During the period of the Executive’s employment by the Company, the Executive shall receive an annual base salary of not less than US$375,000 (“ Base Salary ”) payable in equal semi-monthly installments, less applicable withholdings.  Each year, the Chief Executive Officer shall review the Base Salary and other compensation of the Executive based upon performance and other factors deemed appropriate by the Chief Executive Officer and, subject to approval by the Board of Directors of the Company (the “ Board ”) make such increases or decreases as Chief Executive Officer and the Board deem appropriate.