Document:

DARYL
OTTE

    Chief
Executive Officer

    

    

    

    

    

    October
27, 2009

    

    Mr. James
J. Cramer

    c/o
TheStreet.com, Inc.

    14 Wall
Street, 15th
Floor

    New York,
New York  10005

    

    

    
      	
               
      

            	
              Re:

            	
              Employment
      Agreement dated as of January 1, 2008 between TheStreet.com, Inc. (the
      “Company”) and James J. Cramer (“you,” “Cramer”), as amended
      (the “Employment Agreement”)

            

    

    

    Dear
Jim:

    

    You and
the Company each desire to further amend the Employment Agreement, and to agree
on other matters, each as set forth herein.  In consideration of the
mutual covenants set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by each
party, the parties hereby agrees as follows:

    

    1.           Section
2(a)(ii) of the Employment Agreement is hereby amended and restated to read in
its entirety as follows:

    

    “(ii)           (a)
For the period from January 1, 2009 through September 30, 2009, at a rate of One
Million Three Hundred Thousand Dollars ($1,300,000) per annum; and (b) for the
period from October 1, 2009 through December 31, 2009, at a rate of One Million
Five Hundred Sixty Thousand Dollars ($1,560,000) per annum; and”

    

    2.           
Your annualized target bonus pursuant to Section 2(b) of the Employment
Agreement in respect of fiscal year 2009 shall be One Million Twenty-Three
Thousand Seven Hundred and Fifty Dollars ($1,023,750), subject to the proviso
specified in Section 2(b) of the Employment Agreement.

    

    3.           You
acknowledge that you are not required to be granted a new long-term cash
incentive award for fiscal year 2009 or any later year (unless the Company in
its sole discretion were to determine otherwise), of the type described as a
long-term cash incentive in the Company’s proxy statement dated April 17, 2009
(the “Phantom Share Program”); provided, that to the extent the Company has an
obligation to adjust outstanding long-term cash incentive awards upon the
occurrence of certain events (including any such obligation that may exist upon
the occurrence of events specified in Section 4.4 of the Company’s 2007
Performance Incentive Plan), the foregoing shall not limit such obligation of
the Company to make such adjustment.  The Company shall pay you any
amounts it is obligated to pay you under the award previously made to you under
the Phantom Share Program, as and when any such payment may be
due.  Notwithstanding the foregoing, the provisions of this paragraph
3 shall not limit the payment of any compensation required by the Employment
Agreement, including without limitation, pursuant to the last paragraph of
Section 2(c).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      Mr. James
J. Cramer

      October
27, 2009

      Page
2

    

    
 

    4.           Except
as may be expressly amended as set forth above, the Employment Agreement and
other existing agreements between you and the Company shall remain unmodified
and in full force and effect.

    

    5.           This
letter agreement sets forth the entire agreement of the parties with respect to
the subject matter hereof and supersedes all prior agreements, written or oral,
between the parties in connection therewith.  No modification to this
letter agreement shall be binding unless in writing and signed by both
parties.  This letter agreement may be executed in one or more
counterparts, both of which shall be considered one and the same agreement and
shall become effective when one or more counterparts have been signed by each
party and delivered to the other party, it being understood that both parties
need not sign the same counterpart.  Signatures delivered via
facsimile or electronically in PDF format shall be deemed originals for all
purposes.

    

    Please
sign below to indicate your agreement with the foregoing, and return the
original of this letter to me.

    

    [Remainder
of the page intentionally left blank]

     

     

     

     

     

    

 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      Mr. James
J. Cramer

      October
27, 2009

      Page
3

    

    

    
      

    

    

    
      	 	 	      
              Sincerely,

              

              THESTREET.COM,
      INC.

               

               

            
	
               
      

            	
              By:

            	
              Daryl
      Otte

              Chief Executive
  Officer

            

    

     

    

    AGREED
AND ACCEPTED:

    

    

    

    _________________________

    James J.
Cramer

    
      
        
          [Signature Page to Amendment to
James J. Cramer Employment Agreement]Unassociated Document

    EXHIBIT
10.1

    

    EMPLOYMENT
AGREEMENT

    

    This
Agreement (this “Agreement”)
is entered into by and among China Shandong Industries, Inc., a Delaware
corporation (the “Company”)
and subsidiaries, and Yuhong Lei (the “Employee”),
effective as of March 30, 2010 (“Effective Date”).

    

    WHEREAS,
the Company desires to employ the Employee on the terms and conditions set forth
herein, and the Employee desires to be employed by the Company in such capacity
on such terms and conditions.

    

    NOW,
THEREFORE, in consideration of the mutual promises contained herein, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

     

    1.    Employment. The
Company hereby employs the Employee, and the Employee hereby accepts such
employment on the terms and conditions hereinafter set forth.

    

    2.           Term of Employment.
The initial term of employment under this Agreement shall be one year period
commencing on the Effective Date (the “Term”)
unless the Agreement is terminated earlier in accordance with the provisions
herein; provided that such Term will be extended upon the same terms and
conditions contained herein and any additional terms and conditions upon
expiration of the Term as mutually agreed by both parties (an “Extended
Term”) unless a written notice of nonrenewal is given by either party at
least thirty (30) days prior to the expiration date of the Term or the Extended
Term, as the case may be.

    

    3.           Duties. The Employee
shall be appointed as Chief Financial Officer and, as such, the Employee shall
perform such duties and possess such authorities and privileges consistent with
such position and such duties and rights as may reasonably be assigned by and
subject to the direction of the Company’s Chief Executive Officer or any other
executive officer in similar capacities in writing from time to time during the
Term.  During the Term, the Employee shall have no other employment or
receive compensation for services rendered to any other person other than the
Company and any affiliated entities without the express prior written consent of
the Company. Accordingly, the Employee agrees to devote his full working time
and best efforts in such capacities as set forth herein to the business of the
Company.

    Duties and Responsibilities.
The Executive agree to perform CFO’s duties and responsibilities for the Company
and its USA and China subsidiaries as following:

    

    
      3.1  Responsible
for all accounting and financial functions of company including:

       

    

    
      a.  All SEC
filings

    

    
      b.  Annual
audits and quarterly reviews

    

    
      c.  Monthly
financial reports

    

    
      d.  Budget
preparation, reconciliation to actual, and reporting to management and Board of
Director

    

    
      e.  Development
of long-range business plans

    

    
      f.  Tax
return planning and control

    

    
      g.  Control
of Employee Stock Option Plan (ESOP) and other employee
benefits

    

    
      h.  Maintaining
of internal controls and adherence to Sarbanes Oxley

    

    
      i.  Control
of company expenses

    

    
      j.  Maintenance
of adequate but not excessive insurance

    

    
      k.  Monitoring
of cash flow and funding requirements

    

    

    
      3.2  As an
active and positive force with the Executive Team:

    

    
      a.  Help
develop and implement long-range strategy

    

    
      b.  Help
develop and implement business models

    

    
      c.  Integrating
financial perspective into operations of the Company

    

    
      d.  Determine
that contracts are negotiated in the best interests of
Company

    

    
      e.  Coordinating
with Company auditors and SEC attorney on filings, contracts, and business
models as appropriate

    

     

    
      3.3  
Maintain
effective and efficient accounting and financial systemsa.  Manage,
mentor and motivate accounting team

    

    
      b.  Streamline
accounting systems for efficient and accurate financial
reporting

    

    
      c.  Responsible
for accounting systems including,

    

    
      (1)
Accounts receivable billing and timely collection

    

    
      (2)
Accounts payable and accurate payments

      (3)
Payroll administration

    

    
      d.  
Knowledge
of US GAAP, and SEC Rules and Regulations

    

     

    3.4  Enforce
company compliance with:

    
      a.  Corporate
governance(China and USA)

    

    
      b.  Government
regulations(China and USA)

    

    
      c.  Company
policy and procedures(China and USA)

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

     

    4.     Compensation. The
Employee’s compensation (the “Compensation”)
shall consist of the following:

     

    4.1                Annual Base Salary.
The Employee shall be paid an annual base salary equivalent to approximately
U.S. $52,738 (RMB 360,000) per year, payable in equal monthly installments once
every month, by the Company or its designated subsidiaries or
affiliates.

    

    5.               Expenses.  The
Employee works in her existing inhabited place, Beijing. The Employee shall be
reimbursed for all reasonable and documented expenses for
travel, communication, network cost. The Employee shall provide receipts of
such expenses.

    

    6.           Termination.
Notwithstanding Section 2 above, the
Employee’s employment with the Company may be terminated by the Company at any
time during the Term or the Extended Term, as the case may be (“Early
Termination”) for any reason upon 30 days prior written
notice.

    

    7.           Effect upon
Termination. In the event of Early Termination within thirty (30) days
following the date of such Early Termination, the Company shall pay the Employee
any accrued but unpaid cash salary.

    

    8.           Indemnification. The
Company shall indemnify, defend and hold the Employee harmless for all losses,
costs, expenses or liabilities based upon or related to acts, decisions or
omissions made by the Employee in good faith while performing services within
the scope of his employment for the Company.  The Company’s obligation
under this Section 10 shall survive any termination or expiration of the
Employee’s employment. 

    

    9.           Confidential
Information. The Employee agrees that both during the Term and for two
(2) years thereafter to keep secret and confidential all information labeled
confidential or not generally known which is heretofore or hereafter acquired
concerning the business and affairs of the Company, including without
limitation, information regarding trade secrets, proprietary processes,
confidential business plans, market research data and financial data, and
further agrees not to disclose any such information to any person, firm, or
corporation or use the same in any manner other than in furtherance of the
business or affairs of the Company or unless such information shall become
public knowledge by other means.  The Employee agrees that such
information is a valuable, special, and unique asset of Company. Upon the
termination of the Employee’s employment with Company, the Employee shall
immediately return to the Company all documents, records, notebooks, and similar
repositories of information relating to confidential information of the Company
and/or the development of any inventions. The provisions of this Section 11
shall survive the termination of this Agreement and the Employee’s employment
for one year.

    

    10.           Notice. Any and all
notices or other communications of deliveries required or permitted to be
provided hereunder shall be deemed to have been duly given if in writing and
hand delivered or sent by certified or registered mail, return receipt
requested, to the appropriate address indicated below or to such other address
as may be given in a notice sent to all parties hereto:

    

    
      	 
      	
              (a)

            	
              If
      to the Company, to:

            
	 
      	
              Jinliang
      Li

            

    

    

    
      	 
      	
              China
      Shandong Industries, Inc.

            
	 
      	
              No.
      2888 Qinghe Road,

              Development
      Zone Cao County

              Shandong
      Province 274400 PRC

            

    

     

    
      	 
      	
              (b)

            	
              If
      to the Employee by email or to the address or facsimile number that is on
      file with the Company from time to time, as may be updated by the
      Employee.

            

    

    

    11.           Entire Agreement.
Except as provided below, this Agreement contains the complete agreement and
understanding concerning the employment arrangement between the parties and
shall supersede all other agreements, understandings or commitments between the
parties as to such subject matter.

    

    12.           Parties
Bound. The terms, promises, covenants, and agreements contained in
this Agreement shall apply to, be binding upon, and inure to the benefit of the
parties hereto and their respective subsidiaries, affiliates, successors and
assigns (whether direct or indirect, by purchase, merger, consolidation or
otherwise); provided, however, that this Agreement may not be assigned by the
Company or the Employee without the prior written consent of the other
party.

    

    13.            Modification; Waiver.
No provision of this Agreement may be modified, waived or discharged unless
modification, waiver or discharge is agreed to in writing signed by the Employee
and the Company. No waiver by either party at any time of any breach by the
other party of, or compliance with, any condition or provision of this Agreement
to be performed by such other party will be deemed a waiver of similar or
provisions or conditions at the same or at any prior or subsequent
time.

    

    14.           Governing Law and jurisdiction.
The validity of this Agreement and any of the terms or provisions as well as the
rights and duties of the parties hereunder shall be governed by the laws of PRC,
without reference to any conflict of law or choice of law principles thereof and
subject to the exclusive jurisdiction of the courts by the Address of Shandong
Caopu Arts & Crafts Company Ltd.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    15           Validity. The
invalidity or unenforceability of any provision or provisions of this Agreement
will not affect the validity or enforceability of any other provision of this
Agreement, which will remain in full force and effect.

    

    16.           Counterparts. This
Agreement may be executed in multiple original counterparts, each of which shall
be deemed an original and all of which together shall constitute but one and the
same document.

    

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

     

    
      
        	 	
                China
      Shandong Industries, Inc.

              	 
	 	 	 	 
	
              	
              	/s/ Jinliang
      Li	 
	 	 	

                Jinliang
      Li

              	 
	 	 	
                Chairman
      & Chief Executive Officer

              	 
	 	 	 	 
	 	 	 	 
	 	

                Employee

              	 
	 	 	 	 
	 	 	 	 
	 	 	

                /s/
      Yuhong Lei

              	 
	 	 	

                Yuhong
      Lei

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]