Your initial Base Salary shall be at the rate of $290,000 per annum, commencing as of the Start Date. Your Base Salary may be increased from time to time by the Board of Directors of the Company (the “ Board ”) or the Compensation Committee of the Board (the “ Compensation Committee ”), and we have agreed to increase your Base Salary to $298,700 and $307,661 effective 15 and 30 months, respectively, after your Start Date.