Document:

THESTREET.COM,
INC.

    AGREEMENT
FOR GRANT

    OF

    RESTRICTED
STOCK UNITS

    UNDER

    2007 PERFORMANCE INCENTIVE
PLAN

      

    [DATE]

    ________________

    c/o
TheStreet.com, Inc.

    14 Wall
Street

    15th
Floor

    New York,
NY 10005

    Dear
______:

     

         
This letter (the “Letter”) sets forth the terms and
conditions of the grant of Restricted Stock Units (“RSUs”) hereby awarded to you by
TheStreet.com, Inc. (the “Company”),
in accordance with the provisions of the Company's 2007 Performance Incentive
Plan (the “Plan”).

     

         
This award is subject to the terms and conditions set forth in the Plan, any
rules and regulations adopted by the Board of Directors of the Company (the
“Board”) or
the committee of the Board which administers the Plan (the “Committee”)
that are not inconsistent with the provisions of this Letter. Any term used in
this Letter and not defined herein shall have the meaning set forth in the
Plan.

     

         
1.     Grant of RSUs

     

                  You
have been granted __________ RSUs. Each RSU represents the right to receive one
share of the Company’s Common Stock (“Common
Stock”) on the applicable vesting date for such RSU. No RSU may be sold,
transferred, assigned, pledged or otherwise encumbered by you; provided that the
foregoing shall not affect your right to name a beneficiary under Section 13 of
the Plan. Until such time as stock certificates for the shares of Common Stock
represented by the RSUs have been delivered to you in accordance with Section 4
below, you shall have none of the rights of a stockholder with respect to the
Common Stock.

     

                  However,
this grant includes the grant of dividend equivalents with respect to your RSUs.
The Company will maintain a bookkeeping account to which it will credit,
whenever dividends (other than stock dividends for which an adjustment is made
to the number of shares of Common Stock subject to the RSUs pursuant to Section
4.4 of the Plan in the same percentage as paid on outstanding Common Stock) or
distributions are paid on the Common Stock, an amount equal to the amount of
such dividend or distribution paid on a share of Common Stock for each of your
then-outstanding RSUs covered by this Letter. The accumulated dividend
equivalents will vest on the applicable vesting date for the RSU with respect to
which such dividend equivalents were credited, and will be paid in cash (or, if
the dividend or distribution is paid in kind, in the same kind) at the time a
stock certificate evidencing the shares represented by such vested RSU is
delivered to you.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

         2.
     Vesting of RSUs

     

                  Your
RSUs will become vested (and paid in accordance with Section 4 below) with
respect to the following number(s) of shares of Common Stock on the following
date(s) as set forth below, provided that you are in the Service (as defined
below) of the Company or one of its subsidiaries on such date and the RSUs have
not been forfeited in accordance with Section 6:

     

    
      
        	
                Anniversary of Grant

              	
                       

              	
                Date 

              	 
      	
                Number of Shares of Common
      Stock 

              
	
                1st
      Anniversary

              	 
      	 
      	 
      	 
      
	
                2nd
      Anniversary

              	 
      	 
      	 
      	 
      
	
                3rd
      Anniversary

              	 
      	 
      	 
      	 
      
	
                4th
      Anniversary

              	 
      	 
      	 
      	 
      
	
                5th
      Anniversary

              	 
      	 
      	 
      	 
      

      

    

    

    For
purposes hereof, you shall be considered to be in the "Service"
of the Company or one of its subsidiaries if you are an employee of the Company
(or one if its subsidiaries, as applicable) on the applicable vesting date.
Except as provided in Sections 3 and 6 below, if your Service terminates for any
reason, the RSUs granted to you which have not vested shall be forfeited upon
such termination of Service.

     

         3.      Accelerated
Vesting in Certain Events

     

    
      	
               
      

            	
              a.

            	
              Upon
      a Change of Control

            

    

     

    In the
event of the consummation of a Change of Control, all of the unvested RSUs held
by you shall become fully vested and be paid in accordance with Section 4
below.

     

    
      	
               
      

            	
              b.

            	
              Upon
      Death or Disability

            

    

     

    In the
event your employment with the Company or one of its subsidiaries is terminated
by reason of your death or Disability (as defined below), a portion or all of
the unvested RSUs held by you shall become vested as provided below in this
Section 3(b) and be paid in accordance with Section 4 below. The portion of the
unvested RSUs that will vest shall be determined by (i) multiplying the full
number of RSUs covered by this Letter by a fraction, the numerator of which
shall be the number of months you were employed by the Company or one of its
subsidiaries after the date of this Letter (up to a maximum of sixty months),
and the denominator of which shall be sixty, and then (ii) subtracting from the
resulting sum the number of RSUs which had previously vested. As an example, and
for the avoidance of doubt, if a death or Disability happens one year after the
date of this Letter, the net number of RSUs that would vest under this provision
would equal (______ x 12/60) – ______ (the RSUs that vested according to their
normal annual vesting schedule) = _________.

    
      
         

      

      
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    For
purposes of this Letter, “Disability”
shall mean physical or mental incapacity of a nature which prevents you, in the
good faith judgment of the Committee, from performing your duties and
responsibilities to the Company in the position in which you then are employed,
for a period of 90 consecutive days or 150 days during any year, with each year
under this Letter commencing on each anniversary of the date
hereof.

     

         4.      Delivery
of Common Stock

     

                  Upon
the vesting of your RSUs pursuant to Sections 2 or 3 above, a certificate for
the shares of Common Stock represented by your vested RSUs shall be registered
in your name and delivered to you as soon as practicable, but no later than
thirty (30) days, after each of the vesting dates set forth in Sections 2 and 3.
Common Stock delivered upon the vesting of your RSUs will be fully transferable
(subject to any applicable securities law restrictions) and not subject to
forfeiture (other than as set forth in Section 6), and will entitle the holder
to all rights of a stockholder of the Company.

     

    The Company will use reasonable
commercial efforts to cause its Registration Statement on Form S-8 (or successor
form) filed with the Securities and Exchange Commission covering shares subject
to the Plan to remain effective and current until such times as all of your RSUs
are either delivered hereunder or forfeited under Section 6 and, until three
months after you cease being an “affiliate” of the Company, to maintain a resale
prospectus thereunder (or otherwise register under the Securities Act of 1933,
as amended) the Common Stock underlying your RSUs.

     

         5.
     Income Tax Withholding

     

                  You
will be required to pay, pursuant to such arrangements as the Company may
establish from time to time, any applicable federal, state and local withholding
tax liability at the time that the value of the RSUs and/or related dividend
equivalents becomes includable in your income. In this regard, you will have the
right to elect to have the minimum amount of any required tax withholding with
respect to the vesting of RSUs satisfied by having the Company withhold a number
of shares of Common Stock otherwise deliverable to you in connection with the
vested RSUs having a Fair Market Value equal to such withholding tax
liability.

     

    For purposes of this Letter, “Fair Market
Value” of a share of Common Stock on any date shall be (i) if the
principal market for the Common Stock is a national securities exchange, the
closing sales price per share of the Common Stock on such day (or, if such
exchange is not open on such day, on the next day such exchange is open) as
reported by such exchange or on a consolidated tape reflecting transactions on
such exchange, or (ii) if the principal market for the Common Stock is not a
national securities exchange, the closing average of the highest bid and lowest
asked prices per share of Common Stock on such day (or, if such market is not
open on such day, on the next day such market is open) as reported by the market
upon which the Common Stock is quoted, or an independent dealer in the Common
Stock, as determined by the Company in good faith; provided, however, that if
clauses (i) and (ii) are all inapplicable, or if no trades have been made and no
quotes are available for such day, the Fair Market Value of the Common Stock
shall be determined by the Committee in good faith by any method consistent with
applicable regulations adopted by the United States Treasury Department relating
to stock options or stock valuation.

    
      
         

      

      
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         6.
     Forfeiture Events and Claw-Back

     

    Notwithstanding anything else in this
Letter, all RSUs that have not been paid to you by delivery of the underlying
shares of Common Stock as required by Section 4 (or, in the case of the
termination of your employment by the Company without Cause, have not been
vested), prior to the fifth anniversary of the date of grant of these RSUs shall
be forfeited without payment (regardless of the vested status of the RSUs) if
any one of the following occurs prior to delivery as required by Section 4 of
the shares of Common Stock underlying the RSUs (or, in the case of the
termination of your employment by the Company without Cause, prior to vesting):
(i) the Company involuntarily terminates your employment with or without Cause;
(ii) you voluntarily terminate your employment prior to the fifth anniversary of
this Agreement; (iii) you engage in Competitive Activity (as defined below) with
the Company or any of its subsidiaries during your employment by the Company or
any of its subsidiaries or within two (2) years after the cessation of your
employment with the Company; or (iv) you breach any of the Restrictive Covenants
set forth in Section 7 within two (2) years after your cessation of employment
with the Company or any subsidiary. The Company reserves the right (as provided
below) to claw-back shares of Common Stock delivered under this Letter if you
engage in Competitive Activity or violate any of the Restrictive Covenants
within two (2) years after the delivery (vesting in the case of termination of
your employment by the Company without Cause) of such shares of Common Stock. If
the Committee determines, in its good faith discretion, that all or some portion
of the shares of Common Stock delivered to you will be clawed-back, then you
shall be required to repay to the Company an equal number of shares of Common
Stock to that so delivered to you or, at your option, cash equal to the Fair
Market Value at the date of delivery to you of such shares of Common Stock or a
combination of shares of Common Stock having a Fair Market Value on the date of
repayment equal to the Fair Market Value of such shares at the date of delivery
thereof to you and such cash, in each case reduced by the amount of taxes paid
by you with respect to the vesting, delivery and sale of such shares. In
addition to any other remedy available to the Company under applicable law, the
Company shall have the right to offset any other amounts payable to you by the
amount of any required repayment by you which has not been
repaid.

    
      
         

      

      
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    For
purposes of this Letter, “Cause”
shall be determined by the Committee in the exercise of its good faith judgment,
in accordance with the following guidelines: (i) your willful misconduct or
gross negligence in the performance of your obligations, duties and
responsibilities in the position at the Company that you held as of the
termination of your employment by the Company, including those as an employee of
the Company set forth in the Company’s Code of Business Conduct and Ethics dated
June 1, 2006, as same may be amended from time to time provided such amendment
affects all executive officers of the Company, (ii) your dishonesty or
misappropriation, in either case that is willful and material, relating to the
Company or any of its funds, properties, or other assets, (iii) your inexcusable
repeated or prolonged absence from work (other than as a result of, or in
connection with, a Disability), (iv) any unauthorized disclosure by you of
Confidential Information or proprietary information of the Company in violation
of Section 7(d) which is reasonably likely to result in material harm to the
Company, (v) your conviction of a felony (including entry of a guilty or nolo
contender plea) involving fraud, dishonesty, or moral turpitude, (vi) a
violation of federal or state securities laws, or (vii) the failure by you to
attempt to perform faithfully your duties and responsibilities to the Company in
the position in which you are employed at the time of the termination of your
employment by the Company, or other material breach by you of this Letter,
provided any such failure or breach described in clauses (i), (ii), (iii), (iv),
(vi) and (vii) is not cured, to the extent cure is possible, by you within
thirty (30) days after written notice thereof from the Company to you; provided,
however, that no failure or breach described in clauses (i), (ii), (iii), (iv),
(vi) and (vii) shall constitute Cause unless (x) the Company first gives you
written notice of its intention to terminate your employment for Cause and the
grounds of such termination no fewer than ten (10) days prior to the date of
termination; and (y) you are provided an opportunity to appear before the Board,
with or without legal representation at your election to present arguments on
your own behalf and (z) if you elect to so appear, such failure or breach is not
cured, to the extent cure is possible, within thirty (30) days after written
notice from the Company to you that, following such appearance, the Board has
determined in good faith that Cause exists and has not, following the initial
notice from the Company, been cured; provided further, however, that
notwithstanding anything to the contrary in this Letter and subject to the other
terms of this proviso, the Company may take any and all actions, including
without limitation suspension (but not without pay), it deems appropriate with
respect to you and your duties at the Company pending such appearance and
subsequent to such appearance during which such failure or breach has not been
cured. No act or failure to act on your part will be considered “willful” unless
done, or omitted to be done, by you not in good faith and without reasonable
belief that your action or omission was in the best interests of the
Company.

     

    For purposes of this Letter, “Competitive
Activity” means your service as a director, officer, employee, principal,
agent, stockholder, member, owner or partner of, or you permit your name to be
used in connection with the activities of, any other business or organization
anywhere in the United States, or in any other geographic area in which the
Company or any of its subsidiaries operates or with respect to which the Company
provides financial news and commentary coverage (or from which such other
business or organization provides financial news and commentary coverage of the
United States), which engages in a business that competes with any business in
which the Company or any subsidiary is engaged (a “Competing
Business”; provided, however, that, notwithstanding the foregoing, it
shall not be a Competitive Activity for you to (i) become the registered or
beneficial owner of up to three percent (3%) of any class of capital stock of a
competing corporation registered under the Securities Exchange Act of 1934, as
amended, provided that you do not otherwise participate in the business of such
corporation or (ii) work in a non-competitive business of a company which is
carrying on a Competing Business, the revenues of which represent less than
twenty percent (20%) of the consolidated revenues of that company, or, as a
result thereof, owning compensatory equity in that company).

     

         7.
     Restrictive Covenants

     

    
      	
               
      

            	
              a.

            	
              Non-Competition.

            

    

     

    
      	
               
      

            	
              You
      agree that, during your employment by the Company or any subsidiary and
      through the end of two (2) years after your cessation of employment with
      the Company or any subsidiary, you will not engage in Competitive Activity
      with the Company or any of its
subsidiaries.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              b.

            	
              Non-Solicitation
      of Employees

            

    

     

    You agree
that, during your employment by the Company or any subsidiary and through the
end of two (2) years after your cessation of employment with the Company or any
subsidiary, you will not solicit for employment or hire, in any business
enterprise or activity, any employee of the Company or any subsidiary who was
employed by the Company or a subsidiary during your period of employment by the
Company or a subsidiary provided that (a) the foregoing shall not be violated by
any general advertising not targeted at Company or subsidiary employees nor by
you serving as a reference upon request, and (b) you may solicit and hire former
employees of the Company or its subsidiaries who had ceased being such employees
for a period of at least six (6) months prior to any such solicitation or
hiring.

     

    
      	
               
      

            	
              c.

            	
              Non-Solicitation
      of Clients and Vendors

            

    

     

    You agree
that, during your employment by the Company or any subsidiary and through the
end of two (2) years after your cessation of employment with the Company or any
subsidiary, you will not solicit, in any business enterprise or activity, any
client, customer, third-party service provider, or vendor of the Company or any
subsidiary who was such during your period of employment by the Company or a
subsidiary to (i) cease being a client, customer, third-party provider or vendor
of the Company or any subsidiary or (ii) become a client, customer, third-party
provider or vendor of a Competing Business unless (without you having solicited
such person to cease such relationship) such person or entity ceased being a
client, customer, third-party provider or vendor of the Company or any
subsidiary for a period of at least six (6) months prior to such
solicitation.

     

    
      	
               
      

            	
              d.

            	
              Non-Disparagement

            

    

     

    During
your employment by the Company or any subsidiary and indefinitely thereafter,
you shall not make, and the Company shall not authorize any of its employees to
make, any statements, written or oral, to any third party which disparage,
criticize, discredit or otherwise operate to the detriment of you (in the case
of statements made by the Company) or the Company, its present or former
officers, shareholders, directors and employees and their respective business
reputation and/or goodwill (in the case of statements made by you), provided,
however, that nothing in this Section 7(d) shall prohibit either party from (i)
making any truthful statements or disclosures required by applicable law
regulation or (ii) taking any action to enforce its rights under this Letter or
any other agreement in effect between the parties.

     

    
      
         

      

      
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              e.

            	
              Confidentiality

            

    

     

    
      	
               
      

            	
              1)

            	
              During
      your employment by the Company or any subsidiary and indefinitely
      thereafter, you shall keep secret and retain in strictest confidence, any
      and all Confidential Information relating to the Company, except where
      your disclosure or use of such Confidential Information is in furtherance
      of the performance by you of your duties to the Company and not for
      personal benefit or the benefit of any interest adverse to the Company’s
      interests. For purposes of this Letter, “Confidential
      Information” shall mean any information including without
      limitation plans, specifications, models, samples, data, customer lists
      and customer information, computer programs and documentation, and other
      technical and/or business information, in whatever form, tangible or
      intangible, that can be communicated by whatever means available at such
      time, that relates to the Company’s current business or future business
      contemplated during your employment, products, services and development,
      or information received from others that the Company is obligated to treat
      as confidential or proprietary (provided that such confidential
      information shall not include any information that (a) has become
      generally available to the public or is generally known in the relevant
      trade or industry other than as a result of an improper disclosure by you,
      or (b) was available to or became known to you prior to the disclosure of
      such information on a non-confidential basis without breach of any duty of
      confidentiality to the Company), and you shall not disclose such
      confidential information to any Person (as defined below) other than the
      Company, except with the prior written consent of the Company, as may be
      required by law or court or administrative order (in which event you shall
      so notify the Company as promptly as practicable), or in performance of
      your duties on behalf of the Company. Further, this Section 7(e) shall not
      prevent you from disclosing Confidential Information in connection with
      any litigation, arbitration or mediation to enforce this Letter or other
      agreement between the parties, provided such disclosure is necessary for
      you to assert any claim or defense in such
  proceeding.

            

    

     

    
      	
            	
               
      

            	
              For
      purposes of this Letter, “Person”
      shall mean an individual, corporation, partnership, limited liability
      company, limited liability partnership, association, trust or other
      unincorporated organization or
entity.

            

    

     

    
      	
               
      

            	
              2)

            	
              Upon
      your termination of employment for any reason, you shall return to the
      Company all copies, reproductions and summaries of Confidential
      Information in your possession and use reasonable efforts to erase the
      same from all media in your possession, and, if the Company so requests,
      shall certify in writing that you have done so, except that you may retain
      such copies, reproductions and summaries during any period of litigation,
      arbitration or mediation referred to in Section 7(e)(1). All Confidential
      Information is and shall remain the property of the Company (or, in the
      case of information that the Company receives from a third party which it
      is obligated to treat as confidential, then the property of such third
      party); provided, you shall be entitled to retain copies of (i)
      information showing your compensation or relating to reimbursement of
      expenses, (ii) information that is required for the preparation of your
      personal income tax return, (iii) documents provided to you in your
      capacity as a participant in any employee benefit plan, policy or program
      of the Company and (iv) this Letter and any other agreement by and between
      you and the Company with regard to your employment or termination
      thereof.

            

    

     

    
      
         

      

      
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              3)

            	
              All
      Intellectual Property (as hereinafter defined) and Technology (as
      hereinafter defined) created, developed, obtained or conceived of by you
      during your employment, and all business opportunities presented to you
      during your employment, shall be owned by and belong exclusively to the
      Company, provided that they reasonably relate to any of the business of
      the Company on the date of such creation, development, obtaining or
      conception, and you shall (i) promptly disclose any such Intellectual
      Property, Technology or business opportunity to the Company, and (ii)
      execute and deliver to the Company, without additional compensation, such
      instruments as the Company may require from time to time to evidence its
      ownership of any such Intellectual Property, Technology or business
      opportunity. For purposes of this Letter, (x) the term “Intellectual
      Property” means and includes any and all trademarks, trade names,
      service marks, service names, patents, copyrights, and applications
      therefor, and (y) the term “Technology”
      means and includes any and all trade secrets, proprietary information,
      invention, discoveries, know-how, formulae, processes and
      procedures.

            

    

     

    The
parties acknowledge that the restrictions contained in this Section 7 are a
reasonable and necessary protection of the immediate interests of the Company,
and any violation of these restrictions could cause substantial injury to the
Company and that the Company would not have entered into this Letter, without
receiving the additional consideration offered by you in binding yourself to any
of these restrictions. In the event of a breach or threatened breach by you of
any of these restrictions, the Company shall be entitled to apply to any court
of competent jurisdiction for an injunction restraining you from such breach or
threatened breach; provided, however, that the right to apply for an injunction
shall not be construed as prohibiting the Company from pursuing any other
available remedies for such breach or threatened breach.

     

         8.
     No Guarantee of Continuation of
Service

     

                  This
grant of RSUs does not constitute an assurance of continued Service for any
period or in any way interfere with the Company’s right to terminate your
Service.

     

         9.
     Administration

     

                  The
Committee has the sole power to exercise its good faith judgment to interpret
the Plan and this Letter and to act upon all matters relating this grant to the
extent provided in the Plan and not inconsistent with the terms of this Letter.
Any decision, determination, interpretation, or other action taken pursuant to
the provisions of the Plan and this Letter by the Committee shall be final,
binding, and conclusive.

     

    
      
         

      

      
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         10.
     Section 409A

     

                 Notwithstanding
any provision of the Plan or this grant to the contrary, if you are a “specified
employee” as determined by the Board or the Committee, in accordance with
Section 409A of the Internal Revenue Code of 1986, as amended or any regulations
or Treasury guidance promulgated thereunder (“Section 409A”), you shall not be
entitled to any payments of amounts which constitute deferred compensation
within the meaning of Section 409A upon a termination of your employment until
the earlier of (i) the date which is six months after your termination of
employment for any reason other than death (except that during such six (6)
month period you may receive total payments from the Company that do not exceed
the amount specified in Treas. Reg. Section 1.409A-1(b)(9) or that constitute a
short-term deferral within the meaning of Section 409A), or (ii) the date of
your death.

     

                 Notwithstanding
any provision of the Plan or this Letter to the contrary, to the extent any
compensation or award which constitutes deferred compensation within the meaning
of Section 409A shall vest upon the occurrence of a Change of Control and such
Change of Control does not constitute a “change in the ownership or effective
control” or a “change in the ownership or a substantial portion of the assets”
of the Corporation within the meaning of Section 409A, then notwithstanding
such vesting, payment will be made to you on the earliest of (i) your
“separation from service” with the Company (determined in accordance with
Section 409A) or, if you are a specified employee within the meaning of
Section 409A, such later date as provided in the preceding paragraph,
(ii) the date payment otherwise would have been made, or (iii) the
date of your death.

     

    If any
provision of this Agreement or of any award of compensation, including equity
compensation or benefits would cause you to incur any additional tax or interest
under Section 409A, the parties agree to negotiate in good faith to reform such
provision in such manner as to maintain, to the maximum extent practicable, the
original intent and economic terms of the applicable provision without violating
the provisions of Section 409A.

     

         11.
     Amendment

     

                 The
Committee may from time to time amend the terms of this grant in accordance with
the terms of the Plan in effect at the time of such amendment, but no amendment
which is unfavorable to you can be made without your written
consent.

     

                 The
Plan is of unlimited duration, but may be amended, terminated or discontinued by
the Board at any time. However, no amendment, termination or discontinuance of
the Plan will unfavorably affect this grant.

     

                  Notwithstanding
the foregoing, the Committee expressly reserves the right to amend the terms of the
Plan and this grant with your consent which shall not be unreasonably withheld
to the extent it determines that such amendment is necessary or desirable for an
exemption from or compliance with the distribution, acceleration, and election
requirements of Section 409A of the Code.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

         12.
     Notices

     

    Unless
otherwise provided herein, any notice, exercise of rights or other communication
required or permitted to be given hereunder shall be in writing and shall be
given by overnight delivery service such as Federal Express or personal delivery
against receipt, or mailed by registered or certified mail (return receipt
requested), to the party to whom it is given at, in the case of the Company,
Compensation Committee Chair, TheStreet.com, Inc., 14 Wall Street, 15th Floor,
New York, NY 10005, or, in the case of you, at your principal residence address
as then reflected on the records of the Company or such other address as such
party may hereafter specify by notice to the other party hereto. Any notice or
other communication shall be deemed to have been given as of the date so
personally delivered or transmitted by telecopy or like transmission or on the
next business day after sent by overnight delivery service for next business day
delivery or on the fifth business day after sent by registered or certified
mail.

     

         13.
     Representations

     

    The
Company hereby represents and warrants that the execution and delivery of this
Letter and the performance by the Company of its obligations hereunder have been
duly authorized by all necessary corporate action of the Company.

     

         14.
     Amendment

     

    This
Letter may be amended only by a written agreement signed by the parties
hereto.

     

         15.
     Binding Effect

     

    This
Letter shall be binding upon and inure to the benefit of the Company and any
successor organization which shall succeed to the Company by merger or
consolidation or operation of law, or by acquisition of all or substantially all
of the assets of the Company.

     

         16.
     Governing Law

     

    This
Letter shall be governed by and construed in accordance with the internal laws
of the State of New York applicable to contracts to be performed wholly within
the state and without regard to its conflict of laws provisions that would defer
to the laws of another jurisdiction, except to the extent the laws of the State
of Delaware mandatorily govern.

     

         17.
     Severability

     

    If any
provision of this Letter shall for any reason be held invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions hereof shall not be affected or impaired thereby. Moreover, if any
one or more of the provisions of this Letter shall be held to be excessively
broad as to duration, activity or subject, such provisions shall be construed by
limiting and reducing them so as to be enforceable to the maximum extent
allowable by applicable law. To the extent permitted by applicable law, each
party hereto waives any provision of law that renders any provision of this
Letter invalid, illegal or unenforceable in any way.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

         18.
     Execution in Counterparts

     

    This
Letter may be executed in one or more counterparts, each of which shall be
deemed to be an original and all of which shall constitute one and the same
instrument.

     

         19.
     Entire Agreement

     

    This
Letter and award agreements entered into by and between you and the Company with
respect to outstanding incentive awards and incentive awards granted on or
before the date hereof, sets forth the entire agreement, and supersedes all
prior agreements and understandings, both written and oral, between the parties
with respect to the subject matter hereof and thereof.

     

         20.
     Titles and Headings

     

    Titles
and headings to Sections herein are for purposes of reference only, and shall in
no way limit, define or otherwise affect the meaning or interpretation of any of
the provisions of this Letter.

     

         21.
     Consent to Jurisdiction

     

    The
parties hereto each hereby irrevocably submit to the exclusive jurisdiction of
any New York State or Federal court sitting in the Borough of Manhattan, City of
New York in any action or proceeding to enforce the provisions of this Letter,
and waives the defense of inconvenient forum to the maintenance of any such
action or proceeding.

    ______________________

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    This
Letter contains the formal terms and conditions of your award and accordingly
should be retained in your files for future reference. The Company may require
you to provide evidence of your acknowledgment of this Letter using such means
of notification as may be communicated to you by the Company or its service
provider.

     

    
      
        	
                Very
      truly yours,

              
	 
      
	
                THESTREET.COM,
      INC.

              
	 
      
	
                By:  

              	 
      
	
                Name:
      Daryl Otte

              
	
                Title:
      Chief Executive Officer

              

      

    

    

    
      
        	
                AGREED
      TO AND ACCEPTED:

              
	 
      
	 
      

      

    

    
      
         

      

      
        12CONFIDENTIAL

     

    THESTREET.COM,
INC.

    AGREEMENT
FOR GRANT

    OF

    CASH
PERFORMANCE AWARD

    UNDER

    2007
PERFORMANCE INCENTIVE PLAN

     

    [DATE]

     

    [Name]

    [Address]

     

    Dear
[Name]:

     

     This
letter (the “Letter”)
sets forth the terms and conditions of the grant of a cash performance award
(the “Award”)
made to you by TheStreet.com, Inc. (the “Company”)
under the Company’s 2007 Performance Incentive Plan (the “Plan”).

    

     Your
Award is subject to the terms and conditions set forth in the Plan, any rules
and regulations adopted by the Board of Directors of the Company or the
committee of the Board which administers the Plan (collectively, the “Committee”),
and this Letter.

    

     Any
capitalized term used in this Letter and not defined shall have the meaning set
forth in the Plan.

    

     In
general, the amount of your potential bonus is expressed as a Target Bonus,
which is the amount of your Award that you may earn if the Performance
Objectives specified in this Letter are achieved at the 100% level and the
Committee does not determine to award a lower amount.  The amount
payable under your Award may be more or less than your Target Bonus, depending
on the level of performance achieved and the Committee’s discretion to award a
lesser amount; the Committee also may elect to approve the payment of additional
consideration, separate from this Award, in its sole discretion.  The
Committee’s determination of the level of achievement of the performance
measures, and the ultimate amount of the Award, shall be final and binding on
you.

            

    1.           Target
Bonus.

    

    Your
“Target
Bonus” is _____% of the base salary you receive during the Performance
Period.

    

    2.           Performance
Period.

    

    The “Performance
Period” for this Award is set forth on Schedule A
hereto.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    CONFIDENTIAL

    

    3.           Performance
Objectives and Payout Scale.

    

    The
“Performance
Objectives” with respect to your Award are described on Schedule A
hereto.

    

    The
target level of performance for each of these Performance Objectives is the
amount set forth on Schedule A. The
amount of your Award may be determined separately for each of these Performance
Objectives, with reference to the scale set forth on Schedule
A.  Failure to attain one measure may not affect your ability
to earn a bonus with respect to the other measure.  The final
determination of the amount of your Award will be determined by the Committee in
its sole discretion, and may be an amount less than the amount calculated with
reference to the Performance Objectives; as noted above, the Committee also may
elect to approve the payment of additional consideration, separate from this
Award, in its sole discretion.

    

    4.           Payment
of Award.

    

    Your
Award, in the amount determined by the Committee, will be paid in a lump sum in
cash within 60 calendar days after the end of the Performance Period, provided
that you are continuously employed by the Company as a full-time employee
through the end of the Performance Period.

    

    5.           Termination
of Employment

    

      Notwithstanding
anything herein to the contrary, in the event you cease to be a full-time
employee of the Company for any reason prior to the end of the Performance
Period, you will not be entitled to any portion of your Award.  In the
event you cease to be a full-time employee of the Company after the end of the
Performance Period, but prior to the payment of the Award, you (or your estate,
as applicable) will be paid the Award at the time it is paid to other Award
recipients; provided, however, that if your employment was terminated by the
Company for Cause you will not be entitled to any portion of your
Award.

        

    For
purposes of this Letter, “Cause”
shall be determined by the Committee in the exercise of its good faith judgment,
in accordance with the following guidelines: (i) your willful misconduct or
gross negligence in the performance of your obligations, duties and
responsibilities in the position at the Company that you held as of the
termination of your employment by the Company, including those as an employee of
the Company set forth in the Company’s Code of Business Conduct and Ethics dated
June 1, 2006, as same may be amended from time to time provided such amendment
affects all executive officers of the Company, (ii) your dishonesty or
misappropriation, in either case that is willful and material, relating to the
Company or any of its funds, properties, or other assets, (iii) your inexcusable
repeated or prolonged absence from work (other than as a result of, or in
connection with, a Disability), (iv) any unauthorized disclosure by you of
Confidential Information or proprietary information of the Company in violation
of Section 6(d) which is reasonably likely to result in material harm to the
Company, (v) your conviction of a felony (including entry of a guilty or nolo
contender plea) involving fraud, dishonesty, or moral turpitude, (vi) a
violation of federal or state securities laws, or (vii) the failure by you to
attempt to perform faithfully your duties and responsibilities to the Company in
the position in which you are employed at the time of the termination of your
employment by the Company, or other material breach by you of this Letter,
provided any such failure or breach described in clauses (i), (ii), (iii), (iv),
(vi) and (vii) is not cured, to the extent cure is possible, by you within
thirty (30) days after written notice thereof from the Company to you; provided,
however, that no failure or breach described in clauses (i), (ii), (iii), (iv),
(vi) and (vii) shall constitute Cause unless (x) the Company first gives you
written notice of its intention to terminate your employment for Cause and the
grounds of such termination no fewer than ten (10) days prior to the date of
termination; and (y) you are provided an opportunity to appear before the Board,
with or without legal representation at your election to present arguments on
your own behalf and (z) if you elect to so appear, such failure or breach is not
cured, to the extent cure is possible, within thirty (30) days after written
notice from the Company to you that, following such appearance, the Board has
determined in good faith that Cause exists and has not, following the initial
notice from the Company, been cured; provided further, however, that
notwithstanding anything to the contrary in this Letter and subject to the other
terms of this proviso, the Company may take any and all actions, including
without limitation suspension (but not without pay), it deems appropriate with
respect to you and your duties at the Company pending such appearance and
subsequent to such appearance during which such failure or breach has not been
cured. No act or failure to act on your part will be considered “willful” unless
done, or omitted to be done, by you not in good faith and without reasonable
belief that your action or omission was in the best interests of the
Company.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    CONFIDENTIAL

     

    6.           Restrictive
Covenants

     

    
      	
               
      

            	
              a.

            	
              Non-Solicitation
      of Employees

            

    

     

    You agree
that, during your employment by the Company or any subsidiary and through the
end of two (2) years after your cessation of employment with the Company or any
subsidiary, you will not solicit for employment or hire, in any business
enterprise or activity, any employee of the Company or any subsidiary who was
employed by the Company or a subsidiary during your period of employment by the
Company or a subsidiary provided that (a) the foregoing shall not be violated by
any general advertising not targeted at Company or subsidiary employees nor by
you serving as a reference upon request, and (b) you may solicit and hire former
employees of the Company or its subsidiaries who had ceased being such employees
for a period of at least six (6) months prior to any such solicitation or
hiring.

     

    
      	
               
      

            	
              b.

            	
              Non-Solicitation
      of Clients and Vendors

            

    

     

    You agree
that, during your employment by the Company or any subsidiary and through the
end of two (2) years after your cessation of employment with the Company or any
subsidiary, you will not solicit, in any business enterprise or activity, any
client, customer, third-party service provider, or vendor of the Company or any
subsidiary who was such during your period of employment by the Company or a
subsidiary to (i) cease being a client, customer, third-party provider or vendor
of the Company or any subsidiary or (ii) become a client, customer, third-party
provider or vendor of a Competing Business unless (without you having solicited
such person to cease such relationship) such person or entity ceased being a
client, customer, third-party provider or vendor of the Company or any
subsidiary for a period of at least six (6) months prior to such
solicitation.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    CONFIDENTIAL

      

    
      	
               
      

            	
              c.

            	
              Non-Disparagement

            

    

     

    During
your employment by the Company or any subsidiary and indefinitely thereafter,
you shall not make, and the Company shall not authorize any of its employees to
make, any statements, written or oral, to any third party which disparage,
criticize, discredit or otherwise operate to the detriment of you (in the case
of statements made by the Company) or the Company, its present or former
officers, shareholders, directors and employees and their respective business
reputation and/or goodwill (in the case of statements made by you), provided,
however, that nothing in this Section 6(c) shall prohibit either party from (i)
making any truthful statements or disclosures required by applicable law
regulation or (ii) taking any action to enforce its rights under this Letter or
any other agreement in effect between the parties.

     

    
      	
               
      

            	
              d.

            	
              Confidentiality

            

    

     

    
      	
               
      

            	
              1)

            	
              During
      your employment by the Company or any subsidiary and indefinitely
      thereafter, you shall keep secret and retain in strictest confidence, any
      and all Confidential Information relating to the Company, except where
      your disclosure or use of such Confidential Information is in furtherance
      of the performance by you of your duties to the Company and not for
      personal benefit or the benefit of any interest adverse to the Company’s
      interests. For purposes of this Letter, “Confidential
      Information” shall mean any information including without
      limitation plans, specifications, models, samples, data, customer lists
      and customer information, computer programs and documentation, and other
      technical and/or business information, in whatever form, tangible or
      intangible, that can be communicated by whatever means available at such
      time, that relates to the Company’s current business or future business
      contemplated during your employment, products, services and development,
      or information received from others that the Company is obligated to treat
      as confidential or proprietary (provided that such confidential
      information shall not include any information that (a) has become
      generally available to the public or is generally known in the relevant
      trade or industry other than as a result of an improper disclosure by you,
      or (b) was available to or became known to you prior to the disclosure of
      such information on a non-confidential basis without breach of any duty of
      confidentiality to the Company), and you shall not disclose such
      confidential information to any Person (as defined below) other than the
      Company, except with the prior written consent of the Company, as may be
      required by law or court or administrative order (in which event you shall
      so notify the Company as promptly as practicable), or in performance of
      your duties on behalf of the Company. Further, this Section 6(d) shall not
      prevent you from disclosing Confidential Information in connection with
      any litigation, arbitration or mediation to enforce this Letter or other
      agreement between the parties, provided such disclosure is necessary for
      you to assert any claim or defense in such
  proceeding.

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    CONFIDENTIAL

     

    
      	
               
      

            	
              For
      purposes of this Letter, “Person”
      shall mean an individual, corporation, partnership, limited liability
      company, limited liability partnership, association, trust or other
      unincorporated organization or
entity.

            

    

     

    
      	
               
      

            	
              2)

            	
              Upon
      your termination of employment for any reason, you shall return to the
      Company all copies, reproductions and summaries of Confidential
      Information in your possession and use reasonable efforts to erase the
      same from all media in your possession, and, if the Company so requests,
      shall certify in writing that you have done so, except that you may retain
      such copies, reproductions and summaries during any period of litigation,
      arbitration or mediation referred to in Section 6(d)(1). All Confidential
      Information is and shall remain the property of the Company (or, in the
      case of information that the Company receives from a third party which it
      is obligated to treat as confidential, then the property of such third
      party); provided, you shall be entitled to retain copies of (i)
      information showing your compensation or relating to reimbursement of
      expenses, (ii) information that is required for the preparation of your
      personal income tax return, (iii) documents provided to you in your
      capacity as a participant in any employee benefit plan, policy or program
      of the Company and (iv) this Letter and any other agreement by and between
      you and the Company with regard to your employment or termination
      thereof.

            

    

     

    
      	
               
      

            	
              3)

            	
              All
      Intellectual Property (as hereinafter defined) and Technology (as
      hereinafter defined) created, developed, obtained or conceived of by you
      during your employment, and all business opportunities presented to you
      during your employment, shall be owned by and belong exclusively to the
      Company, provided that they reasonably relate to any of the business of
      the Company on the date of such creation, development, obtaining or
      conception, and you shall (i) promptly disclose any such Intellectual
      Property, Technology or business opportunity to the Company, and (ii)
      execute and deliver to the Company, without additional compensation, such
      instruments as the Company may require from time to time to evidence its
      ownership of any such Intellectual Property, Technology or business
      opportunity. For purposes of this Letter, (x) the term “Intellectual
      Property” means and includes any and all trademarks, trade names,
      service marks, service names, patents, copyrights, and applications
      therefor, and (y) the term “Technology”
      means and includes any and all trade secrets, proprietary information,
      invention, discoveries, know-how, formulae, processes and
      procedures.

            

    

     

    The
parties acknowledge that the restrictions contained in this Section 6 are a
reasonable and necessary protection of the immediate interests of the Company,
and any violation of these restrictions could cause substantial injury to the
Company and that the Company would not have entered into this Letter, without
receiving the additional consideration offered by you in binding yourself to any
of these restrictions. In the event of a breach or threatened breach by you of
any of these restrictions, the Company shall be entitled to apply to any court
of competent jurisdiction for an injunction restraining you from such breach or
threatened breach; provided, however, that the right to apply for an injunction
shall not be construed as prohibiting the Company from pursuing any other
available remedies for such breach or threatened breach.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    CONFIDENTIAL

    

    7.           Income
Tax Withholding

    

    You will
be required to pay, pursuant to such arrangements as the Company may establish
from time to time, any applicable federal, state and local withholding tax
liability at the time that the value of the Award becomes includable in your
income.

    

    8.           No
Guarantee of Continuation of Employment

    

    This
Award does not constitute an assurance of continued employment for any period or
in any way interfere with the Company’s right to terminate your
employment.

    

    9.           Administration

    

    The
Committee has the sole power to exercise its good faith judgment to interpret
the Plan and this Letter and to act upon all matters relating to this Award. Any
decision, determination, interpretation, or other action taken pursuant to the
provisions of the Plan and this Letter by the Committee shall be final, binding,
and conclusive.

    

    10.           Amendment

    

    The
Committee may from time to time amend the terms of this Award in accordance with
the terms of the Plan in effect at the time of such amendment, but no amendment
that is unfavorable to you can be made without your written
consent.

    

    The Plan
is of unlimited duration, but may be amended, terminated or discontinued by the
Board of Directors of the Company at any time.  However, no amendment,
termination or discontinuance of the Plan that would affect your Award in a
manner unfavorable to you will be made without your written
consent.

    

              Notwithstanding
the foregoing provisions of this Section 10, the Committee expressly reserves
the right to amend
the terms of the Plan and this Award without your consent to the extent it
determines that such amendment is necessary or desirable for an exemption from
or compliance with the distribution, acceleration and/or election requirements
of Section 409A of the Internal Revenue Code of 1986, as amended or any
regulations or Treasury guidance promulgated thereunder.

    

    11.           Miscellaneous

    

    This
Award may not be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated, other than by will or by the laws of descent and distribution, and
any attempted sale, transfer, pledge, assignment, participation, or other
alienation or hypothecation in violation of the foregoing shall be null and
void.  This Letter shall be binding upon and inure to the benefit of
the Company and any successor organization which shall succeed to the Company by
merger or consolidation or operation of law, or by acquisition of all or
substantially all of the assets of the Company.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    CONFIDENTIAL

    

    Amounts
payable pursuant to this Award will be paid solely from the general assets of
the Company, and your rights hereunder will be no greater than those of an
unsecured general creditor of the Company.

    

    This
Letter and the applicable provisions of the Plan constitute the entire
agreement, and supersede all prior agreements and understandings, oral and
written, between the parties hereto with respect to, this Award.

    

    Unless
otherwise provided herein, any notice, exercise of rights or other communication
required or permitted to be given hereunder shall be in writing and shall be
given by overnight delivery service such as Federal Express or personal delivery
against receipt, or mailed by registered or certified mail (return receipt
requested), to the party to whom it is given at, in the case of the Company,
Compensation Committee Chair, TheStreet.com, Inc., 14 Wall Street, 15th Floor,
New York, NY 10005, or, in the case of you, at your principal residence address
as then reflected on the records of the Company or such other address as such
party may hereafter specify by notice to the other party hereto. Any notice or
other communication shall be deemed to have been given as of the date so
personally delivered or transmitted by telecopy or like transmission or on the
next business day after sent by overnight delivery service for next business day
delivery or on the fifth business day after sent by registered or certified
mail.

    

    The
Company hereby represents and warrants that the execution and delivery of this
Letter and the performance by the Company of its obligations hereunder have been
duly authorized by all necessary corporate action of the Company.

    

    This
Letter shall be governed by and construed in accordance with the internal laws
of the State of New York applicable to contracts to be performed wholly within
the state and without regard to its conflict of laws provisions that would defer
to the laws of another jurisdiction, except to the extent the laws of the State
of Delaware mandatorily govern.  The parties hereto each hereby
irrevocably submits to the exclusive jurisdiction of any New York State or
Federal court sitting in the Borough of Manhattan, City of New York in any
action, suit or proceeding to enforce the provisions of this Letter, and waives
the defense of inconvenient forum to the maintenance of any such action, suit or
proceeding.  EACH PARTY HEREBY IRREVOCABLY WAIVES THE RIGHT TO A TRIAL
BY JURY IN CONNECTION WITH ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR IN
RELATION TO THIS LETTER OR THE AWARD.

    

    If any
provision of this Letter shall for any reason be held invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions hereof shall not be affected or impaired thereby. Moreover, if any
one or more of the provisions of this Letter shall be held to be excessively
broad as to duration, activity or subject, such provisions shall be construed by
limiting and reducing them so as to be enforceable to the maximum extent
allowable by applicable law. To the extent permitted by applicable law, each
party hereto waives any provision of law that renders any provision of this
Letter invalid, illegal or unenforceable in any way.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    CONFIDENTIAL

     

    This
Letter may be executed in one or more counterparts, each of which shall be
deemed to be an original and all of which shall constitute one and the same
instrument.  Signatures may be delivered via facsimile or
electronically in PDF format and signatures delivered in such manner shall be
deemed originals for all purposes.

    

    The
existence and terms of this Letter are deemed to be Confidential Information of
the Company and you are required to comply with the provisions of Section 6(d)
with respect to this information.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    CONFIDENTIAL

     

    Titles
and headings to Sections herein are for purposes of reference only, and shall in
no way limit, define or otherwise affect the meaning or interpretation of any of
the provisions of this Letter.

     

    _____________________

    

    This
Letter contains the formal terms and conditions of your Award and accordingly
should be retained in your files for future reference.

    

    
      
        
          
            	 
      	 
      	
                    Very
      truly yours,

                  
	 
      	 
      	 
      
	 
      	 
      	
                    THESTREET.COM,
      INC.

                  
	 
      	 
      	 
      
	 
      	 
      	
                    By:  

                  	
                     

                  
	 
      	 
      	
                    Daryl
      Otte

                  
	 
      	 
      	
                    Chief
      Executive Officer

                  
	 
      	 
      	 
      
	
                    AGREED
      TO AND ACCEPTED:

                  	 
      	 
      
	 
      	 
      	 
      
	
                     
      

                  	 
      	 
      
	
                    [Name]

                  	 
      	 
      

          

        

      

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    CONFIDENTIAL

    

    SCHEDULE
A

     

    Performance
Period:  [specify period]

    

    Performance
Objectives: [specify objectives for period]

    
      
         

      

      
        10

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