EX-10.12H




 Exhibit 10.12H 

Execution Version 
  

 
  

NINTH 
 LOAN AND SECURITY AGREEMENT
SUPPLEMENT 
 among 
 SBA
PROPERTIES, LLC, 
 SBA SITES, LLC, 

SBA STRUCTURES, LLC, 
 SBA
INFRASTRUCTURE, LLC, 
 SBA MONARCH TOWERS III, LLC, 

SBA 2012 TC ASSETS PR, LLC, 
 SBA
2012 TC ASSETS, LLC, 
 SBA TOWERS IV, LLC, 

SBA MONARCH TOWERS I, LLC, 
 SBA
TOWERS USVI, INC., 
 SBA GC TOWERS, LLC, 

SBA TOWERS VII, LLC 
 SBA TOWERS V,
LLC 
 SBA TOWERS VI, LLC 
 as
Closing Date Borrowers, 
 and 

MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, 

as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee 

dated as October 27, 2021 
  

 
  











 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	  

	
	DEFINITIONS AND INCORPORATION BY REFERENCE	  

			
	 Section 1.01
	 	 Definitions
	  	 	2	 
	
	ARTICLE II	  

	
	2021-2C COMPONENT, 2021-3C COMPONENT AND 2021-3R COMPONENT DETAILS	  

			
	 Section 2.01
	 	 2021-2C Component,
2021-3C Component and 2021-3R Component Details
	  	 	4	 
	
	ARTICLE III	  

	
	MORTGAGE LOAN INCREASE	  

			
	 Section 3.01
	 	 Loan Increase
	  	 	5	 
	 Section 3.02
	 	 Use of Proceeds
	  	 	6	 
	
	ARTICLE IV	  

	
	REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE BORROWERS	  

			
	 Section 4.01
	 	 Representations and Warranties
	  	 	7	 
	 Section 4.02
	 	 Amendments to Exhibits and Schedules to the Loan Agreement
	  	 	7	 
	
	ARTICLE V	  

	
	GENERAL PROVISIONS	  

			
	 Section 5.01
	 	 Governing Law
	  	 	7	 
	 Section 5.02
	 	 Severability
	  	 	7	 
	 Section 5.03
	 	 Counterparts
	  	 	8	 
	
	ARTICLE VI	  

	
	APPLICABILITY OF THE LOAN AGREEMENT	  

			
	 Section 6.01
	 	 Applicability
	  	 	8	 

  

  
 -i- 












 NINTH LOAN AND SECURITY AGREEMENT SUPPLEMENT 

NINTH LOAN AND SECURITY AGREEMENT SUPPLEMENT (this “Loan Agreement Supplement”), dated as of October 27, 2021,
and entered into by and among SBA PROPERTIES, LLC, a Delaware limited liability company (“SBA Properties”), SBA SITES, LLC, a Delaware limited liability company (“SBA Sites”), SBA STRUCTURES,
LLC, a Delaware limited liability company (“SBA Structures”), SBA INFRASTRUCTURE, LLC, a Delaware limited liability company (“SBA Infrastructure”), SBA MONARCH TOWERS III, LLC, a Delaware limited
liability company (“SBA Monarch III”), SBA 2012 TC ASSETS PR, LLC, a Delaware limited liability company (“SBA TC PR”), SBA 2012 TC ASSETS, LLC, a Delaware limited liability company
(“SBA TC”), SBA TOWERS IV, LLC, a Delaware limited liability company (“SBA Towers IV”), SBA MONARCH TOWERS I, LLC, a Delaware limited liability company (“SBA Monarch
I”), SBA TOWERS USVI, INC., a U.S. Virgin Islands corporation (“SBA USVI”), SBA GC TOWERS, LLC, a Delaware limited liability company (“SBA GC”), SBA TOWERS VII, LLC, a Delaware
limited liability company (“SBA Towers VII”), SBA TOWERS V, LLC, a Delaware limited liability company (“SBA Towers V”) and SBA TOWERS VI, LLC, a Delaware limited liability company (“SBA Towers
VI” and, collectively with SBA Properties, SBA Sites, SBA Structures, SBA Infrastructure, SBA Monarch III, SBA TC PR, SBA TC, SBA Towers IV, SBA Monarch I, SBA USVI, SBA GC, SBA Towers VII and SBA Towers V, the “Closing Date
Borrowers” and, each individually, a “Closing Date Borrower”), and MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, as servicer (the “Servicer”), on behalf of DEUTSCHE
BANK TRUST COMPANY AMERICAS, as trustee (the “Trustee”) under that certain Amended and Restated Trust and Servicing Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Trust
Agreement”) dated as of October 15, 2014 among SBA DEPOSITOR LLC (the “Depositor”), the Servicer and the Trustee. 

RECITALS 
 WHEREAS,
the Closing Date Borrowers are the Borrowers under a Second Amended and Restated Loan and Security Agreement, dated as of October 15, 2014, as supplemented and amended by the First Loan and Security Agreement Supplement and Amendment, dated as
of October 14, 2015, the Second Loan and Security Agreement Supplement, dated as of July 7, 2016, the Third Loan and Security Agreement Supplement and Amendment, dated as of April 17, 2017, the Fourth Loan and Security Agreement
Supplement, dated as of March 9, 2018, the Fifth Loan and Security Agreement Supplement, dated as of September 13, 2019, the Sixth Loan and Security Agreement Supplement, dated as of July 14, 2020, the Seventh Loan and Security
Agreement Supplement, dated as of May 14, 2021 and the Eighth Loan and Security Agreement Supplement and Amendment, dated as of September 10, 2021 (the “Loan Agreement”), among the Closing Date Borrowers and the Servicer
on behalf of the Trustee; 
 WHEREAS, pursuant to Section 3.2 of the Loan Agreement, the Closing Date Borrowers desire to
effect a Loan Increase in an amount equal to $1,790,000,000 (the “Eighth Mortgage Loan Increase”), in the form of (i) one (1) component in an amount equal to $895,000,000 designated as the
2021-2C Component (the “2021-2C Component”), (ii) one (1) component in an amount equal to $895,000,000 designated as the 2021-3C Component (the “2021-3C Component”), and (iii) one (1) component in an amount equal to $94,300,000 designated as the
2021-3R Component (the “2021-3R Component”), and the Lender has agreed to the Eighth Mortgage Loan Increase and to advance the amount of the Eighth
Mortgage Loan Increase; 

  
 -1- 












 WHEREAS, each of the 2021-2C Component, the 2021-3C Component and the 2021-3R Component constitutes a Component as defined in the Loan Agreement; 

WHEREAS, the Closing Date Borrowers and the Lender intend these recitals to be a material part of this Loan Agreement Supplement; and

 WHEREAS, all things necessary to make this Loan Agreement Supplement the valid and legally binding obligation of the Closing Date
Borrowers in accordance with its terms, for the uses and purposes herein set forth, have been done and performed. 
 NOW, THEREFORE,
it is mutually covenanted and agreed as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. All defined terms used herein and not defined herein shall have the meanings ascribed to such terms in
the Loan Agreement. All words and phrases defined in the Loan Agreement shall have the same meanings in this Loan Agreement Supplement, except as otherwise appears in this Article. In addition, the following terms have the following meanings in this
Loan Agreement Supplement unless the context clearly requires otherwise: 
 “2021-2
Anticipated Repayment Date” shall have the meaning ascribed to it in Section 2.01(a)(iv) hereof. 
 “2021-2C Component” shall have the meaning ascribed to it in the Recitals hereto. 
 “2021-2C Note” shall have the meaning ascribed to it in Section 3.01(b) hereof. 
 “2021-2C Securities” shall mean the Series 2021-2C securities issued by the SBA Tower Trust pursuant to the Trust Agreement corresponding to the 2021-2C Component. 
 “2021-3 Anticipated Repayment
Date” shall have the meaning ascribed to it in Section 2.01(a)(iv) hereof. 

“2021-3C Component” shall have the meaning ascribed to it in the Recitals hereto.

 “2021-3C Note” shall have the meaning ascribed to it in Section 3.01(b)
hereof. 
 “2021-3C Securities” shall mean the Series 2021-3C securities issued by the SBA Tower Trust pursuant to the Trust Agreement corresponding to the 2021-3C Component. 

  
 -2- 












 “2021-3R Component” shall have the
meaning ascribed to it in the Recitals hereto. 
 “2021-3R Note” shall have the
meaning ascribed to it in Section 3.01(b) hereof. 
 “2021-3R Securities”
shall mean the Series 2021-3R securities issued by the SBA Tower Trust pursuant to the Trust Agreement corresponding to the 2021-3R Component. 

“Additional Closing Date” shall mean October 27, 2021. 

“Anticipated Repayment Date” shall have the meaning ascribed to it in Section 2.01(a)(iv) hereof. 

“Component Rate” shall mean, for each of the 2021-2C Component, the 2021-3C Component and the 2021-3R Component, the applicable rate per annum set forth in respect of such Component in Section 2.01(a)(i) hereof. 

“Eighth Mortgage Loan Increase” shall have the meaning ascribed to it in the Recitals hereto. 

“Loan Agreement” shall have the meaning ascribed to it in the Recitals hereto. 

“Maturity Date” shall mean the date set forth in Section 2.01(a)(iii) hereof. 

“Mortgage File” shall have the meaning ascribed to it in the Trust Agreement. 

“Post-ARD Additional Interest Rate” shall have the meaning ascribed to it in
Section 2.01(a)(ii) hereof. 
 “Yield Maintenance” shall have the meaning ascribed to it in Section 2.01(a)(iv)
hereof. 
 Words importing the masculine gender include the feminine gender. Words importing persons include firms, associations and
corporations. Words importing the singular number include the plural number and vice versa. Additional terms are defined in the body of this Loan Agreement Supplement. 

In the event that any term or provision contained herein with respect to the 2021-2C Component, the 2021-3C Component or the 2021-3R Component shall conflict with or be inconsistent with any term or provision contained in the Loan Agreement, the terms and provisions of this
Loan Agreement Supplement shall govern. 

  
 -3- 












 ARTICLE II 

2021-2C COMPONENT, 2021-3C COMPONENT AND 2021-3R COMPONENT DETAILS 
 Section 2.01 2021-2C
Component, 2021-3C Component and 2021-3R Component Details. (a) Except as otherwise set forth below, each of the 2021-2C
Component, the 2021-3C Component and the 2021-3R Component authenticated and delivered under this Loan Agreement Supplement shall consist of one (1) Component
having: 
 (i) The designation, the initial Component Principal Balance and the Component Rate set forth below. 

 

									
	 Component
	  	Initial Component
Principal Balance	 	  	Component
Rate	 
	 2021-2C Component
	  	$	895,000,000	 	  	 	1.840	% 
	 2021-3C Component
	  	$	895,000,000	 	  	 	2.593	% 
	 2021-3R Component
	  	$	94,300,000	 	  	 	4.090	% 

 (ii) With respect to the 2021-2C Component and the 2021-3C Component only, Post-ARD Additional Interest Rate determined by the Servicer to be the greater of (i) five percent (5%) and (ii) the amount, if any, by which
the sum of the following exceeds the Component Rate for such Component: (x) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry Association) on the
Anticipated Repayment Date with respect to such Component, of the United States Treasury Security having a term closest to ten (10) years, plus (y) five percent (5%), plus (z) the “Spread” set forth below in the appropriate
row corresponding to such Component. No Post-ARD Additional Interest will accrue with respect to the 2021-3R Component. 

 

					
	 Component
	  	Spread	 
	 2021-2C
	  	 	0.80	% 
	 2021-3C
	  	 	1.00	% 

 (iii) (x) With respect to the 2021-2C Component, a
Maturity Date which is the Due Date occurring in October 2051 and (y) with respect to the 2021-3C Component and 2021-3R Component, a Maturity Date which is the Due
Date occurring in October 2056, in each case or such earlier date on which the final payment of principal of the Notes becomes due and payable as provided in the Loan Agreement, whether at such Maturity Date, by acceleration, or otherwise. 

(iv) With respect to the 2021-2C Component and
2021-3C Component only, Yield Maintenance in an amount equal to the excess, if any, of (i) the present value as of the date of prepayment (by acceleration or otherwise) of all future installments of
principal and interest that the Closing Date Borrowers would otherwise be required to pay on such Component (or portion thereof) on the related Due Date from the date of such prepayment 

  
 -4- 












 
to and including the first Due Date that occurs less than twelve months prior to the Anticipated Repayment Date for such Component absent such prepayment, assuming the entire unpaid Principal
Amount of such Component is required to be paid on such Due Date, with such present value determined by the use of a discount rate equal to the sum of (x) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to
the standards and practices of the Securities Industry Association), on the Due Date relating to the date of such prepayment, of the United States Treasury Security having the maturity closest to the Distribution Date that occurs (a) with
respect to the 2021-2C Component, twelve months prior to the Assumed Final Distribution Date related to the Due Date in April 2027 (such date with respect to the 2021-2C
Component, the “2021-2 Anticipated Repayment Date”) and (b) with respect to the 2021-3C Component, eighteen months prior to the Assumed Final
Distribution Date related to the Due Date in October 2031 (such date with respect to each of the 2021-3C Component and the 2021-3R Component, the “2021-3 Anticipated Repayment Date”); each of the 2021-2 Anticipated Repayment Date and the 2021-3 Anticipated Repayment Date,
an “Anticipated Repayment Date”) plus (y) 0.50% over (ii) the Component Principal Balance of such Component (or portion thereof) on the date of such prepayment. No Yield Maintenance is payable in connection with any
prepayment of the 2021-2C Component or 2021-3C Component that occurs less than twelve months or eighteen months, as applicable, prior to the applicable Anticipated
Repayment Date for such Component. No Yield Maintenance is payable in connection with any repayment of the 2021-3R Component at any time. 

(v) Interest shall accrue on each of the (i) 2021-2C Component and the corresponding 2021-2C Note, (ii) 2021-3C Component and the corresponding 2021-3C Note, and (iii) 2021-3R
Component and the corresponding 2021-3R Note, from and including the Additional Closing Date. 
 (b)
There are no scheduled principal payments in respect of any of the 2021-2C Component, the 2021-3C Component or the 2021-3R
Component , and the Closing Date Borrowers shall not be required to pay any principal of the 2021-2C Component, the 2021-3C Component or the 2021-3R Component prior to the applicable Anticipated Repayment Date, other than after the occurrence and during the continuation of an Amortization Period or an Event of Default as provided in the Loan Agreement or
as otherwise required under the terms of the Loan Documents. 
 ARTICLE III 

MORTGAGE LOAN INCREASE 

Section 3.01 Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Closing Date Borrowers
agree to the Eighth Mortgage Loan Increase corresponding to the 2021-2C Component, the 2021-3C Component and the 2021-3R
Component. 
 (b) On the Additional Closing Date, each Closing Date Borrower shall execute and deliver to the Trustee (i) a promissory
note payable to the order of the Trustee evidencing the 2021-2C Component, in the initial principal amount equal to $895,000,000 (the “2021-2C
Note”), (ii) a promissory note payable to the order of the Trustee evidencing the 2021-3C Component, in 

  
 -5- 












 
the initial principal amount equal to $895,000,000 (the “2021-3C Note”) and (iii) a promissory note payable to the order of the
Trustee evidencing the 2021-3R Component, in the initial principal amount equal to $94,300,000 (the “2021-3R Note”). Each of the 2021-2C Note, the 2021-3C Note and the 2021-3R Note shall bear interest on the unpaid principal amount thereof at the applicable
Component Rate set forth in respect of such Component in Section 2.01(a)(i) hereof and mature on the Maturity Date set forth in Section 2.01(a)(iii) hereof. 

(c) The Closing Date Borrowers hereby agree that they will deliver to and deposit with, or cause to be delivered to and deposited with, the
Servicer, on or before the Additional Closing Date (or, if any of the following items are not in the actual possession of the Closing Date Borrowers, as soon as reasonably practical, but in any event within 90 days after the Additional Closing
Date): (i) the documents with respect to the Eighth Mortgage Loan Increase required for the Mortgage File (other than the 2021-2C Note, the 2021-3C Note and the 2021-3R Note referred to in Section 3.01(b) hereof) and (ii) originals or copies of all other documents, certificates and opinions in the possession or under the control of the Closing Date Borrowers with
respect to the Eighth Mortgage Loan Increase that are necessary for the ongoing servicing and administration of the Loan. 
 (d) The Closing
Date Borrowers hereby represent and warrant to the Lender that each condition of Section 3.2 of the Loan Agreement in respect of the Eighth Mortgage Loan Increase has been satisfied, as of the Additional Closing Date, including the delivery to:

 (i) the Servicer of an opinion of counsel satisfying the requirements of Section 3.2(A)(vi) of the Loan Agreement;

 (ii) the Trustee of the list required to be delivered pursuant to Section 3.2(A)(x) of the Loan Agreement of the
Mortgaged Sites encumbered by Deeds of Trust being amended in connection with the Eighth Mortgage Loan Increase, identified by Site number, together with such other information with respect to such Mortgaged Sites as shall have been reasonably
requested by the Trustee; and 
 (iii) the Servicer of an Officer’s Certificate dated as of the Additional Closing Date
to the effect set forth in Section 3.2(B) of the Loan Agreement. 
 (e) The parties hereto agree that the Additional Closing Date is an
Allocated Loan Amount Determination Date, pursuant to Section 11.8 of the Loan Agreement, and the Servicer has determined the Allocated Loan Amounts for each Site after giving effect to the Eighth Mortgage Loan Increase, as described herein,
based on information provided to it by the Manager, and until any subsequent Allocated Loan Amount Determination Date, such Allocated Loan Amounts shall be as set forth on Exhibit A hereto. 

Section 3.02 Use of Proceeds. The proceeds from the sale of the 2021-2C Securities, the 2021-3C Securities and the 2021-3R Securities shall be used to fund the Eighth Mortgage Loan Increase and the proceeds of the Eighth Mortgage Loan Increase shall be used to
(i) if not already repaid, to prepay the 2013-2C Component, including accrued and unpaid interest thereon, (ii) pay all recording fees and taxes, reasonable out of pocket costs and expenses incurred
by the Lender, including reasonable legal fees and expenses of counsel to the Lender, and other costs and expenses approved by the Lender (which approval will not be unreasonably withheld or delayed) related to the
2021-2C Component, the 2021-3C Component and the 2021-3R Component; (iii) pay all fees and expenses incurred by the Closing
Date Borrowers; and (iv) make a cash distribution to the Guarantor. 

  
 -6- 












 ARTICLE IV 

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE BORROWERS 

Section 4.01 Representations and Warranties. (a) Each Closing Date Borrower hereby represents and warrants to the Lender
that, as to itself and its Sites, each of the representations and warranties set forth in Article IV of the Loan Agreement is true as of the Additional Closing Date. 

(b) Each of the Closing Date Borrowers hereby represents and warrants to the Lender that each condition of Section 3.2 of the Loan
Agreement and Section 3.25 of the Trust Agreement have been satisfied as of the Additional Closing Date. 
 Section 4.02
Amendments to Exhibits and Schedules to the Loan Agreement. 
 (a) The parties hereto agree that Exhibits B, C and
D of the Loan Agreement are hereby deleted in their entirety and replaced by Exhibits B, C and D hereto. 

(b) The parties hereto agree that Schedules 4.25, 4.26 and 4.27 of the Loan Agreement are hereby
deleted in their entirety and replaced by Schedules 4.25, 4.26 and 4.27, respectively, hereto. 

ARTICLE V 
 GENERAL
PROVISIONS 
 Section 5.01 Governing Law. THIS LOAN AGREEMENT SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. THE CLOSING DATE BORROWERS IRREVOCABLY SUBMIT TO THE JURISDICTION OF ANY NEW YORK STATE COURT OR UNITED STATES FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK IN RESPECT
OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR IN RELATION TO THE LOAN AGREEMENT, THIS LOAN AGREEMENT SUPPLEMENT OR THE OTHER LOAN DOCUMENTS. 

Section 5.02 Severability. In case any provision in this Loan Agreement Supplement shall be invalid, illegal or unenforceable, the
validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 -7- 












 Section 5.03 Counterparts. This Loan Agreement Supplement may be executed in any
number of counterparts, each of which so executed shall be deemed to be an original, but all such respective counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Loan
Agreement Supplement in Portable Document Format (PDF) or by facsimile transmission shall be as effective as delivery of a manually executed original counterpart of this Loan Agreement Supplement. The parties agree that this Loan Agreement
Supplement or any amendment hereto or any other document necessary for the consummation of the transaction contemplated by this Loan Agreement Supplement may be accepted, executed or agreed to through the use of an electronic signature in accordance
with the Electronic Signatures in Global and National Commerce Act, Title 15, United States Code, Sections 7001 et seq., the Uniform Electronic Transaction Act and any applicable state law. Electronic signature shall mean any electronic symbol or
process attached to, or associated with, a contract or other record and adopted by a person with the in-tent to sign, authenticate or accept such contract or record and shall be the same as handwritten
signatures for the purposes of validity, enforceability and admissibility. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Loan Agreement Supplement or
any document to be signed in connection with this Loan Agreement Supplement shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form. 

ARTICLE VI 

APPLICABILITY OF THE LOAN AGREEMENT 

Section 6.01 Applicability. The provisions of the Loan Agreement are hereby ratified, approved and confirmed, as supplemented and
amended by this Loan Agreement Supplement. The representations, warranties and covenants contained in the Loan Agreement (except as expressly modified herein) are hereby reaffirmed with the same force and effect as if fully set forth herein and made
again as of the Additional Closing Date. 
 [SIGNATURE PAGE FOLLOWS] 

  
 -8- 












 IN WITNESS WHEREOF, the Closing Date Borrowers and the Servicer on behalf of the Trustee
have caused this Loan Agreement Supplement to be duly executed by their respective officers, thereunto duly authorized, all as of the day and year first above written. 
  

											
	SBA PROPERTIES, LLC, as Closing Date Borrower	  	SBA SITES, LLC, as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel
		
	SBA STRUCTURES, LLC, as Closing Date Borrower	  	SBA INFRASTRUCTURE, LLC, as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel
		
	SBA MONARCH TOWERS III, LLC, as Closing Date Borrower	  	SBA 2012 TC ASSETS PR, LLC, as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel
		
	SBA 2012 TC ASSETS, LLC, as Closing Date Borrower	  	SBA TOWERS IV, LLC, as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel

 Signature Page for Ninth Loan Supplement 












											
	SBA MONARCH TOWERS I, LLC, as Closing Date Borrower	  	SBA TOWERS USVI, INC., as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel
		
	SBA GC TOWERS, LLC, as Closing Date Borrower	  	SBA TOWERS VII, LLC, as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel
		
	SBA TOWERS V, LLC, as Closing Date Borrower	  	SBA TOWERS VI, LLC, as Closing Date Borrower
				
	By:	 	 /s/ Thomas P. Hunt
	  	By:	  	 /s/ Thomas P. Hunt

		 	Name:	  	Thomas P. Hunt	  		  	Name:	  	Thomas P. Hunt
		 	Title:	  	Executive Vice President and General Counsel	  		  	Title:	  	Executive Vice President and General Counsel

 Signature Page for Ninth Loan Supplement 












					
	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, as Servicer
		
	By:	 	 /s/ David A. Eckels

		 	Name:	 	David A. Eckels
		 	Title:	 	Senior Vice President

 Signature Page for Ninth Loan Supplement