EXHIBIT 10.2
ADDENDUM TO PURCHASE AGREEMENT
THIS ADDENDUM TO PURCHASE AGREEMENT (the "Addendum") is executed this 29th
day of November, 2000 by and among TeleCorp Realty, LLC, a Delaware limited
liability company ("TeleCorp Realty, LLC"), TeleCorp Puerto Rico Realty, Inc., a
Puerto Rico corporation ("TeleCorp PR"), and TeleCorp Communications, Inc., a
Delaware corporation ("TCI") (TeleCorp Realty, TeleCorp PR and TCI, collectively
"TeleCorp" and individually a "TeleCorp Party"), SBA Towers, Inc., a Florida
corporation ("SBA") and SBA Telecommunications , Inc.
WHEREAS, TeleCorp and SBA entered into that certain Purchase Agreement
dated the 15th day of September, 2000 in which TeleCorp agreed to assign, sell
and convey certain leases, towers and related facilities in connection with Two
Hundred Thirteen (213) Sites to a Delaware corporation to be formed and wholly
owned by TeleCorp ("NewCo") and then sell and convey all of the issued and
outstanding shares of capital stock of NewCo ("Shares") to SBA;
WHEREAS, pursuant to the Purchase Agreement SBA committed to purchase the
Shares of NewCo from TeleCorp and to then lease space on the Sites to TeleCorp;
WHEREAS, the Purchase Agreement anticipated the transfer to NewCo of Sixty
Two (62) Sites in addition to the Two Hundred Thirteen Sites (213) identified on
Schedule I of the Purchase Agreement;
WHEREAS, TeleCorp and SBA wish to confirm those additional Sites which are
subject to the terms, covenants and conditions of the Purchase Agreement by
execution of this Addendum.
NOW THEREFORE, for and in consideration of the terms and mutual promises
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, TeleCorp and SBA agree as follows:
1. Supplemental Sites. The Two Hundred Thirteen (213) Sites which are
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subject to the Purchase Agreement are restated on Schedule I attached hereto.
The Sixty-Two (62) additional Sites which are subject to this Agreement as a
result of the amendment to the Credit Agreement to permit more Sites to be
transferred to NewCo are set forth on Schedule IA attached hereto.
2. No other Modification. The Purchase Agreement shall remain the
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controlling agreement of among TeleCorp and SBA with respect to the subject
matter of the Purchase Agreement and shall only be modified as expressly set
forth herein.
IN WITNESS WHEREOF, SBA and TeleCorp have executed this Addendum as of the
date and year first above written.
SBA TOWERS, INC.
By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
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Title: Senior Vice President
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(CORPORATE SEAL)
TELECORP REALTY, LLC
By: TeleCorp Communications, Inc.
Its: Managing Member
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: President
(CORPORATE SEAL)
TELECORP PUERTO RICO REALTY, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: President
(CORPORATE SEAL)
TELECORP COMMUNICATIONS, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: President
(CORPORATE SEAL)
SCHEDULE I
SCHEDULE OF PRIME LEASES, TOWER FACILITIES AND COLLOCATION
AGREEMENTS
SCHEDULE IA
SUPPLEMENTAL SITES
