September, 2006, GIGABEAM CORPORATION, a Delaware corporation, with its
corporate headquarters located at 470 Springpark Place, Suite 900, Herndon,
Virginia, 20170, its successors and assigns (hereinafter collectively referred
to as “Company”), and DOUGLAS G. LOCKIE, an individual residing at 19267
Mountain Way, Los Gatos, California, 95030 (“Executive”), taking into
consideration certain current financial exigencies affecting the Company, and
intending to be legally bound hereby, agree to amend the Employment Agreement
July 12, 2004 between them, as follows:
September 26, 2006, the annual base salary provided for in Paragraph 4(a) of
Employment Agreement shall be reduced by fifty (50%) percent.
WITNESS WHEREOF, the parties have executed and delivered this amendment, as
the date first above written.