Effective March 1, 2017, the Company shall pay the Executive a base salary (the “ Base Salary ”) at the annualized rate of $400,000, which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices in place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the Board and/or the Compensation Committee of the Board (the “ Compensation Committee ”) shall in its/their discretion deem appropriate. As used in this Agreement, the term “ Base Salary ” shall refer to Base Salary as may be adjusted from time to time.