Document:

THESTREET.COM,
INC.

    AGREEMENT
FOR GRANT

    OF

    RESTRICTED
STOCK UNITS

    UNDER

    2007 PERFORMANCE INCENTIVE
PLAN

    June 9,
2009

    Daryl R.
Otte

    c/o
TheStreet.com, Inc.

    14 Wall
Street

    15th
Floor

    New York,
NY 10005

     

    Dear
Daryl:

     

         
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 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 650,000 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 Sections 3 and 6:

     

    
      
        
          
            
              
                
                  	
                          Anniversary of Grant

                        	 	
                          Date 

                        	 	
                          Number of Shares of Common
      Stock

                        	 
	
                          1st
      Anniversary

                        	 	
                          June
      9, 2010

                        	 	 	65,000	 
	
                          2nd
      Anniversary

                        	 	
                          June
      9, 2011

                        	 	 	65,000	 
	
                          3rd
      Anniversary

                        	 	
                          June
      9, 2012

                        	 	 	65,000	 
	
                          4th
      Anniversary

                        	 	
                          June
      9, 2013

                        	 	 	65,000	 
	
                          5th
      Anniversary

                        	 	
                          June
      9, 2014

                        	 	 	390,000	 

                

              

            

          

        

      

    

     

    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.      Termination
of Service

     

    
      	
               
      

            	
              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
      an Involuntary Termination without
Cause

            

    

     

    In the
event your employment with the Company or one of its subsidiaries is terminated
without Cause (as defined below) by the Company or one of its subsidiaries, all
of the unvested RSUs held by you shall become fully vested and be paid in
accordance with Section 4 below.

    

    
      
        
           

        

        
          2

          
            

          

        

        
           

        

      

    

     

    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 as CEO (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), (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 as CEO, 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.

     

    It shall
not be a violation of your employment with the Company, this Letter or any
agreement to which you are, or may become, a party with the Company for you to,
and you may continue to, serve as a partner and officer of Montefiore Partners
and, on their behalf, administer its winding down and you may be a stockholder
and director of Kikucall, Inc., which provides subscription marketing services
to the Company.

    

    
      
        
           

        

        
          3

          
            

          

        

        
           

        

      

    

     

    
      	
               
      

            	
              c.

            	
              Upon
      a Voluntary Termination with Good
Reason

            

    

     

    In the
event you terminate your employment with the Company or one of its subsidiaries
for Good Reason (as defined below), all of the unvested RSUs held by you shall
become vested and be paid in accordance with Section 4 below.

     

    For
purposes of this Letter, “Good
Reason” shall have the meaning ascribed to such term in Treasury
Regulation Section 1.409A-1(n)(2)(ii), as determined in good faith by the
Committee.

     

    
      	
               
      

            	
              d.

            	
              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(d) 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 twenty-four
months), and the denominator of which shall be twenty-four, 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 (650,000 x 12/24) – 65,000 (the RSUs
that vested according to their normal annual vesting schedule) =
260,000.

     

    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 as CEO 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

          
            

          

        

        
           

        

      

    

     

         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, 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 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 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.

    

    
      
        
           

        

        
          5

          
            

          

        

        
           

        

      

    

    
       

           6.
     Forfeiture Events and Claw-Back

    

     

    Notwithstanding anything else in this
Letter, all RSUs that have not been paid to you by delivery  (in the
case of your voluntary termination without Good Reason, that have not been
vested rather than have not been delivered) of the underlying shares of Common
Stock as required by Section 4 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 (vesting, in the case of your voluntary termination
without Good Reason) of the shares of Common Stock underlying the RSUs: (i) the
Company involuntarily terminates your employment as CEO for Cause; (ii) you
voluntarily terminate your employment as CEO without Good Reason prior to the
fifth anniversary of your assumption of the full CEO role; (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 years after your service as CEO and your Board membership terminates;
or (iv) you breach any of the Restrictive Covenants set out 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 years after the
delivery (vesting in the case of your voluntary termination without Good Reason)
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.

     

    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).

    

    
      
        
           

        

        
          6

          
            

          

        

        
           

        

      

    

     

    
           7.
     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 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 months prior to any such solicitation or
hiring.

     

    
      	
               
      

            	
              b.

            	
              Non-Solicit
      of Clients and Vendors

            

    

     

    You agree
that, during your employment by the Company or any subsidiary and through the
end of two 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 months prior to such
solicitation.

     

    
      	
               
      

            	
              c.

            	
              Non-Disparagement

            

    

     

    During
your employment by the Company or any subsidiary and indefinitely thereafter,
neither party shall make any statements, written or oral, to any third party
which disparage, criticize, discredit or otherwise operate to the detriment of
you or the Company, its present or former officers, shareholders, directors and
employees and their respective business reputation and/or goodwill, provided,
however, that nothing in this Section 7(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.

    

    
      
        
           

        

        
          7

          
            

          

        

        
           

        

      

    

     

    
      	
               
      

            	
              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 7(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.

            

    

     

    
      	
               
      

            	
              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.

            

    

    

    
      
        
           

        

        
          8

          
            

          

        

        
           

        

      

    

     

    
      	
               
      

            	
              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(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 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.

    

    
      
        
           

        

        
          9

          
            

          

        

        
           

        

      

    

     

         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.

     

         10.
     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 of Directors of the Company 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 Section 409A of the Code.

     

         11.
     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 Otte, at his 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.

    

    
      
        
           

        

        
          10

          
            

          

        

        
           

        

      

    

    
       

           12.
     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.

     

         13.
     Amendment

     

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

     

         14.
     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.

     

         15.
     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.

     

         16.
     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.

     

         17.
     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.

    
 

    
      
        
           

        

        
          11

          
            

          

        

        
           

        

      

    

     

         18.
     Entire Agreement

     

    This
Letter, together with the Change of Control and Severance Agreement between the
Company and you dated the same date as this Letter and award agreements entered
into by and between Otte 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.

     

         19.
     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.

     

         20.
     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.

     

    ______________________

     

    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:

                  	
                    /s/ William Gruver

                  
	 
      	
                    Name:
      William R. Gruver

                  
	 
      	
                    Title:
      Compensation Committee
Chair

                  

          

        

      

    

    

    
      
        	
                AGREED
      TO AND ACCEPTED:

              	 
      
	 
      	 
      
	
                /s/ Daryl Otte

              	 
      
	
                Daryl
      R. Otte

              	 
      

      

    

     

    
      
        
           

        

        
          12CHANGE OF CONTROL AND
SEVERANCE AGREEMENT

     

    CHANGE OF
CONTROL AND SEVERANCE AGREEMENT (this “Agreement”), dated as of June 9, 2009, by
and between TheStreet.com, Inc., a Delaware corporation (the “Company” or
“TheStreet.com”), and Daryl R. Otte (“Otte”).

     

    WHEREAS,
the Company desires that Otte enter into this Agreement, and Otte desires to
enter into this Agreement, on the terms and conditions set forth
herein;

    

    WHEREAS,
the Company granted Otte Restricted Stock Units pursuant to the Letter dated
June 9, 2009 (“Letter”);

    

    WHEREAS,
Otte agreed to be bound by certain restrictive covenants and prohibitions on
competition in the Letter; and

     

    NOW
THEREFORE, the parties hereto agree as follows:

     

    Section 1. Severance
Benefits.

    

    (a)           General Severance. In
the event that the Company terminates Otte’s employment with the Company without
Cause or Otte voluntarily terminates his employment with the Company for Good
Reason, then the Company shall pay Otte an amount equal to:

    

    
      	
               
      

            	
               i.

            	
              Four
      weeks of base salary (at the rate in effect immediately prior to
      termination) for each full year of service completed as the Company’s
      full-time Chief Executive Office (“CEO”),
plus

            

    

    

    
      	
               
      

            	
              ii.

            	
              1.33
      weeks of base pay (at the rate in effect immediately prior to termination)
      for each full year of service as a Board member of the
      Company.

            

    

     

    As
provided in the second paragraph of Section 1(b) herein, despite the fact that
the effective date of Otte’s termination as CEO may occur prior to the
consummation of a Change of Control, for purposes of determining the appropriate
amount payable to Otte, Otte’s severance shall be determined under Section 1(b)
rather than this Section 1(a), and Section 1(c) shall be applicable
thereto.

     

    For
purposes of this Agreement, “Cause” and “Good Reason” shall have the same
meaning ascribed to them in the Letter and “Change of Control” shall mean the
happening of any of the following:

     

    (1) the
acquisition by any person or group deemed a person under Sections 3(a)(9) and
13(d)(3) of the Securities Exchange Act of 1934 (the “Exchange Act”) (other than
the Company and its subsidiaries as determined immediately prior to that date
and any of its or their employee benefit plans) of beneficial ownership,
directly or indirectly (with beneficial ownership determined as provided in Rule
13d-3, or any successor rule, under the Exchange Act), of a majority of the
total combined voting power of all classes of stock of the Company having the
right under ordinary circumstances to vote at an election of the Board of
Directors of the Company, if such person or group deemed a person does not
include you;

     

    (2) the
date on which a majority of the members of the Board consist of persons other
than Current Directors (which term shall mean any member of the Board on the
effective date of this Agreement and any member whose nomination or election has
been approved by a majority of Current Directors then on the
Board);

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (3) the
date of consummation of a merger or consolidation of the Company with another
corporation or other entity where (x) stockholders of the Company immediately
prior to such merger or consolidation would not beneficially own following such
merger or consolidation shares entitling such stockholders to a majority of all
votes (without consideration of the rights of any class of stock to elect
directors by a separate class vote) to which all stockholders of the surviving
corporation would be entitled in the election of directors in substantially the
same proportions as their ownership, immediately prior to such merger or
consolidation, of voting securities of the Company, or (y) where the members of
the Company’s Board of Directors, immediately prior to such merger or
consolidation, would not, immediately after such merger or consolidation,
constitute a majority of the board of directors of the corporation issuing cash
or securities in the merger; or

     

    (4) the
sale of all or substantially all of the assets of the Company; or

     

    (5) the
date of approval by the stockholders of the Company of a plan of complete
liquidation of the Company.

     

    (b)           Upon a Change of
Control. In the event that a Change of Control occurs within two years
after Otte’s assumption of the full-time duties and responsibilities of CEO of
the Company, then, in partial consideration for Otte’s agreement to abide by the
restrictions and covenants set forth in Section 6 (regarding non-competition),
Section 7(a) (non-solicitation of employees) and Section 7(b) (non-solicit of
clients and vendors) in the Letter, the Company shall pay Otte an amount equal
to two times the sum of Otte’s:

    

    
      	
               
      

            	
               i.

            	
              base
      salary (at the annual rate in effect immediately prior to termination),
      and

            

    

    
      	
               
      

            	
              ii.

            	
              target
      bonus for the year of termination (determined as if performance were
      achieved at a level that triggers the target
  bonus).

            

    

    

    For
purposes of this Agreement, regardless of the fact that Otte’s last day of
employment with the Company may occur prior to the consummation of a Change of
Control, an involuntary termination of Otte’s employment by the Company without
Cause or a voluntary termination by Otte of his employment for Good Reason shall
be deemed to have occurred after a Change of Control in the event
that:

    

    
      	
               
      

            	
              x.

            	
              Otte
      is employed as the Company’s CEO at the time that events or efforts are
      initiated by the Company that directly lead to consummation of a Change of
      Control; and

            

    

    

    
      	
               
      

            	
              y.

            	
              The
      consummation of the Change of Control occurs prior to the end of the sixth
      full month after the month in which Otte’s last day of employment with the
      Company occurs.

            

    

    

    For the
sake of avoidance of doubt, in the event that both (x) and (y) of this section
1(b) apply, Otte shall receive the net severance benefits described under this
Section 1(b), as modified by Section 1(c) herein.

    

    (c)           No Double Benefits.
Notwithstanding any other provision of this Agreement, should Otte qualify for
severance benefits under both Sections 1(a) and 1(b), then the benefits to be
provided under Section 1(b) shall be offset by any amounts that were theretofore
provided under Section 1(a).

     

    (d)           Payment of Benefits.
If Otte becomes entitled to a payment under Section 1(a) or 1(b), the Company
shall pay Otte the applicable amount in a lump sum within thirty (30) days of
Otte’s becoming entitled to such payment.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Section 2. Excise Tax
Gross-Up.

    

    (a)       
  If any payment to or in respect of Otte by the Company or any
affiliate, whether pursuant to Section 1(b) of this Agreement or otherwise (a
“Payment”), is determined to be a “parachute payment,” as defined in Section
280G(b)(2) of the Code (a “Parachute Payment”), and also to be subject to the
excise tax imposed by Section 4999 of the Code, or any interest or penalties are
incurred by Otte with respect to such excise tax (such excise tax, together with
any such interest and penalties, being herein collectively referred to as the
“Excise Tax”), then Otte shall be entitled to receive an additional payment from
the Company (the “Gross-Up Payment”) in an amount such that the net amount of
such additional payment retained by Otte, after payment of all federal, state
and local income and employment and Excise Taxes imposed on the Gross-Up
Payment, shall be equal to the Excise Tax imposed on the
Payment.  Notwithstanding the foregoing or any other provision of this
Agreement, if it shall be determined that Otte is entitled to a Gross-Up Payment
but that the net present value of the Parachute Payments (calculated at the
discount rate in effect under Section 280G of the Code) do not exceed 110% of
the Reduced Amount (as defined below), then no Gross-Up Payment shall be made to
Otte and the aggregate amount of the Parachute Payments otherwise payable under
this Agreement shall be reduced to the Reduced Amount; provided, that the
foregoing reduction shall not be made if the Accounting Firm (as defined below)
determines that the net after-tax benefit of the payments to Otte without the
reduction imposed is more than 110% of the net after-tax benefit of the payments
to Otte with the reduction imposed.  For purposes of the foregoing,
the term “Reduced Amount” shall mean the greatest amount of Parachute Payments
that could be paid to Otte such that the receipt of such Parachute Payments
would not give rise to any Excise Tax.  The determination of which
Payments shall be reduced pursuant to this Section 2(a) shall be made by an
independent accounting firm of nationally recognized standing selected by the
Company, in consultation with Otte and shall be reasonably acceptable to Otte
(the “Accounting Firm”), and such determination shall be made at the time it is
determined whether any payments made to Otte are subject to the Excise
Tax.  For the avoidance of doubt, PricewaterhouseCoopers, Deloitte
& Touche, Ernst & Young and KPMG are firms reasonably acceptable to
Otte.  All fees and expenses of the Accounting Firm under this Section
2 shall be borne solely by the Company.

     

    (b)      
   Subject to the provisions of Section 2(c) hereof, all
determinations required to be made under this Section 2, including whether
and when a Gross-Up Payment is required and the amount of such Gross-Up Payment
and the assumptions to be utilized in arriving at such determination, shall be
made by the Accounting Firm.  The initial determination of whether a
Gross-Up Payment is required, and if so, the amounts of the Excise Tax and
Gross-Up Payment, shall be determined by the Accounting Firm, whose written
report shall be delivered to the Company and to Otte.  Not later than
sixty (60) days after any Payment, the Accounting Firm shall determine whether a
Gross-Up Payment is due with respect to such Payment, and such Gross-Up Payment
shall be paid by the Company to Otte (except to the extent any portion thereof
is paid to the taxing authorities on behalf of Otte) not later than ten (10)
days following the Accounting Firm’s determination.  Otte and the
Company shall cooperate in good faith as to the treatment of a Payment for tax
reporting and withholding purposes.

     

    (c)      
   Otte shall notify the Company in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Company of a Gross-Up Payment or additional Gross-Up Payment  Such
notification shall be given as soon as practicable but in no event later than
the earlier of (i) thirty (30) days after Otte is informed in writing of such
claim or (ii) fifteen (15) days before the date on which such claim is requested
to be paid, and shall apprise the Company of the nature of such claim and the
date on which such claim is requested to be paid.  Otte shall not pay
such claim prior to the expiration of the 30-day period following the date on
which Otte gives such notice to the Company (or such shorter period ending on
the date that any payment of taxes with respect to such claim is
due).  If the Company notifies Otte in writing prior to the expiration
of such period that it desires to contest such claim, Otte shall:

    

    
      	
               
      

            	
              (i)

            	
              give
      the Company any information reasonably requested by the Company relating
      to such claim;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              take
      such action in connection with contesting such claim as the Company shall
      reasonably request in writing from time to time, including without
      limitation, accepting legal representation with respect to such claim by
      an attorney selected by the Company and reasonably acceptable to
      Otte;

            

    

    

    
      	
               
      

            	
              (iii)

            	
               cooperate
      with the Company in good faith in order effectively to contest such claim;
      and

            

    

    

    
      	
               
      

            	
              (iv)

            	
               permit
      the Company to participate in any proceedings relating to such
      claim;

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    provided, however, that the
Company shall bear and pay directly all costs and expenses (including additional
interest and penalties) incurred in connection with such contest and shall
indemnify and hold Otte harmless for any Excise Tax or federal, state and local
income and employment tax (including interest and penalties with respect
thereto) imposed,  and payment of costs and expenses incurred, as a
result of such contest promptly after incurring such costs and
expenses.  Without limitation on the foregoing provisions of this
Section 2(c), the Company shall control all proceedings taken in connection
with such contest and, at its sole option, may pursue or forgo any and all
administrative appeals, proceedings, hearings and conferences with the taxing
authority in respect of such claim and may, at its sole option, either direct
Otte to pay the tax claimed and sue for a refund or to contest the claim in any
permissible manner, and Otte agrees to prosecute such contest to a determination
before any administrative tribunal, in a court of initial jurisdiction and in
one or more appellate courts, as the Company shall determine; provided, however, that if the
Company directs Otte to pay such claim and sue for a refund, the Company shall
advance the amount of such payment to Otte, on an after-tax basis, and shall
hold Otte harmless from any Excise Tax or federal, state or local income or
employment tax (including interest or penalties with respect thereto) imposed
with respect to such advance or with respect to any imputed income with respect
to such advance.  The Company’s control of the contest, however, shall
be limited to issues with respect to which a Gross-Up Payment would be payable
hereunder, and Otte shall be entitled to settle or contest, as the case may by,
any other issue raised by the Internal Revenue Service or any other taxing
authority.

     

    (d)           If,
after the receipt by Otte of an amount advanced by the Company pursuant to
Section 2(c), Otte becomes entitled to receive any refund with respect to
such claim, Otte shall (subject to the Company’s complying with the requirements
of Section 2(c)) promptly pay to the Company the amount of such
refund  (together with any interest paid or credited thereon after
taxes applicable thereto).  If, after the receipt by Otte of an amount
advanced by the Company pursuant to Section 2(c), a determination is made
that Otte shall not be entitled to any refund with respect to such claim and the
Company does not notify Otte in writing of its intent to contest such denial of
refund prior to the expiration of thirty (30) days after such determination,
then such advance shall be forgiven and shall not be required to be repaid and
the amount of such advance shall offset, to the extent thereof, the amount of
Gross-Up Payment required to be paid.

     

    (e)           In
the event that the Excise Tax is subsequently determined to be less than
initially determined, Otte shall repay to the Company at the time that the
amount of such reduction in Excise Tax is determined (but, if previously paid to
the taxing authorities, not prior to the time the amount of such reduction is
refunded to Otte or otherwise realized as a benefit by Otte) the portion of the
Gross-Up Payment that would not have been paid if the Excise Tax as subsequently
determined had been applied initially in calculating the Gross-Up Payment, with
the amount of such repayment determined by the Accounting Firm; provided that
the amount of required repayment by Otte shall be reduced, as the Accounting
Firm may determine, in order to avoid putting Otte in a worse after-tax position
than he would have enjoyed had the amount of Excise Tax been correctly
determined in the first instance, such determination to be made on a basis
consistent with the intention of this Section 2, which is to make Otte whole on
an after-tax basis on account of any Excise Tax (including related interest and
penalties).  Similarly, if the amount of Gross-Up Payments actually
made by the Company is subsequently determined by the Accounting Firm to have
been inadequate to satisfy the Company’s obligation to protect Otte against the
Excise Tax (including related interest and penalties), additional Gross-Up
Payments shall be made as directed by the Accounting Firm.  Otte and
the Company shall each have the right at all times to have the Accounting Firm
review and confirm or revise earlier calculations.

    

    (f)           Notwithstanding
any other provision of this Section 2, all payments hereunder will be made no
later than the end of the calendar year next following the calendar year in
which Otte remits the related taxes as required by Section 409A of the
Code.

    

    Section 3. 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 Otte, at his 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.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    Section 4. Representations.

     

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

     

    Section 5. Amendment.

     

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

     

    Section 6. Binding
Effect.

     

    The
rights and duties under this Agreement are not assignable by Otte other than as
a result of his death. None of Otte’s rights under this Agreement shall be
subject to any encumbrances or the claims of Otte’s creditors. This Agreement
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.

     

    Section 7. Governing
Law.

     

    This
Agreement 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.

     

    Section 8. Severability.

     

    If any
provision of this Agreement 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 Agreement 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
Agreement invalid, illegal or unenforceable in any way.

     

    Section 9. Execution in
Counterparts.

     

    This
Agreement 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.

     

    Section 10. Entire
Agreement.

     

    This
Agreement, together with the Letter and award agreements entered into by and
between Otte 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.

     

    Section 11. 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 Agreement.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    Section 12. 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
Agreement, and waives the defense of inconvenient forum to the maintenance of
any such action or proceeding.

     

    Section 13. No Duty to
Mitigate.

     

    Otte
shall have no duty to mitigate or, except as specified in Section 1(c), have any
off-set made against amounts payable by the Company to Otte
hereunder.

     

    Section 14. Release.

     

    As a
condition to the obligation of the Company to make the payments provided for in
this Agreement and otherwise perform its obligations hereunder to Otte upon
termination of Otte’s employment (other than due to his death), Otte or his
legal representatives shall deliver to the Company a written release,
substantially in the form attached hereto as Exhibit A, and the time for
revocation of such release shall have expired, no later than thirty (30) days
following termination of Otte’s employment; provided, however, that such release
shall be conditioned on the receipt from the Company of a release of Otte,
provided that such release from the Company shall not be such a condition and
shall be null and void and of no force or effect in the event of any act or
omission by Otte that constitutes Cause or that could be a crime of any
kind.

     

    Section 15. Section
409A.

     

    (a)  Notwithstanding
any provision of this Agreement to the contrary, if Otte is a “specified
employee” as determined by the Board or the Compensation 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”), Otte
shall not be entitled to any payments of amounts which constitute deferred
compensation within the meaning of Section 409A upon a termination of his
employment until the earlier of (i) the date which is six months after his
termination of employment for any reason other than death (except that during
such six (6) month period Otte 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 his death.

     

    (b) If
any provision of this Agreement or of any award of compensation, including
equity compensation or benefits would cause Otte 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.

     

    (c)
Notwithstanding any provision of this Agreement to the contrary, to the extent
any compensation or award which constitute 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 Otte on the earliest of
(i) Otte’s “separation from service” with the Company (determined in
accordance with Section 409A) (or, if Otte is a specified employee within
the meaning of Section 409A, such later date as provided in paragraph (a) of
this Section 15), (ii) the date payment otherwise would have been made, or
(iii) Otte’s death.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

      IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of June 9,
2009.

    

    
      
        
          
            
              	
                      /s/ Daryl Otte

                    
	
                      Daryl
      R. Otte

                    
	 
      
	
                      THESTREET.COM,
      INC.

                    
	 
      
	
                      By:

                    	
                      /s/
      William Gruver

                    
	
                      Name:
      William R. Gruver

                    
	
                      Title:
      Director, Compensation  Committee
  Chair

                    

            

          

        

      

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    EXHIBIT
A

    

    Form of
Release

     

    This
Release (this “Release”) is entered into by Daryl R. Otte (“Otte”) and
TheStreet.com, Inc., a Delaware corporation (the “Company”), effective as of
[DATE] (the “Effective Date”).

     

    In
consideration of the promises set forth in the Change of Control and Severance
Agreement between Otte and the Company, dated as of June 9, 2009 (the
“Agreement”), Otte and the Company agree as follows:

     

    1.      
    General
Releases and Waivers of Claims.

     

    (a)  Otte’s Release of
Company. In consideration of the payments and benefits provided to Otte
under the Agreement and after consultation with counsel, Otte on behalf of
himself and each of his respective heirs, executors, administrators,
representatives, agents, successors and assigns (collectively, the “Otte
Parties”) hereby irrevocably and unconditionally release and forever discharge
the Company and its subsidiaries and affiliates and each of their respective
officers, employees, directors, shareholders and agents (“Company Parties”) from
any and all claims, actions, causes of action, rights, judgments, fees and costs
(including attorneys’ fees), obligations, damages, demands, accountings or
liabilities of whatever kind or character (collectively, “Claims”), including,
without limitation, any Claims based upon contract, tort, or under any federal,
state, local or foreign law, that the Otte Parties may have, or in the future
may possess, arising out of any aspect of Otte’s employment relationship with
and service as an employee, officer, director or agent of the Company, or the
termination of such relationship or service, that occurred, existed or arose on
or prior to the date hereof; provided, however, that Otte does not release,
discharge or waive (i) any rights to payments and benefits provided under the
Agreement, (ii) any right Otte may have to enforce this Release or the
Agreement, (iii) Otte’s eligibility for indemnification in accordance with the
Company’s certificate of incorporation, bylaws or other corporate governance
document, any applicable insurance policy or any contract or provision to which
Otte is a party or as to which Otte otherwise is entitled to indemnification
benefits, with respect to any liability he incurred or might incur as an
employee, officer or director of the Company, or (iv) any claims for accrued,
vested benefits under any employee benefit or pension plan of the Company
Parties subject to the terms and conditions of such plan and applicable law
including, without limitation, any such claims under COBRA or the Employee
Retirement Income Security Act of 1974.

     

    (b) Executive’s Specific Release
of ADEA Claims. In further consideration of the payments and benefits
provided to Otte under the Agreement, Otte on behalf of himself and the other
Otte Parties hereby unconditionally release and forever discharge the Company
Parties from any and all Claims that the Otte Parties may have as of the date
Otte signs this Release arising under the Federal Age Discrimination in Change
of Control and Severance Act of 1967, as amended, and the applicable rules and
regulations promulgated thereunder (“ADEA”). By signing this Release, Otte
hereby acknowledges and confirms the following: (i) Otte was advised by the
Company in connection with his termination to consult with an attorney of his
choice prior to signing this Release and to have such attorney explain to him
the terms of this Release, including, without limitation, the terms relating to
his release of claims arising under ADEA, and Otte has in fact consulted with an
attorney; (ii) Otte was given a period of not fewer than 21 days to
consider the terms of this Release and to consult with an attorney of his
choosing with respect thereto; and (iii) Otte knowingly and voluntarily
accepts the terms of this Release. Otte also understands that he has
seven (7) days following the date on which he signs this Release within
which to revoke the release contained in this paragraph, by providing the
Company a written notice of his revocation of the release and waiver contained
in this paragraph.

     

    (c)  Company’s Release of
Executive. The Company for itself and on behalf of the Company Parties
hereby irrevocably and unconditionally release and forever discharge the Otte
Parties from any and all Claims, including, without limitation, any Claims based
upon contract, tort, or under any federal, state, local or foreign law, that the
Company Parties may have, or in the future may possess, arising out of any
aspect of Otte’s employment relationship with and service as an employee,
officer, director or agent of the Company, or the termination of such
relationship or service, that occurred, existed or arose on or prior to the date
hereof, excepting any Claim which would constitute or result from conduct by
Otte that constituted the basis for termination for Cause under the Agreement or
could be a crime of any kind. Anything to the contrary notwithstanding in this
Release, nothing herein shall release Otte or any other Executive Party from any
Claims based on any right the Company may have to enforce this Release or the
Agreement.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (d)  No Assignment. The
parties represent and warrant that they have not assigned any of the Claims
being released under this Release.

     

    2.           Proceedings. Neither Otte nor the Company have
filed, any complaint, charge, claim or proceeding against the other party before
any local, state or federal agency, court or other body relating to Otte’s
employment or the termination thereof (each, individually, a
“Proceeding”).

     

    3.          
Remedies.

     

    (a)  In
the event Otte initiates or voluntarily participates in any Proceeding involving
any of the matters waived or released in this Release, or if he fails to abide
by any of the terms of this Release, or if he revokes the ADEA release contained
in Paragraph 1(b) of this Release within the seven-day period provided
under Paragraph 1(b), the Company may, in addition to any other remedies it
may have, reclaim any amounts paid to him, and terminate any benefits or
payments that are due, pursuant to the termination provisions of the Agreement,
without waiving the release granted herein. In addition, in the event that Otte
has failed to comply with Sections 6 and/or 7 of that certain letter agreement
between Otte and the Company, dated June 9, 2009, regarding the grant by the
Company to Otte of Restricted Stock Units (the “Letter”) (other than as a result
of an unintentional and immaterial disclosure of confidential information), the
Company may, in addition to any other remedies it may have, to the extent
permitted in the Agreement and the Letter reclaim any amounts paid to him
pursuant to the Agreement or the Letter, without waiving the release granted
herein. Otte acknowledges and agrees that the remedy at law available to the
Company for breach of any of his post-termination obligations under the
Agreement or his obligations herein would be inadequate and that damages flowing
from such a breach may not readily be susceptible to being measured in monetary
terms. Accordingly, Otte acknowledges, consents and agrees that, in addition to
any other rights or remedies that the Company may have at law or in equity, the
Company shall be entitled to seek a temporary restraining order or a preliminary
or permanent injunction, or both, without bond or other security, restraining
Otte from breaching his post-termination obligations under the Agreement or his
obligations hereunder. Such injunctive relief in any court shall be available to
the Company, in lieu of, or prior to or pending determination in, any
arbitration proceeding.

     

    (b)  Otte
understands that by entering into this Release he will be limiting the
availability of certain remedies that he may have against the Company and
limiting also his ability to pursue certain claims against the
Company.

     

    (c)  The
Company acknowledges and agrees that the remedy at law available to Otte for
breach of any of its post-termination obligations under the Agreement or its
obligations hereunder would be inadequate and that damages flowing from such a
breach may not readily be susceptible to being measured in monetary terms.
Accordingly, the Company acknowledges, consents and agrees that, in addition to
any other rights or remedies that Otte may have at law or in equity, Otte shall
be entitled to seek a temporary restraining order or a preliminary or permanent
injunction, or both, without bond or other security, restraining the Company
from breaching its post-termination obligations under the Agreement or its
obligations hereunder. Such injunctive relief in any court shall be available to
Otte, in lieu of, or prior to or pending determination in, any arbitration
proceeding.

     

    (d)  The
Company understands that by entering into this Release it will be limiting the
availability of certain remedies that it may have against Otte and limiting also
its ability to pursue certain claims against Otte.

     

    4.           Severability
Clause. In the event any
provision or part of this Release is found to be invalid or unenforceable, only
that particular provision or part so found, and not the entire Release, will be
inoperative.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    5.            Nonadmission. Nothing contained in this Release
will be deemed or construed as an admission of wrongdoing or liability on the
part of the Company or Otte.

     

    6.            Governing
Law. All matters affecting
this Release, including the validity thereof, are to be governed by, and
interpreted and construed in accordance with, the laws of the New York
applicable to contracts executed in and to be performed in that
State.

     

    7.            Notices. All notices or communications
hereunder shall be made in accordance with Section 3 of the
Agreement:

     

    OTTE
ACKNOWLEDGES THAT HE HAS READ THIS RELEASE AND THAT HE FULLY KNOWS, UNDERSTANDS
AND APPRECIATES ITS CONTENTS, AND THAT HE HEREBY EXECUTES THE SAME AND MAKES
THIS RELEASE AND THE RELEASE AND AGREEMENTS PROVIDED FOR HEREIN VOLUNTARILY AND
OF HIS OWN FREE WILL.

     

    IN
WITNESS WHEREOF, the parties have executed this Release as of _______________,
2009.

    

    
      
        	 
      
	
                Daryl
      R. Otte

              
	 
      	 
      
	
                THESTREET.COM,
      INC.

              
	 
      	 
      
	
                By:

              	 
      
	
                Name:

              	 
      
	
                Title:

              	 
      

      

    

    
      
         

      

      
        10

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