The Company shall pay Employee an initial annual salary of $430,000.00 (“ Base Salary ”), reflecting an increase effective October 13, 2017 from his current base salary of $324,450 and payable in accordance with the normal payroll practices of the Company. The Employee’s Base Salary will be reviewed and be subject to adjustment from time to time by the Board of Directors or its Compensation Committee at their discretion in accordance with the Company’s annual review policy. Based on the Company’s current policy, the Company expects Employee’s first annual review would be during the first quarter of 2018.