During his employment with the Company, Executive will be entitled to receive an annualized base salary (the “ Base Salary ”) of not less than $500,000. The Compensation Committee of the Board of Directors (the “ Compensation Committee ”) may review Executive’s Base Salary annually to determine whether increases are appropriate. Any such increased amount will thereafter be the “ Base Salary ” for all purposes. During Executive’s employment with the Company, the Base Salary will not be decreased at any time, or for any purpose (including, without limitation for the purpose of determining payments and benefits under Section 5), without Executive’s prior written consent.