Document:

Exhibit 10.3

ANNUAL INCENTIVE PLAN 

        The
Company maintains an annual incentive plan whereby certain employees are eligible to
receive cash bonuses equal to a percentage of their base salaries if certain corporate
financial objectives are achieved. The employees selected each year to participate in the
annual incentive plan, as well as the performance targets on which the cash bonuses are
based and the amount of the cash bonuses are determined each year in the discretion of the
Compensation Committee of the Board of Directors of the Company. 

        Employees
in the following categories are eligible to participate in the plan: members of the senior
management team and other employees who can have a significant impact on the financial
results of the Company. Each year, the Chief Executive Officer recommends to the
Compensation Committee the employees whom he believes should participate in the plan, and
the final determination is made by the Compensation Committee. The participation of such
employees in the plan is evidenced by written notice from the Company. 

        If
the Company achieves the performance targets set by the Compensation Committee, the
designated management employees receive specified percentages of their annual salaries in
the form of cash bonuses. Company performance below the target levels will result in lower
or no bonus payments, and Company performance above the target levels will result in
higher bonus payments.Exhibit 10.4

Compensation of Directors

      The Company provides cash compensation to non-employee directors for serving on the Company's Board of Directors or any of the Board's committees as follows:

		•	Annual Fee. Each non-employee director receives an annual fee for service on the Company's Board of Directors, payable in arrears in equal quarterly installments (on March 31st, June 30th, September 30th, and December 31st) and prorated as necessary to reflect service termination during the quarter. The annual fee for any given year is equal to 25,000 multiplied by one-third of the closing price of the Company's common stock on the Nasdaq Stock Market on December 31st of the previous year.
	 
		•	Meeting Fees. Each non-employee director is entitled to receive the following fees for participating in meetings of the Company's board and committees other than the Nominating and Corporate Governance Committee:

	 
		•	$1,500 for attending each board meeting;
	 
		•	$500 for attending each committee meeting; and
	 
		•	$300 for participating in each board or committee conference call.

	 
		•	Nominating and Corporate Governance Committee Fees. Due to the nature of their work, instead of receiving fees on a per-meeting or per-call basis, members of the Company's Nominating and Corporate Governance Committee receive a fee of $200 per hour for meetings, calls and interviews.
	 
		•	Audit Committee Chairman. In addition to the fees set forth above, the Chairman of the Audit Committee is paid a fee of $5,000 per quarter, to compensate him for the additional responsibilities and duties of that position.Exhibit 10.8

March 15, 2005 

     Mr. James J. Cramer 
c/o TheStreet.com, Inc. 
14 Wall Street 
15th Floor 
New
          York, NY 10005 

	  	         Re:  	  	Employment
Agreement, dated as of February 22, 2004 (the "Employment Agreement"), between
                  TheStreet.com, Inc., (the "Company"), and James J. Cramer ("Cramer"). 	 

Dear Jim: 

                                Reference
is made to the Employment Agreement. The parties hereto wish to extend the term of the
Employment Agreement and make certain other changes to its terms. 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 that this letter, when executed by the parties, shall
amend, modify and supplement the Employment Agreement as follows: 

	 	1. 	By
deleting the date “February 21, 2005", in the first sentence of
          Section 1, Paragraph (a), and inserting the date “July 31, 2005".  

	 	2. 	By
adding a new subsection, (f), to Section 2 “Compensation” in the
          following manner:  

	“ 	(f)     
      In addition to the compensation otherwise provided for above, Cramer is
      entitled to receive a fee, effective as of January 1, 2005, from the Company
      relating to his provision of Radio Services for the Company pursuant to
      the Radio Agreement. This fee shall be equal to the Talent Fee actually
      received by the Company from Buckley under the Radio Agreement and shall
      be payable to Cramer upon receipt by the Company.” 

	 	3. 	By
changing the current subsection “(d)” of Section 4 “Employment
          Termination” to subsection “(e)” of Section 4 “Employment
          Termination”.  

	 	4. 	By
inserting a new subsection “(d)” to Section 4 “Employment
          Termination” in the following manner:  

	“ 	 (d)
           In addition to termination as otherwise provided
      for above, Cramer shall have the right to terminate this Employment Agreement
      on a date that is thirty (30) days after the occurrence of a Change of Control.
      For purposes of this Employment Agreement, a Change of Control shall be
      deemed to have occurred in the event any of the following occurs: 

		    (i)     the
        acquisition by any one person or more than one person acting as a group
        (as defined in Q&A 12(b) of IRS Notice 2005-1) (other than the Company
        and its subsidiaries as determined immediately prior to that date and
        any of its or their employee benefit plans) of ownership of stock of the
        Company that, together with stock held by such person or group, constitutes
        more than fifty percent of the total fair market value or total voting
        power of the stock of the Company if such person or group was not an owner
        of at least five percent of the total fair market value or total voting
        power of the stock of the Company immediately prior to the Company’s
        initial public offering; 

		    (ii)     a
        majority of the members of the Company’s Board of Directors being
        replaced during any 12-month period by directors whose appointment or
        election is not endorsed by a majority of the members of the Company’s
        Board of Directors prior to the date of the appointment or election; or
        

		    (iii)     any
        one person or more than one person acting as a group (as defined in Q&A
        14(c) of IRS Notice 2005-1) acquires (or has acquired during the 12-month
        period ending on the date of the most recent acquisition by such person
        or persons) assets from the Company that have a total gross fair market
        value equal to or more than 40 percent of the total gross fair market
        value of all of the assets of the Company immediately prior to such acquisition
        or acquisitions, other than an acquisition of assets of the Company by
        (w) a shareholder of the Company (immediately before the acquisition)
        in exchange for or with respect to the Company’s stock, (x) an entity
        fifty percent or more of the total value or voting power of which is owned,
        directly or indirectly, by the Company, (y) a person, or more than one
        person acting as a group, that owns, directly or indirectly, fifty percent
        or more of the total value or voting power of all the outstanding stock
        of the Company, or (z) an entity at least fifty percent of the total value
        or voting power of which is owned, directly or indirectly, by a person
        described in clause (y).” 

	 	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 J. Cramer

 James
      J. CramerExhibit 10.12

AMENDMENT OF LEASE

AMENDMENT OF LEASE (this “Amendment”), made as of the 31st day of October, 2001, by and between W12/14 WALL ACQUISITION ASSOCIATES LLC (“Landlord”), a New York limited liability company having an office c/o Stellar Management Ltd., 156 William Street, New York, New York 10038, and THESTREET.COM, INC. (“Tenant”), a Delaware corporation having an address at 14 Wall Street, New York, New York 10005.

Statement of Facts

By lease (the “Lease”) dated July 22, 1999, between Landlord and Tenant, Landlord leased to Tenant and Tenant hired from Landlord the entire rentable area of the fourteenth (14th) and fifteenth (15th) floors of the building (the “Building”) located at 14 Wall Street, New York, New York, upon all of the terms, covenants, conditions and provisions more particularly contained in the Lease.  The premises demised under the Lease is hereinafter referred to as the “Original Premises.”  

Landlord and Tenant now desire to amend the Lease by, among other things, removing from the Original Premises the portion of the fourteenth (14th) floor of the Building (the “Surrender Space”), more particularly described on the floor plan attached hereto as Exhibit A, upon all of the terms, covenants and conditions contained in this Amendment.

All capitalized terms used in this Amendment but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Lease.

NOW, THEREFORE, for ten ($10.00) dollars and other good and valuable consideration, the receipt and adequacy of which is hereby mutually acknowledged, Landlord and Tenant hereby agree to the following:

	
            1.
 	
            SURRENDER OF SURRENDER SPACE:
 

(a)         Tenant shall surrender to Landlord the Surrender Space, effective three (3) business days after the date hereof (the “Surrender Effective Date”).  On the Surrender Effective Date, all of Tenant's rights, title and interest in and to the Surrender Space shall end, and Tenant's leasehold estate in the Surrender Space created by the 

 

 

 

Lease shall terminate and expire, as if, with respect to the Surrender Space only, the Surrender Effective Date were the Expiration Date.

(b)         On or before the Surrender Effective Date, Tenant shall quit and surrender to Landlord the Surrender Space in its “as is” condition, except that the Surrender Space shall be “broom clean” and free and clear of all movable furniture, telephones and other office equipment.  The failure of Tenant to quit and surrender to Landlord the Surrender Space in the condition and in the manner provided in the immediately preceding sentence on or before the Surrender Effective Date shall be an Event of Default under the Lease, entitling Landlord to exercise any or all of its rights and remedies under the Lease, and available at law and in equity.  

(c)         All of Tenant's obligations and liabilities under the Lease with respect to the Surrender Space which accrue or arise or relate to matters occurring on or before the Surrender Effective Date shall survive the Surrender Effective Date (except as modified in subsection (b) above with respect to the condition of the Surrender Space as of the Surrender Effective Date).  In addition, Tenant shall remain obligated to comply with all of the terms, covenants and conditions of the Lease with respect to the Surrender Space on Tenant's part to observe, perform and comply with, through and including the date (the "Surrender Date") which is the later of:  (a) the Surrender Effective Date and (b) the date on which Tenant actually quits and surrenders to Landlord the Surrender Space in
the condition and manner hereinbefore provided, and all of Tenant's obligations and liabilities under the Lease with respect to the Surrender Space which accrue or arise or relate to matters occurring on or before the Surrender Date shall survive the Surrender Date (except as modified in subsection (b) above with respect to the condition of the 

 

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Surrender Space as of the Surrender Effective Date).  Nothing contained in this Article shall be deemed to extend the Surrender Effective Date or otherwise permit Tenant to hold-over its occupancy or possession of any portion of the Surrender Space beyond the Surrender Effective Date.

(d)         Tenant hereby covenants, represents and warrants to Landlord that as of the Surrender Effective Date the Surrender Space shall be free of all tenants, subtenants and other occupants and all leases and subleases created by the acts or omissions of Tenant, and there shall be no other persons or entities claiming, or who or which may claim, any rights of possession, occupancy or use of the Surrender Space or any portions thereof.

(e)         Tenant represents and warrants that Tenant has not done or suffered, and shall not do or suffer, anything whereby the Original Premises or any fixtures, equipment or personalty incorporated therein has been or shall be assigned, sublet, pledged or encumbered in any way whatsoever.

	
            2.
 	
            MODIFICATION OF CERTAIN LEASE PROVISIONS:
 

Effective as of the Surrender Effective Date, the Lease shall be deemed modified as follows:

(a)         The “demised premises” shall be deemed to be the Original Premises, excluding the Surrender Space;

(b)         The fixed rent payable pursuant to Section 38B(a) of the Lease shall be decreased by:

(i)          $969,822.00 per year ($80,818.50 per month) for the First Rent Period;

 

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(ii)         $1,002,030.96 per year ($83,502.58 per month) for the Second Rent Period; and

(iii)        $1,071,045.00 per year ($89,253.75 per month) for the Third Rent Period;

(c)         In addition to the reduction of fixed rent set forth in subsection (b) above, the fixed rent payable pursuant to Section 38B(a) of the Lease shall be decreased by:

(i)          $16,011.66 per month for the period beginning on January 1, 2002 and ending on June 30, 2004; 

(ii)         $13,125.16 per month for the period beginning on July 1, 2004 and ending on December 31, 2004;

(iii)        $16,018.66 per month for the period beginning on January 1, 2005 and ending on December 31, 2007; and

(iv)        $18,911.91 per month for the period beginning on January 1, 2008 and ending on November 30, 2009.

If Tenant is in default of the Lease, after the giving of any required notice and the expiration of any applicable cure periods, at any time during the term of the Lease, then this subsection (c) shall be deemed null and void and the fixed rent shall be as set forth in Section 38B(a) of the Lease, as reduced by subsection (b) above only.

(d)         “Tenant’s Proportionate Share” as defined in Section 39A(d) of the Lease shall be decreased by 3.747% to 3.761%

(e)         “Tenant’s Operational Proportionate Share” as defined in Section 39F(e) of the Lease shall be decreased by 3.747% to 3.761%;

 

 

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(f)          The parenthetical at the end of Section 58A of the Lease is hereby deleted and the following is inserted in its place:

“(i.e. 3.761%.).” 

	
            3.
 	
            BROKER:
 

(a)        Tenant covenants, warrants and represents that there was no broker or finder except Colliers ABR, Inc. and Newmark & Company Real Estate, Inc. (collectively the “Broker”) instrumental in consummating this Amendment and that no conversations or negotiations were had by Tenant with any broker or finder except the Broker concerning the surrender of the Surrender Space. Tenant agrees to indemnify and hold Landlord harmless from and against any claims or suits for a brokerage commission arising out of any conversations or negotiations had by Tenant with any broker or finder in connection with the surrender of the Surrender Space.

(b)         Landlord covenants, warrants and represents that there was no broker or finder except the Broker instrumental in consummating this Amendment and that no conversations or negotiations were had by Landlord with any broker or finder except the Broker concerning the surrender of the Surrender Space.  Landlord agrees to indemnify and hold Tenant harmless from and against any claims or suits for a brokerage commission arising out of any conversations or negotiations had by Landlord with any broker or finder in connection with the surrender of the Surrender Space, except the Broker.

 

 

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            4.
 	
            MISCELLANEOUS:
 

(a)         As amended hereby, all of the terms, covenants, conditions and provisions of the Lease shall remain and continue unmodified, in full force and effect.

(b)         This Amendment sets forth the entire agreement between the parties regarding the subject matter hereof, superseding all prior agreements and understandings, written and oral, regarding the surrender of the Surrender Space, and may not be altered or modified except by a writing signed by both parties.

(c)         Landlord and Tenant each represent and warrant to the other that it has not relied upon any representation or warranty, express or implied, in entering into this Amendment, except those which are set forth herein.

(d)         This Amendment has been executed in the State of New York and shall be governed by and construed in accordance with the laws of the State of New York.

(e)         The covenants and agreements herein contained shall bind and inure to the benefit of Landlord, its successors and assigns, and Tenant, its successors and assigns.  If any of the provisions of this Amendment, or its application to any situation, shall be invalid or unenforceable to any extent, the remainder of this Amendment, or the application thereof to situations other than that as to which it is invalid or unenforceable, shall not be affected thereby, and every provision of this Amendment shall be valid and enforceable to the fullest extent permitted by law.

(f)          The captions of this Amendment are for convenience and reference only and in no way define, limit or describe the scope or intent of this Amendment.

 

 

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(g)         This Amendment shall not be binding on any party unless and until it is signed and delivered by Landlord and Tenant.

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

 

	 	LANDLORD: 	 	W12/14 WALL ACQUISITION ASSOCIATES LLC
	 	 	 	 
	 	 	 	By: Stellar 14 Wall Associates LLC

      

          By: Stellar Promote LLC 

      

               By: Wrubel 99 LLC

      

                  
      By: /s/ Arthur Wrubel  
	 	 	 	               Arthur
      Wrubel, Manager
	 	 	 	 
	 	 	 	 
	 	TENANT:	 	THESTREET.COM, INC.
	 	 	 	 
	 	 	 	By: /s/ Thomas
      J. Clarke, Jr.
	 	 	 	     Name:
      Thomas J. Clarke, Jr.

            Title: Chief Executive Officer
	 	 	 	 

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Exhibit
  A

 

Surrender
  Space Floor Plan

 

(follows
  immediately)

 

 

 

 

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