THIS EMPLOYMENT AGREEMENT (the "Agreement") among SBA PROPERTIES INC., a Florida
corporation (the "Company") and KURT L. BAGWELL (the "Executive") is made and entered into as of this
28/th/ day of February, 2003.
W I T N E S S E T H :
WHEREAS, the Company, SBA Communications Corporation, a Florida Corporation (the "Parent"), and their
subsidiaries engage in the business of developing, leasing and maintaining wireless telecommunications tower sites;
WHEREAS, the Executive and the Company wish to provide for the employment of the Executive by the
Company, Parent and their subsidiaries (the "Parent Group") on the terms and conditions set forth in this
NOW, THEREFORE, it is hereby agreed by and between the parties as follows:
1. EMPLOYMENT. The Company hereby agrees to employ the Executive and the Executive hereby agrees to
be employed by the Company on the terms and conditions set forth herein.
2. TERM. The term of employment of the Executive by the Parent Group hereunder shall commence as of
January 1, 2003 (the "Effective Date") and shall end December 31, 2004 (the "Initial Term"), unless sooner
terminated as hereinafter provided. At the end of the Initial Term, the Executive's employment pursuant to this
Agreement shall be extended automatically for successive three (2) year terms of employment, unless either the
Company or the Executive notifies the other party in writing at least one-hundred eighty (180) days prior to the
end of the Initial or any later Term of an intention not to renew this Agreement, in which case this Agreement will
terminate at the end of such Term. All references herein to the "Term" shall refer to both such Initial Term and any
such successive Terms.
3. POSITION AND DUTIES.
(a) The Executive shall initially serve as the senior vice president and chief operating officer of the Company. The
Executive shall generally perform the duties of a senior vice president and chief operating officer for the Company