SEC Contract Filing

Filing Date: 2016-03-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>6
<FILENAME>s102723_ex10-31.htm
<DESCRIPTION>EXHIBIT 10-31
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.31</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SEVERANCE AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SEVERANCE AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;),
dated as of January 19, 2016, by and between TheStreet, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo; or &ldquo;<U>TheStreet</U>&rdquo;),
and <U>Eric Lundberg</U> (&ldquo;Mr. Lundberg&rdquo; and together with the Company, each a &ldquo;<U>Party</U>&rdquo; and collectively
the &ldquo;<U>Parties</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 74.9pt">WHEREAS, the Company desires that Mr. Lundberg
enter into this Agreement, and Mr. Lundberg desires to enter into this Agreement, on the terms and conditions set forth herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 74.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 74.9pt">WHEREAS, the Company granted Mr. Lundberg
650,000 stock options pursuant to a stock option agreement, dated January 19, 2016 (the &ldquo;<U>Equity Agreements</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 74.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 74.9pt">WHEREAS, Mr. Lundberg agreed to be bound
by certain restrictive covenants in the Equity Agreements; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW THEREFORE, the parties hereto agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 1</U>. <U>Severance Benefits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Severance</U>. In the event that the Company (or Successor (as defined below), if applicable) terminates Mr. Lundberg&rsquo;s employment
with the Company (or Successor, if applicable) without Cause (as defined in the Equity Agreements), then Mr. Lundberg shall be
entitled to the following severance benefits:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(A) pay Mr. Lundberg an amount equal to twelve (12)
months of his base salary (at the annual rate in effect immediately prior to termination, but in no event less than Mr. Lundberg&rsquo;s
original annual salary of $275,000); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(B) If Mr. Lundberg elects continuation coverage pursuant
to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (&ldquo;COBRA&rdquo;) for himself and his eligible dependents,
within the time period prescribed pursuant to COBRA, the Company will reimburse Mr. Lundberg for (or pay directly) the COBRA premiums
for such coverage (at the coverage levels in effect immediately prior to Mr. Lundberg&rsquo;s termination) until the earlier of
(x) a period of twelve (12) months from the last date of employment with the Company, or (y) the date upon which he and/or his
eligible dependents becomes covered under similar plans. COBRA reimbursements will be made by the Company to Mr. Lundberg consistent
with the Company&rsquo;s normal expense reimbursement policy and will be taxable to the extent required to avoid adverse consequences
to Executive or the Company under either Code Section 105(h) or the Patient Protection and Affordable Care Act of 2010.; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For purposes of this Agreement, &ldquo;<U>Successor</U>&rdquo;
shall mean any person or entity that acquires all or substantially all of the Company&rsquo;s assets or into which the Company
is merged or combined with the Company ceasing to exist (or the successor to any such entity, whether by merger, assignment or
otherwise).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
 <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence -->&nbsp;</P></DIV>
 <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
 <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Benefits</U>. Subject to Section 15, if Mr. Lundberg becomes ent