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EXHIBIT 10.1
AMENDMENT NO 1.
TO
PAID, INC. NON-QUALIFIED STOCK OPTION PLAN
This
Amendment is made as of November 10, 2020 to the Paid, Inc. 2018
Non-Qualified Stock Option Plan (the “Stock
Plan”).
Whereas, the Stock
Plan was adopted by the Directors on March 23, 2018;
and
Whereas, the
Directors agreed to amend the Stock Plan to increase the number of
shares reserved for issuance;
Now,
therefore, the Stock Plan is hereby amended as
follows:
1.
The first sentence
of Section VI is hereby amended and replaced in its entirety by the
following sentence:
“The number
of shares of Common Stock that may be the subject of awards under
this 2018 Plan shall not exceed an aggregate of 900,000
shares.”
2. Except
as herein expressly modified, all other provisions of the 2018
Stock Plan shall remain unchanged, are in full force and effect,
and are hereby ratified and confirmed.
3. This
Amendment shall be governed by and construed in accordance with the
internal laws of the State of Delaware without regard to principles
of conflicts of laws.