During the Employment Period, the Executive shall receive a base salary (the “ Base Salary ”) of $430,000 per annum, which amount reflects the Executive’s 2016 Base Salary and may be increased by the Compensation Committee, as provided below. The Base Salary shall be paid in installments at such intervals as the Company pays executive salaries generally, but not less often than monthly. During the Employment Period, the Base Salary shall be reviewed at least annually for possible increase (but not decrease) in the Company’s sole discretion, as determined by the compensation committee (the “ Compensation   Committee ”) of the Board of Directors of the Company (the “ Board ”). The term “Base Salary” as utilized in this Agreement shall refer to Base Salary as so adjusted. Any increase in Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement.