SEC Contract Filing

Filing Date: 2016-08-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>s103757_ex10-2.htm
<DESCRIPTION>EXHIBIT 10-2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

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

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">SEVERANCE AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;),
dated as of July 6, 2016, by and between TheStreet, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo; or &ldquo;<U>TheStreet</U>&rdquo;),
and <U>David Callaway</U> (&ldquo;Mr. Callaway&rdquo; and together with the Company, each a &ldquo;<U>Party</U>&rdquo; and collectively
the &ldquo;<U>Parties</U>&rdquo;).</P>

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 74.9pt">WHEREAS, the Company granted Mr. Callaway
1,000,000 stock options pursuant to a stock option agreement, dated July 6, 2016 (the &ldquo;<U>Equity Agreements</U>&rdquo;);</P>

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

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

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

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

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

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">(A) pay Mr. Callaway 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. Callaway&rsquo;s
original annual salary of $500,000); and</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">(B) If Mr. Callaway 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. Callaway for (or pay directly)
the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Mr. Callaway&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.
Callaway 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>

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

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

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