EXHIBIT 10.45

AMENDMENT NO. 2 to SEVERANCE AGREEMENT

          This Amendment No. 2 (the “Amendment”) dated as of December 21, 2011
(the “Effective Date”) amends that certain Severance Agreement dated as of
July14, 2009 between TheStreet, Inc., a Delaware corporation (f/k/a
TheStreet.com, Inc., the “Company”) and Gregory E. Barton (“Barton” and,
collectively with the Company, the “Parties”), as previously amended by
Amendment No. 1 thereto dated as of March 28, 2011 (as so amended, the
“Agreement”).

          Pursuant to this Amendment, the parties hereby agree to further amend
the Agreement, effective on Effective Date, as follows:

 

 

 

 

 

1.

Section 1(a) of the Agreement hereby is deleted in its entirety and replaced
with the following:

 

 

 

 

 

 

“(a) In the event that the Company (or Successor (as defined below), if
applicable) terminates Barton’s employment with the Company (or Successor, as
applicable) without Cause or Barton voluntarily terminates his employment with
the Company (or Successor, if applicable) for Good Reason, in either case on or
before July 14, 2014 (the date of such termination, the “Termination Date”),
then:

 

 

 

 

 

 

(i)

the Company (or Successor, if applicable) shall (A) pay Barton an amount equal
to nine (9) months of Barton’s base salary (at the annual rate in effect
immediately prior to termination, excluding any reduction that would constitute
grounds for Barton to terminate his employment with Good Reason); and (B) pay on
Barton’s behalf (for a period of nine (9) months or such lesser period as Barton
may elect) the full cost of premiums for continuation of any benefits that
Barton is eligible under COBRA to elect to (and does elect to) continue; and

 

 

 

 

 

 

(ii)

for purposes of determining the number of vested (and, in the case of stock
options and stock appreciation rights, exercisable) shares of restricted stock,
restricted stock units, stock options, stock appreciation rights or other
stock-based awards under each stock-based award agreement outstanding on the
Termination Date between the Parties (the “Stock-Based Award Agreements”), (X)
Barton shall be treated on the Termination Date as if his full-time employment
with the Company had continued through the first anniversary of the Termination
Date (the “First Anniversary”) and been terminated by the Company without cause
(as defined in each Stock-Based Award Agreement for the purposes of such
agreement) immediately thereafter, and (Y) the vesting of any shares of
restricted stock, restricted stock units, stock options, stock appreciation
rights or other stock-based awards under the Stock-Based Award Agreements that
would not have vested (or, in the case of stock options and stock appreciation
rights, become exercisable) had Barton remained in employment through the First
Anniversary shall be suspended and such shares of restricted stock, restricted
stock units, stock options, stock appreciation rights or other stock-based
awards shall be automatically forfeited and expire on the sixth month
anniversary of the Termination Date (the “Six-Month Anniversary”) unless a
definitive agreement, tender offer or a letter of intent respecting a Change of
Control (as such term is defined in TheStreet.com, Inc. 2007 Performance
Incentive Plan, as amended and restated effective May 27, 2010) transaction

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involving the Company (a “Change of Control Agreement”) is entered into or
received (as the case may be) by the Company subsequent to the Effective Date
but prior to the Six-Month Anniversary, in which case such shares of restricted
stock, restricted stock units, stock options, stock appreciation rights or other
stock-based awards shall be automatically forfeited and expire on the First
Anniversary unless a Change of Control as contemplated by the Change in Control
Agreement is consummated by the First Anniversary in which case such shares of
restricted stock, restricted stock units, stock options, stock appreciation
rights or other stock-based awards shall immediately vest (and in the case of
stock options or stock appreciation rights become immediately exercisable) upon
the consummation of the Change of Control. Nothing contained herein is intended
to adversely affect any of Barton’s rights under the Stock-Based Award
Agreements.”

 

 

 

 

 

2.

Section 1(d) of the Agreement hereby is amended to replace the phrase “Section
1(a)(i)” with the phrase “Section 1(a)(i)(A)”.

 

 

 

 

 

3.

Except as expressly set forth above, the Agreement remains unmodified and in
full force and effect.

 

 

 

 

 

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

 

 

 

THESTREET, INC.

 

 

 

 

By:

/s/ William R. Gruver

/s/ Gregory Barton

 

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Name:

William R. Gruver

Gregory Barton

 

 

 

Title:

Chair, Compensation Committee

 

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