Portion of Isaac's employment contract with his employer, Xcel Brands:
1.3. Compensation.
(a) Base Salary. The Executive’s base salary (the “Base Salary”) shall be (i) $1,800,000, $2,000,000, and $2,100,000 per annum for the calendar years ending December 31, 2020, 2021 and 2022 respectively, and in the event this Agreement is renewed pursuant to Section 1.4 hereof $2,250,000 and $2,400,000 for the calendar years ended December 31, 2023 and 2024.