A base salary (“Base Salary”) payable at the rate of Fourteen Thousand, One Hundred and Sixty Seven Dollars ($14,167) per month (an annualized rate of One Hundred and Seventy Thousand Dollars ($170,000) per year) during the Employment Period, payable in accordance with the Company’s ordinary payroll practices. Any increase in Base Salary shall be at the sole discretion of the Board of Directors (or of the Compensation Committee, as the case may be).