REGISTRATION RIGHTS AGREEMENT dated as of April 5, 2011 among PREFERRED APARTMENT COMMUNITIES, INC. and THE SHAREHOLDERS PARTY HERETORegistration Rights Agreement • April 11th, 2011 • Williams Opportunity Fund LLC • Real estate investment trusts • New York
THIS REGISTRATION RIGHTS AGREEMENT dated as of April 5, 2011 (this “Agreement”), among Preferred Apartment Communities, Inc., a Maryland corporation (the “Company”), and the Shareholder or Shareholders party hereto or bound hereby, including any Permitted Transferees (collectively, the “Shareholders”).
Preferred Apartment Advisors, LLC Atlanta, Georgia 30339Subscription Agreement • April 11th, 2011 • Williams Opportunity Fund LLC • Real estate investment trusts • Delaware
Williams Opportunity Fund, LLC, a Georgia limited liability company (the “Investor”) and Preferred Apartment Advisors, LLC (the “Manager”) previously entered into a letter agreement dated July 29, 2010 (the “Original Letter Agreement”), in connection with the execution of that certain Subscription Agreement, dated July 29, 2010, among Preferred Apartment Communities, Inc. (the “Company”), the Manager, Preferred Apartment Communities Operating Partnership, L.P. (“PAC LP”), and the Investor (the “Original Subscription Agreement”). The Original Subscription Agreement was amended and restated on February 28, 2011 in connection with an amendment to the Company’s charter filed on February 22, 2011 effecting (a) a change in the designation of the Company’s shares of Class A Common Stock, $0.01 par value per share, to common stock, $0.01 par value per share, and (b) a change in each of the Company’s issued and outstanding shares of Class B Common Stock, $0.01 par value per share, to one issued
