Amendment No. 1 to

Employment Agreement

By and Between

EDGAR Online, Inc. and

Marc Strausberg

This Amendment No. 1 to the Employment Agreement is dated as of January 31, 2005
and amends that certain Employment Agreement by and between EDGAR Online, Inc.
and Marc Strausberg dated as of April 26, 2004 (the “Employment Agreement”).
 
WHEREAS, the parties wish to amend the Employment Agreement as follows:
 
1.  The following sentence is hereby added to the end of Section 7(b):

“However, in the event of termination of the Employee’s employment pursuant to
this Section 7(b), on the date of the death of the Employee or the 181rst day
after the Employee is deemed physically or mentally disabled for the purposes of
this Agreement, all stock options and other awards under the Company’s stock
option plans shall immediately vest and remain exercisable by the Employee or
the Employee’s representative or Estate for the period of the lesser of (i) the
original term of the stock option or (ii) five years.”
 
2.  In Section 7(c), the third to last word shall read “or” instead of “and.”
 
3.  The following sentence shall be added after the first sentence in Section
7(f):

“In addition, if the Agreement if terminated by either the Company or the
Employee pursuant to this Section 7(f), all stock options and other awards under
the Company’s stock option plans shall immediately vest and remain exercisable
for the period of the lesser of (i) the original term of the stock option or
(ii) five years.”

Other than as provided for herein, all terms and conditions of the Employment
Agreement shall remain in full force and effect.
 

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The parties have executed this Amendment No. 1 as of the date first written
above.
 

        EDGAR ONLINE, INC.  
   
   
  Date: January 31, 2005 By:   /s/ Greg D. Adams  

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  COO and CFO

 

        By:   /s/ MARC STRAUSBERG  

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Marc Strausberg  

 
 

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