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 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 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  
   
   
    By:   /s/ Louis S. Slaughter                        Louis S. Slaughter  
Chief Executive Officer and Chairman of the Board           DOUGLAS G. LOCKIE   
/s/ Douglas G. Lockie 

 
 

 
 
 

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