As compensation for services rendered hereunder, the Executive shall initially receive a salary of $300,000.00 annually (the “ Base Salary ”), which shall be paid in accordance with the Company’s then prevailing payroll practices; provided that, the Base Salary may be adjusted upward from time to time as determined by the Board it its discretion. The annualized amount of the Base Salary is set forth herein as a matter of convenience and shall not be deemed or interpreted as an agreement by the Company to employ the Executive for any specific period of time.