to be made at such time the Company
would not have adequate available cash for its ongoing operations over the
following six months, the Company may pay the Purchase Price in twelve equal
monthly installments, together with interest at the rate of 12% per annum.

      4. The term "Consent" means any consent, approval, vote or waiver required
by the Company (i) under its existing credit agreement and outstanding
indebtedness, each as in effect as of the date hereof, and (ii) from the holders
of the existing series of preferred stock of the Company to (i) in the case of
paragraph 2 above, to make the Payment in cash or (ii) in the case of paragraph
3 above, to repurchase Shares and pay the Put Price therefore.

      Please acknowledge your agreement to the foregoing by signing below.

                            MEDIABAY, INC.

                            By: /s/ John F. Levy
                                ------------------------------------------------
                                Name:  John F. Levy
                                Title: Vice Chairman and Chief Financial Officer

PURCHASERS:

FOREST HILL SELECT OFFSHORE, LTD.

By:             /s/    Mark A. Lee
                ------------------
                Name:  Mark A. Lee
                Title: Manager

FOREST HILL SELECT FUND, L.P.

By:             /s/    Mark A. Lee
                ------------------
                Name:  Mark A. Lee
                Title: Manager

LONE OAK PARTNERS L.P.

By:             /s/    Mark A. Lee
                ------------------
                Name:  Mark A. Lee
                Title: Manager

                                       -2-
<PAGE>

                                   SCHEDULE A

                                       TO

                                LETTER AGREEMENT

Purchaser                               Number of Shares
                                        ----------------
Forest Hill Select Offshore Ltd.              2,645
Forest Hill Select Fund, L.P.                92,593
Lone Oak Partners L.P.                       23,810

                                       -3-
<PAGE>

                                   SCHEDULE B

                                       TO

                                LETTER AGREEMENT

Purchaser                             Number of Shares Subject to Put Right
                                      -------------------------------------
Forest Hill Select Offshore Ltd.                   4,444
Forest Hill Select Fund, L.P.                    155,556
Lone Oak Partners L.P.                            40,000

                                       -4-

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