Document:

Exhibit 10.3

                NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY SHHET

                            CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

The  Board  of  Directors  has  approved  the  following  compensation  for each
non-employee director:

Initial option grants

SIGA  Technologies,  Inc. will grant each non-employee  director who first joins
the Board options to purchase 25,000 shares of common stock at an exercise price
per share equal to the fair market  value price per share of common stock on the
date of the grant.

Annual option grant

SIGA  Technologies,  Inc.  will  grant  each  non-employee  director  options to
purchase  10,000  shares of common stock at each annual  meeting and  commencing
with the 2005 Annual Meeting.

Meeting fees

SIGA  Technologies,  Inc.  will pay its  directors  $1,000 per meeting for board
meetings.  The chairman of the Audit  Committee  will receive $1,000 per meeting
for meetings of the Audit Committee and all other members of the Audit Committee
will receive $500 per meeting for  meetings of the Audit  Committee.  Members of
the  Compensation  Committee and Nominating and Corporate  Governance  Committee
will  receive $500 per meeting for meetings of the  Compensation  Committee  and
Nominating and Corporate Governance Committee.

                                       17EXHIBIT 10.1

                     SETTLEMENT AGREEMENT AND MUTUAL RELEASE

      THIS SETTLEMENT AGREEMENT AND MUTUAL RELEASE (the "Agreement") is made and
entered into this 9th day of May, 2005, by and between PAID, Inc., a Delaware
corporation ("PAID") and Leslie Rotman ("Seller").

                                    Recitals:

      A. PAID, formerly known as Sales Online Direct, Inc., and Seller are
parties to an Agreement and Plan of Merger ("Merger Agreement") dated October
23, 2001, whereby Rotman Collectibles, Inc., a Massachusetts corporation engaged
in the movie poster business ("Target"), was merged with and into a subsidiary
of PAID. As consideration for such merger, Seller received a 6% Convertible
Promissory Note equal to One Million Dollars ($1,000,000) (the "Note"). The
principal and interest due under the Note was convertible into shares of common
stock of PAID. Seller has converted the entire amount due under the Note into
shares of Common Stock of PAID ("Common Stock"). PAID does not owe any
additional amount under the Note.

      B. Pursuant to the Merger Agreement, Seller and PAID engaged an appraiser
to appraise the total retail value of certain movie posters (the "Posters"),
which were the primary asset of Target. The appraisal provided that the total
retail value of the Posters was $2,233,685.18 (the "Appraised Value").

      C. The Company anticipates, based on its current history of sales, that
the posters will sell for an amount that is less than the Appraised Value;

      D. Seller contends that the appraisal of the Posters was made
independently, based on knowledge at the time, and that if the Posters sold for
a lower retail value, it is due to timing of the sales and a general decline in
retail sales over the past several years.

      E. The parties desire to fully settle and resolve all differences and
disputes that have been or could have been asserted by the parties arising out
of the Merger Agreement or the claims made by PAID, upon the terms and
conditions set forth herein.

                                   AGREEMENT:

      IN CONSIDERATION of the recitals, mutual promises, obligations and
agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Seller and PAID agree
as follows:

1. SETTLEMENT.

      1.1 Payment of Cash Consideration or Requirement to Escrow Shares. Seller
shall pay to PAID, Six Hundred Thousand Dollars ($600,000) in cash, delivered as
of the date hereof (the "Cash Consideration"), or, in lieu thereof, in Seller's
sole discretion, Seller shall deliver to the Company, in the manner set forth in
Section 1.2 hereof, options to purchase 2,000,000 shares of Common Stock of PAID
(the "Shares") pursuant to the terms of the Escrow Agreement attached hereto
(the "Escrow Agreement"), in which case PAID and Seller shall execute the Escrow
Agreement as of the date hereof.

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      1.2 PAID Call Option. In the event that Seller does not pay the Cash
Consideration as of the date hereof, Seller hereby grants to PAID or its
designee the right, commencing as of the date hereof, to purchase from Seller
2,000,000 shares of Common Stock (as adjusted for any stock split, reverse stock
split, stock dividend, reclassification, recapitalization, share exchange,
reorganization, or other similar event or transaction) at a purchase price per
share of the share's par value, which is $.001, subject only to such other terms
agreeable to PAID. PAID may freely transfer or assign all or part of the option.
The number of shares is based on a closing bid price as of May 6, 2005 of $.30.
This option shall terminate one year from the date hereof. In the event the
option expires, the Escrow Agent shall be instructed by PAID and Seller to
return the shares to Seller or its designee, at PAID's expense. The purchase
price for the shares acquired pursuant to this option shall be paid in
immediately available funds to an account designated by Seller.

2. RELEASES.

      2.1 Except with respect to the obligations created by or arising out of
this Agreement, PAID, for itself and its officers, directors, employees,
consultants, attorneys, accountants, agents, affiliates, successors,
representatives and assigns, hereby releases and fully discharges Seller, its
officers, directors, employees, consultants, attorneys, accountants, agents,
affiliates, successors, representatives and assigns from any and all claims,
demands, damages, debts, liabilities, accounts, obligations, costs, expenses,
liens, attorneys' fees, actions and causes of action of every kind or nature
whatsoever, at law or in equity, known or unknown, suspected or unsuspected,
that now exist or may arise in the future, arising out of or in any way related
to the Merger Agreement or the transactions contemplated therein.

      2.2 Except with respect to the obligations created by or arising out of
this Agreement, Seller, for itself and its officers, directors, employees,
consultants, attorneys, accountants, agents, affiliates, successors,
representatives and assigns, hereby releases and fully discharges PAID, its
officers, directors, employees, consultants, attorneys, accountants, agents,
affiliates, successors, representatives and assigns from any and all claims,
demands, damages, debts, liabilities, accounts, obligations, costs, expenses,
liens, attorneys' fees, actions and causes of action of every kind or nature
whatsoever, at law or in equity, known or unknown, suspected or unsuspected,
that now exist or may arise in the future, arising out of or in any way related
to the Merger Agreement or the transactions contemplated therein.

3. MISCELLANEOUS.

      3.1 No Admissions. It is understood that this Agreement is a full
compromise of disputed claims and that neither this Agreement nor its terms
shall be construed as an admission of liability, fault or wrongdoing of any
nature by any party.

      3.2 Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective employees, agents,
representatives, successors and assigns.

      3.3 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Massachusetts, exclusive of any
conflicts of law principle which would apply the substantive law of another
jurisdiction.

      3.4. Entire Agreement. This Agreement constitutes the entire understanding
and agreement of the parties and supersedes all prior agreements or
understandings, written or oral, between the parties with respect to this
specific subject matter, including without limitation the Merger Agreement and
the Note.

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<PAGE>

      3.5. Attorneys' Fees. Each party hereto shall bear its own attorneys' fees
and costs with respect to the claims and matters referenced herein, and other
than as set forth herein, no party shall have any obligation to the attorneys of
the other party, or to pay any costs incurred by the other party.

      3.6 Amendment; Waiver. Any amendment to this Agreement may be only made
upon the written consent of both parties. Any waiver of any provision hereof may
be made in writing signed by the party waiving such party's right or condition
to performance hereunder.

      3.7 Counterparts. This Agreement may be executed in multiple counterparts,
each of which shall be an original and all of which together shall constitute
one and the same agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year first above written.

                                        /s/ Leslie Rotman
                                        --------------------------------
                                        Leslie Rotman

                                        PAID, INC.

                                        By:    /s/ Gregory Rotman
                                               ---------------------------------
                                        Name:  Gregory Rotman
                                        Title: President

                                       3EXHIBIT 10.2

                                ESCROW AGREEMENT

      THIS ESCROW AGREEMENT (this "Agreement") is dated as of May 9, 2005, by
and among Paid, Inc., a corporation organized under the laws of the State of
Delaware (the "Company"), Leslie Rotman ("Seller"), and Olde Monmouth Stock
Transfer Co., Inc., as escrow agent (the "Escrow Agent").

                              W I T N E S S E T H:

      WHEREAS, the Company, formerly known as Sales Online Direct, Inc., and
Seller are parties to an Agreement and Plan of Merger ("Merger Agreement") dated
October 23, 2001, whereby Rotman Collectibles, Inc., a Massachusetts corporation
engaged in the movie poster business ("Target"), was merged with and into a
subsidiary of the Company. As consideration for such merger, Seller received a
6% Convertible Promissory Note equal to One Million Dollars ($1,000,000) (the
"Note"). The principal and interest due under the Note was convertible into
shares of common stock of the Company. Seller has converted the entire amount
due under the Note into shares of Common Stock of the Company ("Common Stock").
The Company does not owe any additional amount under the Note.

      WHEREAS, pursuant to the Merger Agreement, Seller and the Company engaged
an appraiser to appraise the total retail value of certain movie posters (the
"Posters"), which were the primary asset of Target. The appraisal provided that
the total retail value of the Posters was $2,233,685.18 (the "Appraised Value").

      WHEREAS, the Company anticipates that the posters will sell for an amount
that is less than the Appraised Value;

      WHEREAS, Seller contends that the appraisal of the Posters was made
independently, based on knowledge at the time, and that the Posters sold for a
lower retail value because, in part, of timing of the sales and a general
economic decline.

      WHEREAS, the parties entered into a Settlement Agreement and Mutual
Release ("Settlement Agreement and Mutual Release") to resolve all differences
related to the Merger Agreement;

      WHEREAS, as part of the settlement terms, Seller agreed to either pay cash
consideration equal to Six Hundred Thousand Dollars ($600,000) ("Cash
Consideration"), or to grant to the Company certain option rights and, with
respect thereto, is required to deposit 2,000,000 shares of Common Stock of the
Company beneficially owned by Seller into escrow (the "Escrow Shares");

      WHEREAS, the Escrow Agent is willing to act hereunder on the terms and
conditions set forth herein.

      NOW, THEREFORE, in consideration of the mutual covenants and obligations
set forth below, the parties hereto hereby agree as follows:

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I.    ESCROW DEPOSIT

      As of the date hereof, if Seller has not paid the Cash Consideration to
the Company, Seller shall promptly deposit the Escrow Shares with the Escrow
Agent, to be held in escrow with, and released by, the Escrow Agent, in
accordance with this Agreement.

II.   MAINTENANCE OF ESCROW; RIGHTS WITH RESPECT TO ESCROW SHARES

      A.    The Escrow Agent shall hold the Escrow Shares in certificate form or
            in a brokerage account, as the Escrow Agent deems appropriate to
            fulfill its duties hereunder, in either case registered in the name
            of the Escrow Agent as escrow agent under this Agreement. Seller (or
            her assignees) shall be the beneficial owner of the Escrow Shares
            unless and until any Escrow Shares are released to the Company in
            accordance with this Agreement.

      B.    While held in escrow, Seller (or her assignees) shall have the right
            to direct the voting of the Escrow Shares and the right to receive
            any cash dividends paid with respect to the Escrow Shares. Seller
            shall have no right to assign or otherwise transfer the Escrow
            Shares in any manner other than upon operation of law or court
            decree, in which case any and all assignees or transferees shall be
            bound by the terms of this Agreement without any action of such
            assignee or transferee.

      C.    In the event that any stock or other securities become issuable with
            respect to any Escrow Shares, or any stock split, share exchange or
            other reclassification or recapitalization shall occur with respect
            to any Escrow Shares, the stock or other securities issued in
            connection therewith shall be deposited into escrow with the Escrow
            Agent and held in accordance with this Agreement, and such stock or
            other securities shall be deemed included within the meaning of the
            term "Escrow Shares" as used herein.

III.  RELEASE OF ESCROW SHARES

      Escrow Shares shall be released from escrow at any time or from time to
time, in whole or in part, on or after the date hereof, solely upon written
instructions of the Company's President, or, if none, any officer authorized by
the Board of Directors of the Company, to the Escrow Agent, to such individual
or entity, and upon such terms, as may be reasonably requested by the Company,
unless otherwise ordered by a court of competent jurisdiction. Notwithstanding
the foregoing, the Escrow Agent shall release the Escrow Shares to Seller only
upon written instructions of Seller (or her assignees) at any time after one
year from the date hereof.

IV.   TRANSFERS OF BENEFICIAL INTEREST PRIOR TO RELEASE FROM ESCROW

      A.    Prohibition on Transfers. No Escrow Shares may be sold short, made
            the subject of put options, or otherwise beneficially sold,
            transferred, pledged or otherwise alienated or encumbered while held
            in escrow.

      B.    No Pledge of Right to Receive Escrow Shares. Seller shall not have
            any right to grant to a lender or any other person a security
            interest in Seller's right to receive

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<PAGE>

            Escrow Shares until released to Seller under this Agreement. Seller
            represents and warrants that the Escrow Shares are not currently
            subject to a security interest or pledge.

V.    ESCROW AGENT

      The acceptance by the Escrow Agent of its duties hereunder is subject to
the following terms and conditions, which the parties to this Agreement hereby
agree shall govern and control with respect to the rights, duties, liabilities
and immunities of the Escrow Agent:

      A.    Validity of Communications. The Escrow Agent shall not be
            responsible or liable in any manner whatever for the sufficiency,
            correctness, genuineness or validity of any communication given to
            the Escrow Agent.

      B.    Genuineness. The Escrow Agent shall be protected in acting upon any
            written notice, certificate, instruction, request or other paper or
            document believed by the Escrow Agent to be genuine and to have been
            signed or presented by the proper party or parties.

      C.    Limitation on Liability. The Escrow Agent shall not be liable for
            any act done hereunder except in the case of the Escrow Agent's
            willful misconduct or bad faith. Any release of Escrow Shares by the
            Escrow Agent pursuant to this Agreement shall fully discharge the
            Escrow Agent's duties with respect to such shares, and the Escrow
            Agent shall have no further obligation with respect to such shares.

      D.    No Investigation. The Escrow Agent shall not be obligated to
            investigate the correctness or accuracy of any document or to
            determine whether or not the signatures contained in such documents
            are genuine or to require documentation or evidence substantiating
            any such document or signature.

      E.    Duties. The Escrow Agent shall have no duties as Escrow Agent except
            those that are expressly set forth herein or in any modification or
            amendment hereof; provided, however, that no such modification or
            amendment hereof shall affect the Escrow Agent's duties unless the
            Escrow Agent shall have given written consent thereto.

      F.    Controversies. If any controversy arises between two or more of the
            parties hereto, or between any of the parties hereto and any person
            not a party hereto, as to whether or not or to whom the Escrow Agent
            shall deliver any Escrow Shares or as to any other matter arising
            out of or relating to this Escrow Agreement, the Escrow Agent shall
            not be required to determine the same and need not make any delivery
            of the Escrow Shares in dispute or any portion thereof but may
            retain the same until the rights of the parties to the dispute shall
            have been finally determined by agreement, by final arbitral
            decision or by final judgment of a court of competent jurisdiction
            after all appeals have been finally determined (or the time for
            further appeals has expired without an appeal having been made). The
            Escrow Agent shall deliver, in accordance with the terms hereof,
            that portion of the Escrow Shares not subject to such dispute. The
            Escrow Agent shall deliver that portion of the Escrow Shares covered
            by such agreement or final decision or order within five days after
            the Escrow Agent receives a copy thereof. The Escrow Agent shall
            assume that no such controversy has arisen unless and until it
            receives written notice from the Company, Seller or an interested
            third party that such controversy has arisen,

                                       3
<PAGE>

            which refers specifically to this Agreement and identifies the
            adverse claimants to the controversy.

      G.    Indemnification. The Company shall indemnify the Escrow Agent for,
            and to hold the Escrow Agent harmless from and against, any loss
            incurred without gross negligence, willful misconduct, or bad faith
            on the Escrow Agent's part, arising out of or in connection with the
            administration of this Agreement, including the costs and expenses
            of defending the Escrow Agent against any claim or liability in
            connection with the exercise or performance of any of its powers or
            duties hereunder. This indemnification shall not apply to a direct
            claim against the Escrow Agent by the Company or Seller alleging in
            good faith a breach of this Agreement by the Escrow Agent, which
            claim results in a final non-appealable judgment against the Escrow
            Agent with respect to such claim.

      H.    Interpleader. In the event of any dispute as to the nature of the
            rights or obligations of the Seller, the Company or the Escrow Agent
            hereunder, the Escrow Agent may at any time or from time to time
            interplead and/or deposit all or any part of the Escrow Shares with
            or to a court of competent jurisdiction, in accordance with the
            procedural rules thereof. The Escrow Agent shall give notice of such
            action to the Company and Seller. Upon such interpleader or deposit,
            the Escrow Agent shall immediately be relieved and discharged from
            all further obligations and responsibilities hereunder with respect
            to the Escrow Shares deposited, including the decision to interplead
            or deposit such Escrow Shares.

VI.   TERMINATION

      This Agreement shall terminate upon the release from escrow in accordance
with this Agreement of all of the Escrow Shares, provided that the provisions of
this Agreement for the benefit of the Escrow Agent shall survive any termination
of this Agreement.

VII.  MISCELLANEOUS

      A.    Amendment; Third Party Interests. This Agreement may be modified or
            amended by a written instrument executed by the Company and the
            Escrow Agent and, as long as Seller owns a beneficial interest in
            any Escrow Shares, by Seller. If Seller ceases to be the beneficial
            owner of any Escrow Shares other than through the Company's
            assignment or exercise of any call option related to such Escrow
            Shares, modification or amendment of this Agreement also shall
            require the written consent of any permitted assignee or transferee.

      B.    Notices. All communications required or permitted to be given under
            this Agreement to any party hereto shall be sent by first class
            mail, return receipt requested, to the following addresses and
            facsimile numbers, or such other addresses as the parties may
            specify by giving written notice:

            If to the Company:        4 Brussels St.
                                      Worcester, Massachusetts  01610
                                      Attention: Greg Rotman, CEO

            with copies to:           Bowditch & Dewey, LLP
                                      311 Main Street
                                      P.O. Box 15156
                                      Worcester, MA 01615-0156
                                      Attention: Michael A. Refolo, Esq.

                                       4
<PAGE>

            If to Seller:             Leslie Rotman
                                      c/o David Bunker, Esq.
                                      Gould & Ettenberg, P.C.
                                      370 Main Street
                                      Worcester, MA  01608

            If to the
            Escrow Agent:             Olde Monmouth Stock Transfer Co., Inc.
                                      200 Memorial Parkway
                                      Atlantic Highlands, New Jersey 07716
                                      Attention: Matt Troster

      C.    Successors and Assigns. This Agreement shall bind and inure to the
            benefit of the parties hereto and their respective successors and
            assigns; provided that the Escrow Agent shall not assign its duties
            under this Agreement and Seller shall not assign any right or
            interest in any Escrow Shares except in accordance with the
            provisions of this Agreement.

      D.    Governing Law. This Agreement shall be governed by and construed and
            interpreted in accordance with the laws of the Commonwealth of
            Massachusetts, excluding any conflicts of law principle that would
            apply the law of another jurisdiction.

      E.    Counterparts and Facsimile. This Agreement may be executed in two or
            more counterparts, each of which shall be an original, and all of
            which together shall constitute one and the same agreement. This
            Agreement may be executed by facsimile transmission, which shall be
            deemed an original for all purposes.

                                       5
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                                        PAID, INC.

                                        By: /s/ Gregory Rotman
                                           -------------------------------------
                                            Gregory Rotman, President

                                        /s/ Leslie Rotman
                                        ----------------------------------------
                                        Leslie Rotman

                                        ESCROW AGENT:
                                        OLDE MONMOUTH STOCK TRANSFER CO.,
                                        INC.

                                        By: /S/ John Anthony Troster
                                           -------------------------------------
                                            John Anthony Troster, President

                                       6

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