During the Employment Period, Executive shall receive an annual base salary in an amount equal to Two Hundred Thousand dollars ($200,000), less all applicable withholdings, which shall be paid in accordance with the customary payroll practices of the Company (as in effect from time to time, the “ Annual Base Salary ”). The Annual Base Salary shall be prorated for partial calendar years of employment and shall be subject to annual review and possible increase as determined by the Board of Directors of the Company (the “ Board ”), in its sole discretion.