$288,000 Uses in Annual Salary Clause

Annual Salary from Agreement

Subject to the terms and conditions hereof, the Corporation shall employ the Employee as the Chief Executive Officer of the Corporation. The Employee hereby accepts such employment in accordance with the terms and conditions of this Agreement. The Employee agrees to perform those duties and functions and have those responsibilities which are normally associated with the position, in addition to carrying out such other duties and responsibilities as are assigned from time to time.

Annual Salary. As consideration for the services provided herein, the Corporation shall pay to the Employee an Annual Salary of $288,000 in arrears by semi-monthly instalments during the term of this Agreement. The Annual Salary will be reviewed by the Corporation annually.