EXHIBIT 10.15
July 13, 2004
Ameristock Corp.
0000 Xxxxxx Xxx Xxxxxxx - Xxxxx 000
Xxxxxxx, Xxxxxxxxxx 00000
Attention: Xx. Xxxx Xxxxxx
Director and Portfolio Manager
Re: GigaBeam Corporation
Dear Xx. Xxxxxx:
This letter confirms the understanding of GigaBeam Corporation
("GigaBeam") and Ameristock Corp. ("Ameristock") with respect to the following
warrants (the "Warrants") issued by GigaBeam to Ameristock. All share number
referred to below refer to the initial number of shares of common stock of
GigaBeam ("Shares") issuable upon exercise of the Warrants, prior to the May 7,
2004 1-1,500 stock split of GigaBeam's common stock
Warrant No. 1 to purchase 26.67 Shares issued on January 26, 2004;
Warrant No. 2 to purchase 24 Shares issued on April 19, 2004;
Warrant No. 3 to purchase 5.33 Shares issued on May 10, 2004;
Warrant No. 4 to purchase 5.33 Shares issued on June 10, 2004; and
Warrant No. 5 to purchase 5.33 Shares issued on July 10, 2004.
Each Warrant is amended to provide that Section 8.3 shall only apply if
the adjustment increases the number of Shares issuable upon exercise of the
Warrant and, in no event, shall the number of Shares issuable upon exercise of
the Warrant be decreased as a result of the application of Section 8.3 thereof.
Ameristock Corp.
Page 2
July 13, 2004
If you are in agreement with the foregoing, please execute a copy of
this letter and return it to GigaBeam.
Very truly yours,
GIGABEAM CORPORATION
By: /s/ Xxxxx Xxxxxxxxx
---------------------------
Xxxxx Xxxxxxxxx
Chief Executive Officer
ACKNOWLEDGED AND AGREED
On this 13th day of July 2004
AMERISTOCK CORP.
By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Director and Portfolio Manager
