Direct Compensation. For his service hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $400,000.00 (the "Base Salary"), to be paid in accordance with the normal practices for remunerating Titan’s salaried executive employees. Nothing in this Agreement will be deemed to prohibit an increase at any time in the Executive’s Base Salary if Titan's Board of Directors approves the same in its sole discretion (as so approved and adjusted, referred to herein as the "Adjusted Base Salary"), however salary reviews will be conducted annually.

Direct Compensation. For his service hereunder duringDuring the Employment Term and, if applicable, duringof Employment, as compensation for the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $400,000.00 (the "Base Salary"),employment services to be paidrendered by Executive hereunder, the Company agrees to pay to Executive, and Executive agrees to accept, payable in equal bi-weekly installments in accordance with Company practice, an annual base salary of Four Hundred Thousand Dollars and 00/100 Cents ($400,000.00) (the “Base Salary”) as of the normal practices for remunerating Titan’s salaried executive employees. Nothing in this Agreement willEffective Date. The Base Salary shall be deemedreviewed at least annually to prohibit an increase at any timeascertain whether, in the Executive’sjudgment of the Company, such Base Salary if Titan's Boardshould be adjusted. If so, the adjusted Base Salary shall be adjusted for all purposes of Directors approves the same in its sole discretion (as so approved and adjusted, referred to herein as the "Adjusted Base Salary"), however salary reviews will be conducted annually. this Agreement.