The Company shall pay to Executive an annual base salary (the " Base Salary ") of Two Hundred Ninety Thousand Dollars ($290,000).  The Executive's Base Salary shall be reviewed at least annually with the Compensation Committee of the Board of Directors of the Company (the " Compensation Committee "), and the Compensation Committee may, but shall not be required to, increase the Base Salary during the Term based upon changes in cost of living, the Executive's performance and other factors deemed relevant by the Compensation Committee.  The Base Salary will be payable at such intervals as salaries are paid generally to other executive officers of the Company.