On February 29, 2020, Allan Pratt completed his contractual obligation as a Chief Executive Officer with PAID, Inc. Mr. Pratt remains a member of the company’s board of directors. W. Austin Lewis, IV, as Chief Financial Officer was appointed interim Chief Executive Officer. Mr. Lewis, currently serves as CFO and Director of PAID as well as serving as a member of the Audit Committees and Compensation Committees for MAM Software, Inc.