As compensation for Executive’s performance of Executive’s duties hereunder, for fiscal year 2015, Company shall pay to Executive an annualized base salary of $250,000, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions, payable in accordance with the normal payroll practices of Company.  Beginning in fiscal year 2016, the Compensation Committee of the Company’s Board of Directors (the “ Board ”) shall conduct an annual review of Executive’s base salary based on third party comparison data and internal management recommendations. The salary increase will be evaluated after each fiscal year and implemented in September of each year.  In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will earn the base salary prorated to the date of termination.