During the Employment Period, the Executive shall receive a base salary (the “ Base Salary ”) of $300,000 per annum. The Base Salary shall be reviewed annually by the Compensation Committee (the “ Compensation Committee ”) of the Board of Directors of the REIT (the “ Board ”) and may be increased from time to time by the Compensation Committee in its sole discretion. The Base Salary shall be paid in accordance with the Company’s normal payroll practices for executive salaries generally, but no less often than monthly. The Base Salary may be increased in the Compensation Committee’s discretion, but not reduced, and the term “Base Salary” as utilized in this Agreement shall refer to the Base Salary as so increased.