GIGABEAM CORP
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=justify><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November 17, 2004</FONT></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Caroline Kahl, Esq.</FONT></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1907 Windsor Road</FONT></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Alexandria, VA 22307</FONT></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dear Caroline:</FONT></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On behalf of GigaBeam Corporation (&#147;GigaBeam&#148; or &#147;Company&#148;), I am pleased to offer you the position of Vice President, Corporate Counsel and Secretary with GigaBeam. The position will commence on a full time basis beginning December 1, 2004 and in the interim you have agreed to be an hourly employee on an as needed and as available basis effective as of October 13, 2004. This offer is valid through the end of the day Thursday, November 22, 2004.</FONT></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The following is a description of the terms and conditions of your employment. </FONT></DIV>
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<TD vAlign=top width="18%"><FONT size=2>1. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Title:</STRONG></FONT></FONT>&nbsp;</TD>
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<TD width="74%"><FONT size=2>Vice President, Corporate Counsel and Secretary. You will have overall responsibility for legal, the Corporate Secretary function and Human Resources. I also expect you to assist with other responsibilities which may be assigned to you. </FONT></TD></TR>
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<TD width="18%"><FONT size=2>2. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Reporting to:</STRONG></FONT></FONT>&nbsp;</TD>
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<TD width="74%"><FONT size=2>Louis Slaughter, CEO of GigaBeam.</FONT>&nbsp;</TD></TR>
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<TD vAlign=top width="18%"><FONT size=2>3. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Base Salary:</STRONG></FONT></FONT>&nbsp;</TD>
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<TD width="74%"><FONT size=2>At the rate of $170,000 per year, to be paid in accordance with GigaBeam&#146;s normal salary procedures or as appropriate on the equivalent hourly basis.&nbsp;</FONT>&nbsp;</TD></TR>
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<TD vAlign=top width="18%"><FONT size=2>4. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Incentive Bonus:</STRONG></FONT></FONT>&nbsp;</TD>
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<TD width="74%"><FONT size=2>You will be eligible for an initial incentive reference bonus for 2004. It will be $21,250 on an annualized basis and based on meeting subjective and objective goals (0 to 2 multiplier scale) to be established by GigaBeam in its sole discretion and subject to the performance of the Company. Soon after commencement of your employment with the company we will agree on mutually acceptable subjective and objective goals for your bonus plan.</FONT>&nbsp;</TD></TR> </TABLE>
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<TD width="25%"><FONT size=2>Caroline Kahl, Esq.&nbsp;</FONT>&nbsp;</TD>
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<P align=right>&nbsp;<FONT size=2>&nbsp;November 17, 2004</FONT></P></TD></TR>
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<P align=right>&nbsp;<FONT size=2> Page&nbsp;2 of 3</FONT></P></TD></TR>
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<TD vAlign=top width="18%"><FONT size=2>5. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Salary and Bonus Reviews:</STRONG></FONT></FONT></TD>
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<TD width="74%"><FONT size=2>Your salary and your incentive bonus will be reviewed annually. Your initial review will be in December 2005; subsequent annual reviews will occur in December of each year. Any increase in compensation will be based on your performance and success in your role as Vice President, Corporate Counsel and Secretary as determined at the sole discretion of the Company and the performance of GigaBeam.</FONT>&nbsp;</TD></TR>
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<TD vAlign=top width="18%"><FONT size=2>6. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Equity:</STRONG></FONT></FONT>&nbsp;</TD>
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<TD width="74%"><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject to approval by the Board of Directors, you will be granted Nonqualified Stock Options to purchase 40,000 shares (post-split) of GigaBeam Common Stock at an exercise price of $5.05 per share pursuant to our 2004 Stock Option Plan once it is adopted by GigaBeam&#146;s Board of Directors. The options will vest at 25% per year and will terminate ten years after the date of grant.</FONT>&nbsp;</TD></TR>
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<TD vAlign=top width="18%"><FONT size=2>7.<FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Primary Work Location:</STRONG></FONT></FONT>&nbsp;</TD>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GigaBeam&#146;s headquarters will be located at its facility in Chantilly or Herndon, Virginia or other location to be determined in the same general area with the understanding that some portion of your work week but not more than two days per week will be accomplished through telecommuting from your home office.</FONT>&nbsp;</DIV></TD></TR>
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<TD vAlign=top width="18%"><FONT size=2>8. <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Other Benefits:</STRONG></FONT></FONT>&nbsp;</TD>
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<TD width="74%"><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You will be eligible to participate in all benefit programs offered to GigaBeam employees in accordance with the terms of such programs when such programs have been established by the Company. Information on when these programs will be available and details of these benefit programs will be provided to you under separate cover letter. The Company has not established a health benefit program and you elect not to participate in a medical health plan should one be established. In addition, you will be covered by the Company's Director's and Officer's insurance policy..</FONT>&nbsp;</TD></TR>
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<TD vAlign=top width="18%"><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9. </FONT><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Paid Time Off (PTO</STRONG></FONT><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">):</FONT>&nbsp;</TD>
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<TD width="74%"><FONT size=2>You shall be entitled to three weeks accrued PTO per year which shall accrue on a ratable basis each pay period.&nbsp;</FONT>&nbsp;</TD></TR> </TABLE></DIV></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 180pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT><FONT id=TAB2 style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;<BR></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In accordance with GigaBeam&#146;s standard employment practices, you will be required to sign a mutually agreeable agreement covering Company Information and Inventions, Non Competition and Company policy statements related to Business Conduct and Drugs and Alcohol in the Workplace before beginning employment. </FONT></DIV>
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Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n
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bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></DIV>
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<TD width="25%"><FONT size=2>Caroline Kahl, Esq.&nbsp;</FONT>&nbsp;</TD>
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<P align=right>&nbsp;<FONT size=2>&nbsp;November 17, 2004</FONT></P></TD></TR>
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<P align=right>&nbsp;<FONT size=2> Page 3 of 3</FONT></P></TD></TR>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><BR></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This letter is not to be construed as an employment contract. Your employment will be on an at-will basis, which means that you or the Company can terminate it anytime. Accordingly, this letter does not create a contract of employment, but is only meant to provide you with some detail regarding your employment</FONT></DIV>
<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">I look forward to having you join us, and I am confident that you will be an excellent addition to the GigaBeam team. If you have any questions, please contact me at 617-921-5500.</FONT></DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sincerely, </FONT><FONT id=TAB2 style="COLOR: black; LETTER-SPACING: 207pt">&nbsp; &nbsp;</FONT>&nbsp;</DIV>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GigaBeam Corporation</FONT></DIV>
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<TD width="25%"><FONT size=2>By: <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><U>/s/ Louis Slaughter</U></FONT></FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></TD>
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<TD width="25%"><FONT size=2>Louis Slaughter</FONT>&nbsp;</TD>
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<TD width="25%"><FONT size=2>CEO</FONT>&nbsp;</TD>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">I understand and agree to the terms contained in this letter.</FONT>&nbsp;</DIV></TD>
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<TD width="25%"><FONT size=2>Date:<U> <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November 21, 2004&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></FONT>&nbsp;</TD>
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<TD width="25%"><FONT size=2>Signature: <FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><U>/s/ Caroline Kahl&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></FONT>&nbsp;</TD>
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<DIV style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align=left><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name: </FONT><U><FONT style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Caroline Kahl&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </DIV></TD>
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