This THIRD MODIFICATION AGREEMENT

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PAID INC | AUGUSTINE FUND, L.P

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Title: This THIRD MODIFICATION AGREEMENT
Date: 3/31/2006

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EXHIBIT 4

                                                                    EXHIBIT 4.10

                          THIRD MODIFICATION AGREEMENT

      This THIRD MODIFICATION AGREEMENT (the "Agreement") is made as of Oct. 15,
2005, by and between PAID, INC., a Delaware corporation (the "Corporation") and
AUGUSTINE FUND, L.P. (the "Lender").

W1TNESSETH

      R.1. On November 1, 2001 (the "Transaction Date), the Corporation and the
Lender entered into a Loan Agreement (the "Loan Agreement") pursuant to which
the Lender agreed to extend loans up to $1,000,000 in the form of a Convertible
Promissory Note (the "Note"). The Note is convertible into shares of the

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