September 6, 2001
Vertical Ventures L.L.C.
000 Xxxxxxx Xxxx Xxxxx
Xxxxx 0000
Xxx Xxxx, X.X. 10019
Dear Sirs:
This letter is in reference to the letter dated August 30, 2001
(the "Letter") between Metawave Communications Corporation (the
"Company") and Vertical Ventures L.L.C. ("Purchaser") regarding
the purchase by the Purchaser of shares of Common Stock of the
Company. The parties hereby agree to the following:
1. The purchase price per share shall be $2.81 per share, as
calculated in accordance with paragraph 1 of the Letter.
2. The aggregate amount of shares to be purchased is 533,808 at
a purchase price of $1,500,000.40.
All other terms and conditions of the Letter remain the same.
Delivery of an executed copy of a signature page to this
Agreement by facsimile transmission shall be effective as
delivery of a manually executed copy of this Agreement and shall
be effective and enforceable as the original.
Please execute a copy of this Agreement which, when executed by
the Purchaser, will constitute an agreement between the Company
and the Purchaser.
Very truly yours,
METAWAVE COMMUNICATIONS CORPORATION
By: /s/ Xxxxxxx Xxxxxx-Xxxxx
Name: Xxxxxxx Xxxxxx-Xxxxx
Title: VP, General Counsel & Secretary
AGREED TO:
PURCHASER:
VERTICAL VENTURES L.L.C.
By: /s/ Xxxxxxx X. Xxxx
Name: Xxxxxxx X. Xxxx
Title: General Partner
