March 14, 2005

Mr. James
Lonergan


c/o
TheStreet.com, Inc.


14 Wall Street


15thFloor


New York, NY
10005


| |     |                                                                                                                                                                                 
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Re: | Employment
  Agreement, dated as of March 1, 2003 (the Employment Agreement), between
  you and TheStreet.com, Inc., (the Company), as renewed and amended April
  29, 2005.

Dear Jim:

Reference
is made to your renewed and amended Employment Agreement, which expired on
February 28, 2006. We wish to renew the Term of the Employment Agreement for
one (1) year at your current Annual Salary.
Capitalized terms used and not defined herein have the same meanings
ascribed to them in the Employment Agreement.

In
consideration of the foregoing and of the mutual agreements of the parties
herein contained, the parties hereby agree as follows:

| |    |                                                                                                                                                                                                                                                                                                                                                                     
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 1. | The Term of
  the Employment Agreement is hereby renewed, and shall expire on February 28,
  2007.                                                                                                                                                                                                                                                                  
| |    |                                                                                                                                                                                                                                                                                                                                                                     
| | 2. | The Annual
  Salary payable to you under the Employment Agreement shall be $275,000, which
  is equal to your current salary for 2006 as set by the CEO and the
  Compensation Committee of the Board of Directors of the Company, subject to
  review and increase during the Term in accordance with the provisions of
  Section 2(a) of the Employment Agreement.
| |    |                                                                                                                                                                                                                                                                                                                                                                     
| | 3. | By deleting
  the current sub-section 2(b) and replacing it with the following:                                                                                                                                                                                                                                                                                     

| |                                                                                                                                                                                                                                  
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (b)
  Bonus.  Except as set forth in
  Section 4 hereof, in addition to the Annual Salary, Lonergan shall be
  entitled to receive additional cash bonus compensation for his employment during
  calendar year 2006 (the Annual

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| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Bonus) in
  accordance with the bonus plan for senior management of the Company (the
  Bonus Plan) with a target bonus of 65% of his Annual Salary.  Sixty percent (60%) of the Annual Bonus
  shall be based upon achievement of the Companys pre-established financial
  and operational goals and forty percent (40%) shall be based upon
  pre-established individual performance goals, as approved by the Committee
  with meaningful input on all goals from the Chief Executive Officer.

| |    |                                                                                                                                                                                                                                                                                                                            
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 4. | In addition
  to your Annual Salary, you shall receive, on the date hereof, a grant of
  15,000 Restricted Stock Units (RSUs)pursuant to the terms of the Companys
  Amended and Restated 1998 Stock Incentive Plan and an Agreement for Grant of
  Restricted Stock Units.  The RSUs
  shall vest on February 28, 2007.
| |    |                                                                                                                                                                                                                                                                                                                            
| | 5. | Except as
  expressly modified, amended or supplemented by this letter agreement, all
  other terms and provisions of the Employment Agreement shall remain and
  continue unmodified in full force and effect.                                                                                                            

If
the foregoing accurately reflects your understanding, kindly sign this letter
in the space provided below.

| |                           |                            
| | ------------------------- | ---------------------------
| | Best
  regards,          
| | THESTREET.COM,
  INC.    
| |                          
| | By:                       | /s/ Thomas J.
  Clarke, Jr.
| |                           |                            
| | Thomas J.
  Clarke, Jr.  
| | Chief
  Executive Officer
| |                          
| |                          

AGREED &
ACCEPTED:

|                        | 
|----------------------- | 
|/s/ James K.
  Lonergan | 
|                        | 
|James K.
  Lonergan     | 

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