AMENDMENT TO EMPLOYMENT AGREEMENT DATED JULY 12, 2004
Exhibit
10.3
AMENDMENT
TO EMPLOYMENT AGREEMENT DATED JULY 12, 2004
This
26th
date of
September, 2006, GIGABEAM CORPORATION, a Delaware corporation, with its
corporate headquarters located at 000 Xxxxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx,
Xxxxxxxx, 00000, its successors and assigns (hereinafter collectively referred
to as “Company”), and XXXXXXX X. XXXXXX, an individual residing at 00000
Xxxxxxxx Xxx, Xxx Xxxxx, Xxxxxxxxxx, 00000 (“Executive”), taking into
consideration certain current financial exigencies affecting the Company, and
intending to be legally bound hereby, agree to amend the Employment Agreement
of
July 12, 2004 between them, as follows:
Effective
September 26, 2006, the annual base salary provided for in Paragraph 4(a) of
the
Employment Agreement shall be reduced by fifty (50%) percent.
IN
WITNESS WHEREOF, the parties have executed and delivered this amendment, as
of
the date first above written.
GIGABEAM CORPORATION | ||
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By: | /s/ Xxxxx X. Xxxxxxxxx | |
Xxxxx X. Xxxxxxxxx | ||
Chief Executive Officer and Chairman of the Board | ||
XXXXXXX X. XXXXXX | ||
/s/ Xxxxxxx X. Xxxxxx |