The Company shall pay the Executive a base salary (the “Base Salary”) at the annual rate of $72,000 (U.S.), payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal and local payroll tax withholding and any other withholdings required by law. The Executive’s Base Salary may be increased by the Board or any party delegated by the Board. Once increased, such increased amount shall constitute the Executive’s Base Salary.