EX-10.2



 Exhibit 10.2 
 [Execution Version] 
  

 
  

FIRST AMENDED AND RESTATED MANAGEMENT AGREEMENT 
 between 
 AMERICAN TOWER ASSET SUB, LLC 

AMERICAN TOWER ASSET SUB II, LLC 
 and any Additional Owner that may become a party hereto 
 as Owners, 

and 

SPECTRASITE COMMUNICATIONS, LLC 
 as Manager 
 Dated as of March 15, 2013 

 
  

 







 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	SECTION 1.	 	 DEFINITIONS
	  	 	1	 
	SECTION 2.	 	 APPOINTMENT
	  	 	4	 
	SECTION 3.	 	 SITE MANAGEMENT SERVICES
	  	 	4	 
	SECTION 4.	 	 ADMINISTRATIVE SERVICES
	  	 	6	 
	SECTION 5.	 	 OPERATION STANDARDS
	  	 	7	 
	SECTION 6.	 	 AUTHORITY OF MANAGER
	  	 	7	 
	SECTION 7.	 	 OPERATING ACCOUNT; RECEIPTS
	  	 	8	 
	SECTION 8.	 	 BUDGETS
	  	 	9	 
	SECTION 9.	 	 OPERATING EXPENSES AND CAPITAL EXPENDITURES
	  	 	9	 
	SECTION 10.	 	 COMPENSATION
	  	 	10	 
	SECTION 11.	 	 EMPLOYEES
	  	 	11	 
	SECTION 12.	 	 BOOKS, RECORDS AND INSPECTIONS
	  	 	11	 
	SECTION 13.	 	 INSURANCE REQUIREMENTS
	  	 	11	 
	SECTION 14.	 	 ENVIRONMENTAL
	  	 	12	 
	SECTION 15.	 	 COOPERATION
	  	 	12	 
	SECTION 16.	 	 REPRESENTATIONS AND WARRANTIES OF MANAGER
	  	 	13	 
	SECTION 17.	 	 REPRESENTATIONS AND WARRANTIES OF OWNERS
	  	 	14	 
	SECTION 18.	 	 REMOVAL, SUBSTITUTION OR ACQUISITION OF SITES
	  	 	15	 
	SECTION 19.	 	 TERM OF AGREEMENT
	  	 	15	 
	SECTION 20.	 	 DUTIES UPON TERMINATION
	  	 	17	 
	SECTION 21.	 	 INDEMNITIES
	  	 	17	 
	SECTION 22.	 	 MISCELLANEOUS
	  	 	18	 

 LIST OF SCHEDULES AND EXHIBITS 

 

			
	Schedule I	  	List of Sites
	Exhibit A	  	Initial Budget
	Exhibit B	  	Form of Manager Report


  
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 FIRST AMENDED AND RESTATED MANAGEMENT AGREEMENT 

THIS FIRST AMENDED AND RESTATED MANAGEMENT AGREEMENT is entered into as of March 15, 2013 (the “Effective
Date”) by and among American Tower Asset Sub, LLC, American Tower Asset Sub II, LLC (each individually, and collectively with any Additional Owner that executes the signature page hereto, the “Owners”), and
SpectraSite Communications, LLC, a Delaware limited liability company (the “Manager”), amends and restates the Management Agreement, dated as of May 4, 2007, among the Owners and the Manager. 

SECTION 1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Additional Owner” means any Additional Borrower under the Loan Agreement that becomes a party hereto. 

“Additional Site” has the meaning specified in the Loan Agreement. 

“Additional Borrower” has the meaning specified in the Loan Agreement. 

“Additional Borrower Site” has the meaning specified in the Loan Agreement. 

“Administrative Services” has the meaning specified in Section 4. 

“Affiliate” has the meaning specified in the Loan Agreement. 

“Agreement” means this First Amended and Restated Management Agreement together with all amendments hereof and
supplements hereto. 
 “AT&T Site Purchase Options” means the Owners’ options to purchase the AT&T
Sites from time to time, as set forth in, and subject to the terms and conditions of, the AT&T Sublease. 

“AT&T Sites” means Sites subleased by the Owners from AT&T pursuant to the AT&T Sublease. 

“AT&T Sublease” means the lease and sublease agreement, as amended, dated December 14, 2000, by and among
predecessors in interest to the Borrowers and AT&T and as further amended on September 30, 2008. 

“Budget” means the Operating Budget or the CapEx Budget. 

“Business Day” has the meaning specified in the Loan Agreement. 

“CapEx Budget” has the meaning specified in the Loan Agreement. 

“Capital Expenditures” has the meaning specified in the Loan Agreement. 







 “Central Account” has the meaning specified in the Loan Agreement.

 “Debt Service Coverage Ratio” or “DSCR” has the meaning specified in the Loan Agreement.

 “Deposit Account” has the meaning specified in the Loan Agreement. 

“Depositor” means American Tower Depositor Sub, LLC, a Delaware limited liability company. 

“Due Date” has the meaning specified in the Loan Agreement. 

“Effective Date” has the meaning specified in the first paragraph of this Agreement, subject to any modification thereto
specified in Section 10. 
 “Environmental Laws” has the meaning specified in the Loan Agreement.

 “ERISA” has the meaning specified in the Loan Agreement. 

“Expiration Date” means April 15, 2013 as such date may be extended from time to time pursuant to
Section 19. 
 “Extension Notice” has the meaning specified in Section 19.

 “Extraordinary Expenses” has the meaning specified in the Loan Agreement. 

“FAA” means the Federal Aviation Administration. 

“FCC” means the Federal Communications Commission. 

“Guarantor” has the meaning specified in the Loan Agreement. 

“Ground Lease” has the meaning specified in the Loan Agreement. 

“Hazardous Materials” has the meaning specified in the Loan Agreement. 

“Impositions” has the meaning specified in the Loan Agreement. 

“Impositions and Insurance Reserve Account” has the meaning specified in the Loan Agreement. 

“Insurance Policies” has the meaning specified in the Loan Agreement. 

“Insurance Premiums” has the meaning specified in the Loan Agreement. 

“Lease” has the meaning specified in the Loan Agreement. 

“Lender” has the meaning specified in the Loan Agreement and shall be the Servicer for all purposes of this Agreement.


  
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 “Loan Agreement” means the First Amended and Restated Loan and Security
Agreement dated as of the date hereof among American Tower Asset Sub, LLC, American Tower Asset Sub II, LLC, the Additional Borrower or Borrowers that may become a party thereto and the Trustee. 

“Loan Documents” has the meaning specified in the Loan Agreement. 

“Managed Site” has the meaning specified in the Loan Agreement. 

“Management Fee” has the meaning specified in Section 10. 

“Manager” has the meaning specified in the first paragraph of this Agreement. 

“Manager Report” has the meaning specified in Section 3(e). 

“Material Adverse Effect” has the meaning specified in the Loan Agreement. 

“Operating Account” has the meaning specified in Section 7(a). 

“Operating Budget” has the meaning specified in the Loan Agreement. 

“Operating Expenses” has the meaning specified in the Loan Agreement. 

“Operating Revenues” has the meaning specified in the Loan Agreement. 

“Operation Standards” means the standards for the performance of the Services set forth in Section 5.

 “Other Management Agreements” means any other agreement to administer Services to any other party.

 “Owner Representative” has the meaning specified in Section 22(i). 

“Owners” has the meaning specified in the first paragraph of this Agreement. 

“Parent Guarantor” has the meaning specified in the Loan Agreement. 

“Permitted Investments” has the meaning specified in the Loan Agreement. 

“Person” has the meaning specified in the Loan Agreement. 

“Rating Agency” has the meaning specified in the Loan Agreement. 

“Rating Agency Confirmation” has the meaning specified in the Trust and Servicing Agreement. 

“Receipts” has the meaning specified in the Loan Agreement. 

“Records” has the meaning specified in Section 12. 

  
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 “Servicer” has the meaning specified in the Trust and Servicing Agreement.

 “Services” means, collectively, the Site Management Services and the Administrative Services. 

“Site Management Agreement” has the meaning specified in the Loan Agreement. 

“Site Management Services” has the meaning specified in Section 3. 

“Sites” has the meaning specified in the Loan Agreement. 

“Tenant” means a tenant or licensee under a Lease, including any ground lessee under a Lease where an Owner is the
ground lessor. 
 “Term” has the meaning specified in Section 19. 

“Trust and Servicing Agreement” means the First Amended and Restated Trust and Servicing Agreement dated as of
the date hereof, among the Trustee, the Depositor and the Servicer. 
 “Trustee” means U.S. Bank National
Association, not individually but solely in its capacity as trustee under the Trust and Servicing Agreement, and any successor thereto in such capacity. 
 References to “Articles”, “Sections”, “Subsections”, “Exhibits” and “Schedules” shall be to Articles, Sections,
Subsections, Exhibits and Schedules, respectively, of this Agreement unless otherwise specifically provided. Any of the terms defined in this Section 1 may, unless the context otherwise requires, be used in the singular or the plural
depending on the reference. In this Agreement, “hereof”, “herein”, “hereto”, “hereunder” and the like mean and refer to this Agreement as a whole and not merely to the specific
article, section, subsection, paragraph or clause in which the respective word appears; words importing any gender include the other genders; references to “writing” include printing, typing, lithography and other means of
reproducing words in a tangible visible form; the words “including”, “includes” and “include” shall be deemed to be followed by the words “without limitation”; and any reference to any
statute or regulation may include any amendments of same and any successor statutes and regulations. Further, (i) any reference to any agreement or other document may include subsequent amendments, assignments, and other modifications thereto,
and (ii) any reference to any Person may include such Person’s respective permitted successors and assigns or, in the case of governmental Persons, Persons succeeding to the relevant functions of such Persons. 

SECTION 2. Appointment. On the terms and conditions set forth herein, each Owner hereby engages the Manager to perform the
Services described herein. The Manager hereby accepts such engagement. The Manager is an independent contractor, and nothing in this Agreement or in the relationship of any Owner and the Manager shall constitute a partnership, joint venture or any
other similar relationship. 
 SECTION 3. Site Management Services. During the Term of this Agreement, the Manager shall,
subject to the terms hereof and the applicable terms of the Loan Documents, 

  
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perform those functions reasonably necessary to maintain, market, operate, manage and administer the Sites, including any Additional Sites or Additional Borrower Sites, all in accordance with the
Operation Standards (collectively, the “Site Management Services”). Without limiting the generality of the foregoing, the Manager will have the following specific duties in relation to the Sites: 

(a) Marketing/Leasing of Sites. The Manager shall use commercially reasonable efforts to market and procure Leases with third
party customers for the Sites, including locating potential Tenants, negotiating Leases with such Tenants and executing and/or brokering Leases as agent for the Owners. The Manager shall have complete authority to negotiate all of the terms of each
Lease, both economic and non-economic, as well as complete authority to negotiate and execute amendments and other modifications thereto in the name of or on behalf of an Owner; provided, however, that the terms of any Lease or
amendment or modification thereof shall be on commercially reasonable terms and in accordance with the Operation Standards and prudent business judgment. 
 (b) Site Operations. The Manager shall monitor and manage each Owner’s property rights associated with the Sites, make periodic inspections of the Sites for needed repairs, arrange for all
such repairs, alterations or improvements determined by the Manager to be necessary or appropriate, and otherwise provide for the maintenance of the Sites, including using commercially reasonable efforts to ensure that Tenants install their
equipment in accordance with the terms of the relevant Lease and that all Sites are maintained in compliance in all material respects with all applicable FAA and FCC regulations, the terms of any applicable Ground Lease and any other applicable
laws, rules and regulations. The Manager shall arrange for all utilities, services, equipment and supplies necessary for the management, operation, maintenance and servicing of the Sites in accordance with the terms and conditions of the Leases, the
Site Management Agreements and applicable law, including the payment of real and personal property taxes, impositions, Ground Lease payments and other amounts payable with respect to each site in accordance with Section 9(b). The Manager
shall perform on behalf of each Owner any obligation reasonably required of such Owner pursuant to any utility contract, Site Management Agreement, agency agreement, or other agreement related to the Sites (other than the payment of amounts due from
the Owners thereunder, which payments shall be paid out of the Operating Account as provided herein). 
 (c) Administration
of Leases. The Manager shall, on behalf of the Owners (i) maintain a database of the Leases indicating, for each Lease, the amount of all payments due and allocable to the Owners from the Tenant thereunder and the dates on which such
payments are due, (ii) invoice all site license fees and other amounts due and allocable to the Owners under the Leases, Site Management Agreements, and otherwise with respect to the Sites and use commercially reasonable efforts to collect all
such site license fees and such other amounts due and payable to the Owners, (iii) perform all services required to be performed by the Owners under the terms of the Leases and the Site Management Agreements, (iv) exercise (or refraining
from the exercise of) the AT&T Site Purchase Options based solely on the best interests of the Borrowers (with the goal of maximizing the Borrowers’ net cash flow) and (v) otherwise use commercially reasonable efforts to ensure
compliance on the part of the Tenants and the Owners with the terms of each Lease and Site Management Agreement, all in accordance with the Operation Standards. Each Owner hereby authorizes the Manager to take any action the


  
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Manager deems to be necessary or appropriate to enforce the terms of each Lease and Site Management Agreement in accordance with the Operation Standards, including, but not limited to, the right
to exercise (or not to exercise) any right such Owner may have to collect site license fees and other amounts due under the Leases (whether through judicial proceedings or otherwise), to terminate any Lease and/or to evict any Tenant. The Manager
shall also have the right, in accordance with the Operation Standards, to compromise, settle, and otherwise resolve claims and disputes with regard to Leases and Site Management Agreements. The Manager may agree to any modification, waiver or
amendment of any term of, forgive any payment on, and permit the release of any Tenant on, any Lease pertaining to the Sites as it may determine to be necessary or appropriate in accordance with the Operation Standards. 

(d) Compliance with Law, etc. The Manager will take such actions within its reasonable control as may be necessary to comply in
all material respects with any and all laws, ordinances, orders, rules, regulations, requirements, permits, licenses, certificates of occupancy, statutes and deed restrictions applicable to the Sites. Without limiting the generality of the
foregoing, the Manager shall use commercially reasonable efforts to apply for, obtain and maintain, in the name of the respective Owner, or, if required, in the name of the Manager, the licenses and permits reasonably required for the operation of
the Sites as telecommunications sites, or for the management, marketing and operation of the Sites (including such licenses required to be obtained from the FAA and the FCC). The cost of complying with this paragraph shall be the responsibility of
the Owners, shall be considered an Operating Expense, shall be included in the Operating Budget and will be payable out of the Operating Account. 
 (e) On the day that is three (3) Business Days prior to each Due Date, the Manager will furnish to the Owner Representative, the Servicer and each Rating Agency a report (the “Manager
Report”) in substantially the form attached as Exhibit B with respect to the periods specified therein. In addition, the Manager will, from time to time upon request, furnish to each Rating Agency such additional information
pertaining to the Sites as such Rating Agency may reasonably request; provided that Manager agrees, for the avoidance of doubt, that a request from the Rating Agencies that the transaction data tape be refreshed and made available to the
Rating Agencies on an annual basis shall constitute a reasonable request. 
 SECTION 4. Administrative Services. During
the Term of this Agreement, the Manager shall, subject to the terms hereof, provide to each Owner the following administrative services in accordance with the Operation Standards (collectively, the “Administrative Services”):

 (i) provide to the Owners clerical, bookkeeping and accounting services, including maintenance of general
records of the Owners and the preparation of monthly financial statements, as necessary or appropriate in light of the nature of the Owners’ business and the requirements of the Loan Documents; 

(ii) maintain accurate books of account and records of the transactions of each Owner, render statements or copies thereof
from time to time as reasonably requested by such Owner and assist in all audits of such Owner; 

  
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 (iii) prepare and file, or cause to be prepared and filed, all franchise,
withholding, income and other tax returns of such Owner required to be filed by it and arrange for any taxes owing by such Owner to be paid to the appropriate authorities out of funds of such Owner available for such purpose, all on a timely basis
and in accordance with applicable law; 
 (iv) administer such Owner’s performance under the Loan Documents,
including (A) preparing and delivering on behalf of such Owner such opinions of counsel, officers’ certificates, financial statements, reports, notices and other documents as are required under such Loan Documents and (B) holding,
maintaining and preserving such Loan Documents and books and records relating to such Loan Documents and the transactions contemplated or funded thereby, and making such books and records available for inspection in accordance with the terms of such
Loan Documents; 
 (v) take all actions on behalf of such Owner as may be necessary or appropriate in order for
such Owner to remain duly organized and qualified to carry out its business under applicable law, including making all necessary or appropriate filings with federal, state and local authorities under corporate and other applicable statutes; and

 (vi) manage all litigation instituted by or against such Owner, including retaining on behalf of and for the
account of such Owner legal counsel to perform such services as may be necessary or appropriate in connection therewith and negotiating any settlements to be entered into in connection therewith. 

SECTION 5. Operation Standards. The Manager shall perform the Services in accordance with and subject to the terms of the Loan
Documents, the Leases, the Site Management Agreements, the Ground Leases and applicable law and, to the extent consistent with the foregoing, (i) using the same degree of care, skill, prudence and diligence that the Owners (or any of its
Affiliates, including the Manager, if applicable) employed in the management of their Sites and operations prior to the date hereof and that the Manager uses for other sites it manages and (ii) with the objective of maximizing revenue and
minimizing expenses on the Sites. The Site Management Services and the Administrative Services shall be of a scope and quality not less than those generally performed by first class, professional managers of properties similar in type and quality to
the Sites and located in the same market areas as the Sites. The Manager hereby acknowledges that it has received copies of the Loan Documents and agrees to use its best efforts not to take any action that would cause the Owners to be in default
thereunder. 
 SECTION 6. Authority of Manager. During the Term hereof, the parties recognize that Manager will be acting
as the exclusive agent of the Owners with regard to the Services described herein. Each Owner hereby grants to the Manager the exclusive right and authority, and hereby appoints the Manager as its true and lawful attorney-in-fact, with full
authority in the place and stead of such Owner and in the name of such Owner, to negotiate, execute, implement or terminate, as circumstances dictate, for and on behalf of such Owner, any and all Leases, Ground Leases, Site Management Agreements,
contracts, permits, licenses, registrations, approvals, amendments and other instruments, documents, and agreements as the Manager deems necessary or advisable in accordance with the Operation Standards. In addition,


  
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the Manager will have full discretion in determining whether to commence litigation on behalf of an Owner, and will have full authority to act on behalf of each Owner in any litigation
proceedings or settlement discussions commenced by or against any Owner. Each Owner shall promptly execute such other or further documents as the Manager may from time to time reasonably request to more completely effect or evidence the authority of
the Manager hereunder, including the delivery of such powers of attorney (or other similar authorizations) as the Manager may reasonably request to enable it to carry out the Services hereunder. Notwithstanding anything herein to the contrary, the
Manager shall not have the right or power, and in no event shall it have any obligation, to institute, or to join any other Person in instituting, or to authorize a trustee or other Person acting on its behalf or on behalf of others to institute,
any bankruptcy, reorganization, arrangement, insolvency, liquidation or receivership proceedings under the laws of the United States of America or any state thereof with respect to any Owner. 

SECTION 7. Operating Account; Receipts. 
 (a) Operating Account. On or prior to the Effective Date, the Manager shall establish, and at all times during the Term of this Agreement shall maintain, one or more operating bank accounts in the
name of an Owner and/or on behalf of one or more Owners (such account or accounts being the “Operating Account”). The Owners shall deposit funds into the Operating Account for the payment of Capital Expenditures and Operating
Expenses (other than Impositions and Insurance Premiums, if any, that are paid directly by the Servicer out of the Impositions and Insurance Reserve Account of the Central Account pursuant to the Loan Documents) in accordance with the amounts and
timing set forth in the Budgets. At all times during the Term of this Agreement the Manager shall have full access to the Operating Account for the purposes set forth herein, and all checks or disbursements from the Operating Account will require
only the signature of a duly authorized representative of the Manager. Funds may be withdrawn by Manager from the Operating Account only (i) to pay Operating Expenses, Capital Expenditures and Extraordinary Expenses in accordance with the terms
hereof, (ii) to withdraw amounts deposited in error and (iii) if the Manager determines, in accordance with the Operation Standards, that the amount on deposit in the Operating Account exceeds the amount required to pay the Operating
Expenses and Capital Expenditures as the same become due and payable, to make such other distributions as the Owner Representative may direct. The Manager may direct any institution maintaining the Operating Account to invest the funds held therein
in one or more Permitted Investments as the Manager may select in its discretion. All interest and investment income realized on funds deposited therein shall be deposited to the Operating Account. 

(b) Receipts. The Manager shall cause all Tenants to pay all site license fees and other sums due to the Owners under the Leases
to the Deposit Account or the related lock-boxes. If the Manager receives any Receipts directly from the Tenants, it shall cause such Receipts to be deposited into the Deposit Account (or to the Central Account or the appropriate sub-account
thereof, to the extent permitted or required by the Loan Documents) within one business day of identifying such Receipt as pertaining to the Sites and in any event within five Business Days of the Manager’s receipt thereof. To the extent that
the Manager holds any Receipts pertaining to the Sites, whether in accordance with this Agreement or otherwise, the Manager shall be deemed to hold the same for the applicable Owner in trust, but for the benefit of the Lender. The Manager
acknowledges that the Owners are obligated under the Loan Documents to direct or require all persons other than Tenants obligated to pay any operating 

  
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expenses, taxes, other receipts, profits or other sums payable to the Lender directly to the Deposit Account. The Manager agrees to comply with such requirements and directions, and Manager
agrees to give no direction to any Tenant or other person in contravention of such requirements or directions, nor otherwise cause any site license fees or other receipts to be paid to the Owners, the Manager, or any other person, whether at the
direction of the Owners or otherwise. The Manager hereby disclaims any and all interests in the Deposit Account, the Central Account (or any sub-account thereof), the Collection Account, or the Distribution Account and in any of the site license
fees, operating expenses, taxes, other receipts, profits or other sums payable to the Owners or the Lender except as the foregoing relates to sums not pertaining to the Sites. Upon written notice from the Trustee or the Servicer that an Event of
Default has occurred under the Loan Agreement and/or other Loan Documents, the Manager agrees to apply site license fees, operating expenses, taxes, other receipts, profits or other sums payable to the Owners as instructed by the Servicer.

 SECTION 8. Budgets. Contemporaneously with the execution and delivery of this Agreement, the Manager and the Owners
have agreed on an initial Operating Budget and CapEx Budget for the current calendar year, copies of which are attached as Exhibit A. On or before February 15 of each year, the Manager shall deliver to the Owner Representative an Operating
Budget and CapEx Budget for such year (either singly or combined, and in each case presented on a monthly and annual basis). The Operating Budget shall identify and set forth the Manager’s reasonable estimate, after due consideration, of all
Operating Expenses on a line-item basis consistent with the form of Operating Budget attached as Exhibit A. Each of the parties hereto acknowledges and agrees that the Operating Budget and the CapEx Budget represent an estimate only, and that actual
Operating Expenses and Capital Expenditures may vary from those set forth in the applicable Budget. In the event the Manager determines, in accordance with the Operation Standards, that the actual Operating Expenses or Capital Expenditures for any
year will materially differ from those set forth in the applicable Budget for such year, such Budget shall, at the request of the Manager and subject to the Loan Documents, be modified or supplemented as appropriate to reflect such differences. The
Manager will furnish a copy of each Budget to the Servicer at the times required by the Loan Documents. 
 SECTION 9.
Operating Expenses and Capital Expenditures. (a) The Manager is hereby authorized to incur Operating Expenses and to make Capital Expenditures and Extraordinary Expenses on behalf of the Owners, the necessity, nature and amount of which
may be determined in Manager’s discretion in accordance with the Operation Standards and prudent business practices. The Manager shall use commercially reasonable efforts to incur Operating Expenses and to make Capital Expenditures within the
limits prescribed by the Budgets; provided that the Manager may at any time (subject to the applicable provisions of the Loan Documents) incur Extraordinary Expenses if and to the extent the Manager determines, in accordance with the
Operation Standards, that it is necessary or advisable to do so. 
 (b) The Manager shall maintain accurate records with respect
to each Site reflecting the status of real estate and personal property taxes, Ground Lease payments, insurance premiums and other Operating Expenses payable in respect thereof and shall furnish to the Owner Representative and the Servicer from time
to time such information regarding the payment status of such items as the Owner Representative or the Servicer may from time to time reasonably request. If the Lender has not elected to directly pay such amounts from the


  
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Imposition and Insurance Reserve Account in accordance with the terms of the Loan Documents, the Manager shall arrange for the payment (from the Operating Account) of all such real estate and
personal property taxes, Ground Lease payments and insurance premiums as the same become due and payable and request the Servicer to disburse such amounts to the Operating Account from funds available for that purpose in the Imposition and Insurance
Reserve Account. The Manager shall arrange for the payment of all other Operating Expenses to be made from the Operating Account. All Operating Expenses will be funded through funds then on deposit in the Imposition and Insurance Reserve Account (to
the extent available for disbursement) or the Operating Account, as applicable, and the Manager shall have no obligation to subsidize, incur, or authorize any Operating Expense that cannot, or will not be paid by or through funds then on deposit in
the Imposition and Insurance Reserve Account (to the extent available for disbursement) or the Operating Account. If the Manager determines that the funds on deposit in the Imposition and Insurance Reserve Account (to the extent available for
disbursement) and the Operating Account are not sufficient to pay all Operating Expenses related to the Sites as the same shall become due and payable, the Manager shall notify the Owner Representative and the Lender of the amount of such deficiency
and (subject to the applicable provisions of the Loan Documents) the Owners shall deposit the amount of such deficiency therein as soon as practicable. In the event of any such deficiency, the Manager may, in its sole discretion, elect to pay such
Operating Expenses out of its own funds, but shall have no obligation to do so. The Owners, jointly and severally, shall (subject to the applicable provisions of the Loan Documents) be obligated to pay or reimburse the Manager for all such Operating
Expenses paid by the Manager out of its own funds together with interest thereon at the Prime Rate (as defined in the Trust and Servicing Agreement). 
 SECTION 10. Compensation. In consideration of the Manager’s agreement to perform the Services described herein, during the Term hereof, the Owners hereby jointly and severally agree to pay to
the Manager a fee (the “Management Fee”), on each Due Date, equal to 4.5% of the Operating Revenues for the immediately preceding calendar month. On the day that is three (3) Business Days prior to each Due Date, the Manager
shall report to the Owners the Management Fee then due and payable based on the best information regarding Operating Revenues for the immediately preceding calendar month then available to it. If the Manager subsequently determines that Management
Fee so paid to it was less than what should have been paid (based on a re-computation of the Operating Revenues for such calendar month), then the Management Fee due on the next Due Date following the date of such determination shall be increased by
the amount of the underpayment. If the Manager subsequently determines that Management Fee so paid to it was higher than what should have been paid (based on a re-computation of the Operating Revenues for such calendar month), then the Management
Fee due on the next Due Date following the date of such determination shall be reduced by the amount of the overpayment. Upon the expiration or earlier termination of this Agreement as set forth in Section 20, the Manager shall be
entitled to receive, on the next succeeding Due Date, the portion of the Management Fee which was earned by the Manager through the effective date of such expiration or termination (such earned portion being equal to the product at (a) the
total Management Fee that would have been payable for the month in which such expiration or termination occurred had this Agreement remained in effect multiplied by (b) a fraction, the numerator of which is the number of days in such month
through the effective of such expiration or termination, and the denominator of which is the total number of days in such month). The Manager shall be entitled to no other fees or payments from the Owners as a result of the


  
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termination or expiration of this Agreement in accordance with the terms hereof. All expenses necessary to the performance of the Manager’s duties (other than Operating Expenses Capital
Expenditures and Extraordinary Expenses, all of which are payable by the Owners) will be paid from the Manager’s own funds. 
 SECTION 11. Employees. The Manager shall employ, supervise and pay (or contract with a third party to provide, supervise and pay) at all times a sufficient number of capable employees as may be
necessary for Manager to perform the Services hereunder in accordance with the Operation Standards. All matters pertaining to the employment, supervision, compensation, promotion, and discharge of such employees are the sole responsibility of
Manager. In no circumstance shall employees of the Manager or a third party be treated as employees of the Owners. To the extent the Manager, its designee, or any subcontractor negotiates with any union lawfully entitled to represent any such
employees, it shall do so in its own name and shall execute any collective bargaining agreements or labor contracts resulting therefrom in its own name and not as an agent for any Owner. The Manager or the third party with whom the Manager contracts
for employees shall comply in all material respects with all applicable laws and regulations related to workers’ compensation, social security, ERISA, unemployment insurance, hours of labor, wages, working conditions, and other
employer-employee related subjects. The Manager is independently engaged in the business of performing management and operation services as an independent contractor. All employment arrangements are therefore solely Manager’s concern and
responsibility, and the Owners shall have no liability with respect thereto. 
 SECTION 12. Books, Records and
Inspections. The Manager shall, on behalf of the Owners, keep (or cause to be kept) such materially accurate and complete books and records pertaining to the Sites and the Services as may be necessary or appropriate under the Operation
Standards. Such books and records shall include all Leases, Site Management Agreements, Ground Leases, corporate records, monthly summaries of all accounts receivable and accounts payable, maintenance records, Insurance Policies, receipted bills and
vouchers (including, but not limited to, tax receipts, vouchers and invoices), and other documents and papers pertaining to the Sites. All such books and records (“Records”) shall be kept in an organized fashion and in a secure
location and, to the extent practicable, separate from records relating to Other Management Agreements. During the Term of this Agreement, the Manager shall afford to the Owners and the Lender access to any Records relating to the Sites and the
Services within its control, except to the extent it is prohibited from doing so by applicable law or the terms of any applicable obligation of confidentiality or to the extent such information is subject to a privilege under applicable law to be
asserted on behalf of the Owners. Such access shall be afforded without charge but only upon reasonable prior written request and during normal business hours at the offices of the Manager designated by it. 

SECTION 13. Insurance Requirements. 
 (a) Owner Insurance. The Manager shall maintain (or cause to be maintained at its own expense), on behalf of the Owners, all Insurance Policies required to be maintained by the Owners pursuant to
the Loan Documents and such other Insurance Policies as the Manager shall determine to be necessary or appropriate in accordance with the Operation Standards (if any). The Manager shall prepare and present, on behalf of the Owners, claims under any
such 

  
 -11-









 
insurance policy in a timely fashion in accordance with the terms of such policy. Any payments on such policy shall be made to the Manager as agent of and for the account of the Owners (and shall
be held in trust for the benefit of the Lender to the extent provided in the Loan Documents), except as otherwise required by the Loan Documents. All such payments shall be applied in accordance with the Loan Documents or, if the Loan Documents do
not specify an application, shall be deposited into the Operating Account. The Manager shall provide to the Lender on behalf of the Owners such evidence of insurance and payments of the premiums thereof required by Section 5.4 of the Loan
Agreement. 
 (b) Manager’ s Insurance. The Manager shall maintain, at its own expense (or cause to be maintained),
a commercial crime policy and professional liability insurance policy. Any such commercial crime policy and professional liability insurance shall protect and insure the Manager against losses, including forgery, theft, embezzlement, errors and
omissions and negligent acts of the employees of the Manager and shall be maintained in a form and amount consistent with customary industry practices for managers of properties such as the Sites. The Manager shall be deemed to have complied with
this provision if one of its respective Affiliates has such commercial crime policy and professional liability policy and the coverage afforded thereunder extends to the Manager. Annually, upon request of the Owner Representative and/or the
Servicer, the Manager shall cause to be delivered to the Owner Representative and the Lender a certification evidencing coverage under such commercial crime policy and professional liability insurance policy. Any such commercial crime policy or
professional liability insurance policy shall not be cancelled without ten (10) days’ prior written notice to the Owner Representative and the Lender. In cases where an Owner and Manager maintain insurance policies that duplicate coverage,
then the policies of such Owner shall provide primary coverage and Manager’s policies shall be excess and non-contributory. 
 SECTION 14. Environmental. (a) None of the Owners is aware of any material violations of Environmental Laws at the Sites. 

(b) The Manager shall not consent to the installation, use or incorporation into the Sites of any Hazardous Materials in violation of
applicable Environmental Laws and shall not consent to the discharge, dispersion, release, or storage, treatment, generation or disposal of any pollutants or toxic or Hazardous Materials in violation of applicable Environmental Laws and covenants
and agrees to take reasonable steps to comply with the Environmental Laws. 
 (c) The Manager covenants and agrees (i) that
it shall advise the Owner Representative and the Lender in writing of each notice of any material violation of Environmental Law of which Manager has actual knowledge, promptly after Manager obtains actual knowledge thereof, and (ii) to deliver
promptly to the Owner Representative and the Lender copies of all communications from any Federal, state and local governmental authorities received by Manager concerning any such violation. 

SECTION 15. Cooperation. Each Owner and the Manager shall cooperate with the other parties hereto in connection with the
performance of any responsibility required hereunder, under the Loan Documents or otherwise related to the Sites or the Services. In the case of the Owners, such cooperation shall include (i) executing such documents and/or performing such acts
as may be required to protect, preserve, enhance, or maintain the Sites or 

  
 -12-









 
the Operating Account, (ii) executing such documents as may be reasonably required to accommodate a Tenant or its installations, (iii) furnishing to the Manager, on or prior to the
Effective Date, all keys, key cards or access codes required in order to obtain access to the Sites, (iv) furnishing to the Manager, on or prior to the Effective Date, all books, records, files, abstracts, contracts, Leases, Site Management
Agreements, materials and supplies, budgets and other Records relating to the Sites or the performance of the Services and (v) providing to the Manager such other information as Manager considers reasonably necessary for the effective
performance of the Services. In the case of the Manager, such cooperation shall include cooperating with the Lender, potential purchasers of any of the Sites, appraisers, auditors and their respective agents and representatives, with the view that
such parties shall be able to perform their duties efficiently and without interference. 
 SECTION 16. Representations and
Warranties of Manager. The Manager makes the following representations and warranties to the Owners all of which shall survive the execution, delivery, performance or termination of this Agreement: 

(a) The Manager is a limited liability company duly organized, validly existing and in good standing under the laws of the State of
Delaware. 
 (b) The Manager’s execution and delivery of, performance under, and compliance with this Agreement, will not
violate the Manager’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in a material breach of, any material agreement or other material
instrument to which it is a party or by which it is bound. 
 (c) The Manager has the full power and authority to own its
properties, to conduct its business as presently conducted by it and to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed
and delivered this Agreement. 
 (d) This Agreement, assuming due authorization, execution and delivery by each of the other
parties hereto, constitutes a valid, legal and binding obligation of the Manager, enforceable against the Manager in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, moratorium and other laws
affecting the enforcement of creditors’ rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law. 

(e) The Manager is not in violation of, and its execution and delivery of performance under and compliance with this Agreement will not
constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Manager’s good faith and reasonable
judgment, is likely to affect materially and adversely either the ability of the Manager to perform its obligations under this Agreement or the financial condition of the Manager. 

(f) The Manager’s execution and delivery of, performance under and compliance with, this Agreement do not breach or result in a
violation of, or default under, any 

  
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material indenture, mortgage, deed of trust, agreement or instrument to which the Manager is a party or by which the Manager is bound or to which any of the property or assets of the Manager are
subject. 
 (g) No consent, approval, authorization or order of any state or federal court or governmental agency or body is
required for the consummation by the Manager of the transactions contemplated herein, except for those consents, approvals, authorizations or orders that previously have been obtained. 

(h) No litigation is pending or, to the best of the Manager’s knowledge, threatened against the Manager that, if determined
adversely to the Manager, would prohibit the Manager from entering into this Agreement or that, in the Manager’s good faith and reasonable judgment, is likely to materially and adversely affect either the ability of the Manager to perform its
obligations under this Agreement or the financial condition of the Manager. 
 SECTION 17. Representations and Warranties of
Owners. Each Owner makes, at the time such Owner becomes a Party hereto, the following representations and warranties to the Manager all of which shall survive the execution, delivery, performance or termination of this Agreement:

 (a) Such Owner is a corporation or limited liability company duly organized, validly existing and in good standing under the
laws of its jurisdiction of organization. 
 (b) Such Owner’s execution and delivery of, performance under, and compliance
with this Agreement, will not violate such Owner’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in a material breach of, any material
agreement or other material instrument to which it is a party or by which it is bound. 
 (c) Such Owner has the full power and
authority to own its properties, to conduct its business as presently conducted by it and to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement,
and has duly executed and delivered this Agreement. 
 (d) This Agreement, assuming due authorization, execution and delivery by
each of the other parties hereto, constitutes a valid, legal and binding obligation of such Owner, enforceable against such Owner in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, moratorium
and other laws affecting the enforcement of creditors’ rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law. 

(e) Such Owner is not in violation of, and its execution and delivery of, performance under and compliance with this Agreement will not
constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in such Owner’s good faith and reasonable
judgment, is likely to affect materially and adversely either the ability of such Owner to perform its obligations under this Agreement or the financial condition of such Owner. 

  
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 (f) No consent, approval, authorization or order of any state or federal court or
governmental agency or body is required for the consummation by such Owner of the transactions contemplated herein, except for those consents, approvals, authorizations or orders that previously have been obtained. 

(g) No litigation is pending or, to the best of such Owner’s knowledge, threatened against such Owner that, if determined adversely
to such Owner, would prohibit such Owner from entering into this Agreement or that, in such Owner’s good faith and reasonable judgment, is likely to materially and adversely affect either the ability of such Owner to perform its obligations
under this Agreement or the financial condition of such Owner. 
 SECTION 18. Removal, Substitution or Acquisition of
Sites. If during the Term of this Agreement and as provided for in the Loan Agreement, an Owner assigns, disposes of or otherwise transfers all of its right, title and interest in and to any Site to a Person other than another Owner or the
Lender (whether pursuant to a taking under the power of eminent domain or otherwise) or otherwise ceases to have an interest in a Site, this Agreement shall terminate (as to that Site only) on the date of such assignment or transfer and the Owners
shall promptly deliver to Manager an amended Schedule I reflecting the removal of such Site from the scope of this Agreement. Upon the termination of this Agreement as to a particular Site, the Manager and the Owners shall be released and discharged
from all liability hereunder with respect to such Site for the period from and after the applicable termination date and the Manager shall have no further obligation to perform any Site Management Services with respect thereto from and after such
date. In addition, the Owners may at any time add any Additional Site or Additional Borrower Site to Schedule I in connection with a substitution or property addition permitted under the terms of the Loan Agreement. Upon such substitution or
property addition, the Owners shall promptly deliver to Manager an amended Schedule I reflecting the addition of such Additional Site or Additional Borrower Site, whereupon the Manager shall assume responsibility for the performance of the Site
Management Services hereunder with respect to such Additional Site. 
 SECTION 19. Term of Agreement. 

(a) Term. This Agreement shall be in effect during the period (the “Term”) commencing on the date hereof and
ending at 5:00 p.m. (New York time) on the Expiration Date, unless sooner terminated in accordance with the provisions of this Section 19. This Agreement shall have successive terms of thirty (30) days and shall terminate
automatically at the end of any 30-day period unless renewed by the Owners, or the Lender, for an additional 30 days. This Agreement shall be extended for successive 30-day periods by written notice to that effect to the Manager from the Owner
Representative (or the Lender on its behalf) delivered on or prior to the then-current Expiration Date (an “Extension Notice”). Each of the Owners and the Manager agree that if the Owner Representative fails to deliver an Extension
Notice to the Manager by the Expiration Date, the Manager shall, on such Expiration Date, provide Lender with written notice of such failure and Lender shall have ten (10) Business Days following its receipt of such notice to deliver an
Extension Notice to the Manager (and Manager shall continue to provide services during such period), and upon delivery of such Extension Notice the Expiration Date shall be extended to the date falling 30 days after the Expiration Date as in effect
immediately prior to such Extension Notice. Upon delivery of an Extension Notice, the then-current Expiration Date shall be automatically extended to the date specified therein without any further action by any party. 

  
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 (b) Termination for Cause. The Owner Representative (or the Lender on its behalf)
shall have the right, upon notice to the Manager, to terminate this Agreement: (i) upon the declaration of an uncured “Event of Default” under (and as defined in) the Loan Agreement, (ii) 30 days after written notice from
the Lender following the latest Rated Final Distribution Date for any Subclass of Certificates, (iii) if the DSCR falls to less than 1.1x as of the end of any calendar quarter and the Lender reasonably determines, pursuant to the Loan
Agreement, that such decline in the DSCR is primarily attributable to acts or omissions of the Manager rather than factors affecting the Owners’ industry generally, (iv) 30 days after notice from the Lender if the Manager has engaged in
fraud, gross negligence or willful misconduct arising from or in connection with its performance under this Agreement, or (v) if the Manager defaults in the performance of its obligations hereunder and such default (A) could reasonably be
expected to have a Material Adverse Effect and (B) remains unremedied for 90 days after the Manager receives written notice thereof. 
 (c) Automatic Termination for Bankruptcy, etc. If the Manager or any Owner files a petition for bankruptcy, reorganization or arrangement, or makes an assignment for the benefit of the creditors or
takes advantage of any insolvency or similar law, or if a receiver or trustee is appointed for the assets or business of the Manager or any Owner and is not discharged within ninety (90) days after such appointment, then this Agreement shall
terminate automatically; provided that if any such event shall occur with respect to less than all of the Owners, then this Agreement will terminate solely with respect to the Owner or Owners for which such event has occurred and the
respective Sites owned, leased or managed by such Owner(s). Upon the termination of this Agreement as to a particular Owner, the Manager and such Owner shall be released and discharged from all liability hereunder for the period from and after the
applicable termination date and the Manager shall have no further obligation to perform any Services for such Owner or any Sites owned, leased or managed by such Owner from and after such date. 

(d) Resignation by Manager. Unless and until the Loan Agreement has terminated in accordance with its terms and all amounts due
and owing thereunder have been paid in full, the Manager shall not resign from the obligations and duties hereby imposed on it hereunder except upon determination that (i) the performance of its duties hereunder is no longer permissible under
applicable law and (ii) there is no reasonable action which can be taken to make the performance of its duties hereunder permissible under applicable law. Any such determination under clause (d)(i) above permitting the resignation of the
Manager shall be evidenced by an opinion of counsel (who is not an employee of the Manager) to such effect delivered, and in form and substance reasonably satisfactory, to the Owner Representative and the Sevicer. From and after the date on which
the Loan Documents have been terminated in accordance with their respective terms and all amounts due and owing and all other obligations to be performed thereunder have all been satisfied in full, the Manager shall have the right in its sole and
absolute discretion, upon 30 days’ prior written notice to the Owner Representative and Servicer, to resign from the obligations and duties hereby imposed on it. This Agreement shall terminate on the effective date of any resignation of the
Manager permitted under this paragraph (d). 

  
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 SECTION 20. Duties upon Termination. Upon the expiration or termination of the Term,
the Manager shall have no further right to act for any Owner or to draw checks on the Operating Account and shall promptly (i) furnish to the Owner Representative or its designee all keys, key cards or access codes required in order to obtain
access to the Sites, (ii) deliver to the Owner Representative or its designee (or if the Loan is then still outstanding, to the Servicer) all site license fees, income, tenant security deposits and other monies due or belonging to the Owners
under this Agreement but received after such termination, (iii) deliver to the Owner Representative or its designee all books, files, abstracts, contracts, leases, materials and supplies, budgets and other Records relating to the Sites or the
performance of the Services and (iv) upon request, assign, transfer, or convey, as required, to the respective Owners all service contracts and personal property relating to or used in the operation and maintenance of the Sites, except any
personal property which was paid for and is owned by Manager. The Manager shall also, for a period of ninety (90) days after such expiration or termination, make itself available to consult with and advise the Owners regarding the operation and
maintenance of the Sites or otherwise to facilitate an orderly transition of management to a new manager of the Sites. If the Owners elect to renew the Management Agreement, the Manager will be obligated to continue to serve in such capacity unless
it becomes unlawful for it to do so. This Section 20 shall survive the expiration or earlier termination of this Agreement (whether in whole or part). 
 SECTION 21. Indemnities. (a) Subject to Section 22(g), the Owners jointly and severally agree to indemnify, defend and hold the Manager harmless from and against, any and all
suits, liabilities, damages, or claims for damages (including any reasonable attorneys’ fees and other reasonable costs and expenses relating to any such suits, liabilities or claims), in any way relating to the Sites, the Manager’s
performance of the Services hereunder, or the exercise by the Manager of the powers or authorities herein or hereafter granted to the Manager, except for those actions, omissions and breaches of Manager in relation to which the Manager has agreed to
indemnify the Owners pursuant to Section 21(b). 
 (b) Subject to Section 22(g), the Manager agrees to
indemnify, defend and hold the Owners harmless from and against any and all suits, liabilities, damages, or claims for damages (including any reasonable attorneys’ fees and other reasonable costs and expenses relating to any such suits,
liabilities or claims), in any way arising out of (i) any acts or omissions of the Manager or its agents, officers or employees in the performance of the Services hereunder constituting fraud, misfeasance, bad faith or negligence or
(ii) any material breach of any representation or warranty made by the Manager hereunder. 
 (c) “Indemnified
Party” and “Indemnitor” shall mean the Manager and Owners, respectively, as to Section 21(a) and shall mean the Owners and Manager, respectively, as to Section 21(b). If any action or proceeding is
brought against an Indemnified Party with respect to which indemnity may be sought under this Section 21, the Indemnitor, upon written notice from the Indemnified Party, shall assume the investigation and defense thereof, including the
employment of counsel and payment of all expenses. The Indemnified Party shall have the right to employ separate counsel in any such action or proceeding and to participate in the defense thereof; but the Indemnitor shall not be required to pay the
fees and expenses of such separate counsel unless such separate counsel is employed with the written approval and consent of the Indemnitor, which shall not be unreasonably withheld or refused. 

  
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 (d) The indemnities in this Section 21 shall survive the expiration or termination of
the Agreement. 
 SECTION 22. Miscellaneous. 
 (a) Amendments. No amendment, supplement, waiver or other modification of this Agreement shall be effective unless in writing and executed and delivered by the Manager and the Owners;
provided that, until all of the Loan Documents have been terminated in accordance with their respective terms and all amounts due and owing and all other obligations to be performed thereunder have all been satisfied in full, any material
amendment, supplement, waiver or other modification of this Agreement shall also require the consent of the Lender and Rating Agency Confirmations from each Rating Agency. No failure by any party hereto to insist on the strict performance of any
obligation, covenant, agreement, term or condition of this Agreement, or to exercise any right or remedy available upon a breach of this Agreement, shall constitute a waiver of any of the terms of this Agreement. 

(b) Notices. Any notice or other communication required or permitted hereunder shall be in writing and may be delivered personally
or by commercial overnight carrier, telecopied or mailed (postage prepaid via the US postal service) to the applicable party at the following address (or at such other address as the party may designate in writing from time to time); however, any
such notice or communication shall be deemed to be delivered only when actually received by the party to whom it is addressed: 
  

	 	(1)	To the Owners: 

 American Tower
Asset Sub, LLC 
 American Tower Asset Sub II, LLC 
 1209 Orange Street, Wilmington, DE 19801 (County of New Castle) 
 Attn: Victor A.
Duva 
 Fax: 302-658-5459 
 With a copy to: 
 c/o American Tower Corporation 

Thomas A. Bartlett 
 Executive Vice President, Chief Financial Officer and Treasurer 
 116 Huntington
Avenue 
 Boston, MA 02116 
 Fax: 617-375-7575 
 Edmund DiSanto 

Executive Vice President, Chief Administrative Officer, General Counsel and Secretary 

116 Huntington Avenue 
 Boston, MA 02116 
 Fax: 617-375-7575 

  
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	 	(2)	To Manager: 

 SpectraSite
Communications, LLC 
 116 Huntington Avenue 

11th Floor 
 Boston, MA 02116 
 Attention: Thomas A. Bartlett, EVP, Chief Financial Officer and
Treasurer 
  

	 	(3)	To Lender/Servicer: 

 Midland
Loan Services 
 10851 Mastin Street, Building 82, Suite 300 

Overland Park, Kansas 66210 
 Attention: President 
 (c) Assignment, etc. The provisions of this
Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and permitted assigns. None of the rights, interests, duties, or obligations created by this Agreement may be assigned,
transferred, or delegated in whole or in part by the Manager or any Owner, and any such purported assignment, transfer, or delegation shall be void; provided, however, that (i) the Owners may assign this Agreement to the Lender
and grant a security interest in their rights and interests hereunder pursuant to the Loan Documents and (ii) the Manager may, in accordance with the Operation Standards, utilize the services of third-party service providers to perform all or
any portion of its Services hereunder upon notice to the Lender and the Rating Agencies (if such appointment is of a material portion of the Manager’s Services hereunder). Notwithstanding the appointment of a third-party service provider, the
Manager shall remain primarily liable to the Owners to the same extent as if the Manager were performing the Services alone, and the Manager agrees that no additional compensation shall be required to be paid by the Owners in connection with any
such third-party service provider. The Lender shall be a third party beneficiary under this Agreement with respect to the Owners’ rights and remedies hereunder. 
 (d) Entire Agreement; Severability. This Agreement constitutes the entire agreement between the parties hereto, and no oral statements or prior written matter not specifically incorporated herein
shall be of any force or effect. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
contained herein and therein shall not in any way be affected or impaired thereby. 
 (e) Limitations on Liability.

 (i) Notwithstanding anything herein to the contrary, neither the Manager nor any director, officer, employee
or agent of the Manager shall be under any liability to the Owners or any other Person for any action taken, or not taken, in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision
shall not 

  
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protect the Manager against any liability to the Owners or the Lender for the material breach of a representation or warranty made by the Manager herein or against any liability which would
otherwise be imposed on the Manager by reason of fraud, misfeasance, bad faith or negligence in the performance of the Services hereunder. 
 (ii) No party will be liable to any other for special, indirect, incidental, exemplary, consequential or punitive damages, or loss of profits, arising from the relationship of the parties or the conduct
of business under, or breach of this Agreement. 
 (iii) Notwithstanding any other provision of this Agreement or
any rights which the Manager might otherwise have at law, in equity, or by statute, any liability of an Owner to the Manager shall be satisfied only from such Owner’s interest in the Sites, the Leases, the Site Management Agreements, the
Insurance Policies and the proceeds thereof; and then only to the extent that such Owner has funds available to satisfy such liability in accordance with the Loan Documents (any such available funds being hereinafter referred to as
“Available Funds”). In the event the Available Funds of an Owner are insufficient to pay in full any such liabilities of an Owner, the excess of such liabilities over such Available Funds shall not constitute a claim (as defined in
the United States Bankruptcy Code) against such Owner unless and until a proceeding of the type described in Section 22(j) is commenced against such Owner by a party other than the Manager. 

(iv) No officer, director, employee, agent, shareholder, member or Affiliate of any Owner or the Manager (except, in the
case of an Owner, for Affiliates that are also Owners hereunder) shall in any manner be personally or individually liable for the obligations of any Owner or the Manager hereunder or for any claim in any way related to this Agreement or the
performance of the Services. 
 (v) The provisions of this Section 22(e) shall survive the expiration
and termination of this Agreement. 
 (f) Governing Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING
UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THE AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

 (g) Litigation Costs. If any legal action or other proceeding of any kind is brought for the enforcement of this
Agreement or because of a default, misrepresentation, or any other dispute in connection with any provision of this Agreement or the Services, the successful or prevailing party shall be entitled to recover all fees and other costs incurred in such
action or proceeding, in addition to any other relief to which it may be entitled. 

  
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 (h) Confidentiality. Each party hereto agrees to keep confidential (and (a) to
cause its respective officers, directors and employees to keep confidential and (b) to use its best efforts to cause its respective agents and representatives to keep confidential) the Information (as defined below) and all copies thereof;
extracts therefrom and analyses or other materials based thereon, except that the parties hereto shall be permitted to disclose Information (i) to the extent required by the Loan Documents, applicable laws and regulations or by any subpoena or
similar legal process, (ii) as requested by Rating Agencies, (iii) to the extent provided in the Memorandum (as defined in the Trust and Servicing Agreement), (iv) to the parties to the Loan Documents who are subject to the
confidentiality provisions contained therein and (v) to actual or prospective Tenants. For the purposes of this paragraph (h), the term “Information” will mean the terms and provisions of this Agreement and all financial statements,
certificates, reports, Records, agreements and information (including the Leases, the Site Management Agreements and all analyses, compilations and studies based on any of the foregoing) that relate to the Sites or the Services, other than any of
the foregoing that are or become publicly available other than by a breach of the confidentiality provisions contained herein. 

(i) Owners’ Representative and Agent. From time to time during the Term, the Owners shall appoint one (1) Owner (the
“Owner Representative”) to serve as the Owners’ representative and agent to act, make decisions, and grant any necessary consents or approvals hereunder, collectively, on behalf of all of the Owners. American Tower Asset Sub,
LLC shall act as the initial Owner Representative hereunder and is hereby authorized to take such action as agent on its behalf and to exercise such powers as are delegated to the Owner Representative by the terms hereof, together with such powers
as are reasonably incidental thereto. 
 (j) No Petition. Prior to the date that is one year and one day after the date
on which (a) all of the Loan Documents have been terminated in accordance with their respective terms and (b) all amounts due and owing and all other obligations to be performed thereunder have all been satisfied in full in accordance with
the terms thereof; the Manager shall not institute, or join any other Person in instituting, or authorize a trustee or other Person acting on its behalf or on behalf of others to institute, any bankruptcy, reorganization, arrangement, insolvency,
liquidation or receivership proceedings under the laws of the United States of America or any state thereof against any Owner. 

(k) Other Management Agreements. The Owners hereby acknowledge and agree that the Manager may become a party to Other Management
Agreements and, as a result, the Manager may engage in business activities that are in competition with the business of the Owners in respect of the Sites. Nothing in this Agreement shall in any way preclude the Manager or its Affiliates,
subsidiaries, officers, employees and agents from engaging in any business activity (including the operation, maintenance, leasing and/or marketing of telecommunications sites for itself or for others), even if, by doing so, such activities could be
construed to be in competition with the business activities of the Owners; provided that (i) if the Tenant with respect to a Site is an Affiliate of the Manager, the Manager shall perform all Services in respect of such Site in the same
manner as if such Tenant were not an Affiliate and (ii) in all cases the Manager shall perform its duties and obligations hereunder in accordance with the Operation Standards notwithstanding any potential conflicts of interest that may arise,
including any relationship that the Manager may have with any Tenant or any other owners of telecommunication sites that it manages. 

  
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 (l) Headings. Section headings and the Table of Contents used herein are for
convenience of reference only, are not part of this Agreement and are not to effect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 (m) Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall constitute an original, but all of which when
taken together shall constitute one contract. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original
counterpart of this Agreement. 
 [NO ADDITIONAL TEXT ON THIS PAGE] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
date first above written. 
  

							
	Manager:	 		 	SPECTRASITE COMMUNICATIONS, LLC
		 		 	By: SPECTRASITE, LLC, its sole manager
		 		 	By: American Tower Corporation, its sole manager
				
		 		 	By:	 	 /s/ Michael John McCormack

		 		 		 	Michael John McCormack
		 		 		 	Senior Vice President and Assistant Secretary

 [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] 

  
 B-1










									
	Owners:	 		 	AMERICAN TOWER ASSET SUB, LLC
				
		 		 	By:	 	 /s/ Michael John McCormack

		 		 		 	Name:	 	Michael John McCormack
		 		 		 	Title:	 	Senior Vice President, Legal and Assistant Secretary
			
		 		 	AMERICAN TOWER ASSET SUB II, LLC
				
		 		 	By:	 	 /s/ Michael John McCormack

		 		 		 	Name:	 	Michael John McCormack
		 		 		 	Title:	 	Senior Vice President, Legal and Assistant Secretary


  
 B-2