Preview | Employment Agreement |

(a) During the Employment Period, Executive shall devote his full time and attention during normal business hours to the business of the Company, will act in the best interests of the Company and will perform with due care his duties and responsibilities. Executives duties will include those normally incidental to the position of Vice President and Chief Financial Officer as well as whatever additional duties may be assigned to him by the Board of Directors of the Company (the Board) or the Chief Executive Officer of the Company. Executive agrees to cooperate fully with the Board and the Chief Executive Officer of the Company and not to engage in any activity that materially interferes with the performance of Executives duties hereunder. During the Employment Period, Executive will not hold outside employment without the advance written approval of the Board. Provided that it shall not be a violation of this Agreement for Executive to (1) serve on corporate, civic, or charitable boards or committees (except for boards or committees of a business organization that competes with the Company in any business in which the Company is regularly engaged), which are listed on Exhibit A so long as such service does not materially interfere with the performance of Executives duties and responsibilities under this Agreement, as determined in the good faith opinion of the Board, (2) manage personal investments, or (3) take vacation days and reasonable absences due to injury or illness, as set forth herein and/or permitted by the general policies of the Company.

(b) Executive represents and covenants to the Company that he is not subject or a party to any employment agreement, noncompetition covenant, nondisclosure agreement, or any other agreement, covenant, understanding, or restriction that would prohibit Executive from executing this Agreement and fully performing his duties and responsibilities hereunder, or would in any manner, directly or indirectly, limit or affect the duties and responsibilities that may now or in the future be assigned to Executive hereunder.

3. Compensation.

(a) During the Employment Period (as defined in Section 4 hereof), the Company shall pay to Executive an annualized base salary of $200,000 (the Base Salary) in consideration for Executives services under this Agreement, payable on a not less than semi-monthly basis, in conformity with the Companys customary payroll practices for executive salaries. For all purposes of this Agreement, Executives Base Salary shall include any portion thereof which is deferred under any nonqualified plan or arrangement. Each year, the Board shall review Executives salary based on market survey data, corporate performance, and performance of Executive. If, in its sole and complete discretion, the Board determines that an increase in Executives salary is appropriate, the Board may make such adjustment, and such adjusted salary shall thereafter be Executives Base Salary for purposes of this Agreement. Executives Base Salary may not be reduced except as part of a general reduction of salaries paid to management employees that is necessitated by business conditions, as determined by the Board.

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