During the term of this Agreement, the Company shall pay the Executive a base salary at the rate of Three Hundred Seventy-Five Thousand Dollars ($375,000) per year, payable monthly in equal amounts in accordance with the normal payroll practices of the Company as in effect from time to time and subject to adjustment upward, but not downward, from time to time by the Parent’s board of directors (the “ Board ”), in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the “ Base Salary .” The Executive hereby consents to the direct deposit of any payments made by the Company under this Agreement into his designated U.S. bank account, and agrees to complete the paperwork necessary to allow for such direct deposit.