Summary of Base Salary Adjustments for Named Executive Officers
This document outlines the updated base salaries for the company's CEO, CFO, and former COO, as specified in their respective employment agreements. The CEO's salary is set at $350,000, the CFO's at $185,000, and the former COO's at $175,000, with the COO's salary reflecting the agreement in effect before their resignation on August 11, 2004. The summary provides a record of these compensation adjustments for the named executive officers.
Exhibit 10.15
Adjustments to Compensation for Named Executive Officers
| Adjusted salary for CEO from CEO’s Employment Agreement | $ | 350,000 | |
| Adjusted salary for CFO from CFO’s Employment Agreement | $ | 185,000 | |
| Adjusted salary for former Chief Operating Officer from such COO’s Employment Agreement in effect prior to termination of that Employment Agreement effective August 11, 2004 in connection with COO’s resignation as an executive officer of the Company: | $ | 175,000 | |
