Warrant to Purchase Class A Common Stock of Preferred Apartment Communities, Inc. WARRANT Dated: [ ], 2010Preferred Apartment Communities Inc • December 20th, 2010 • Real estate investment trusts • Delaware
Company FiledDecember 20th, 2010 Industry JurisdictionThis certifies that INTERNATIONAL ASSETS ADVISORY, LLC (“IAA”) or any of its permitted transferees (IAA or any such permitted transferee is sometimes herein called the “Holder”) is entitled to purchase from Preferred Apartment Communities, Inc., a Maryland corporation (the “Company”), up to 150,000 shares of Class A Common Stock (the “Shares”), par value $0.01 per share, of the Company (the “ Class A Common Stock ”), at a purchase price of $[ ] per Share, which purchase price is equal to 125% of the gross per Share offering price to the public of the Class A Common Stock in the Company’s initial public offering of Class A Common Stock pursuant to the Company’s Registration Statement on Form S-11 (333-168407) filed with the Securities and Exchange Commission on July 30, 2010, as amended from time to time, subject to adjustment as described below (as so adjusted from time to time, the “Exercise Price”) during the four-year period as more fully set forth in Section 1.
Warrant to Purchase Class A Common Stock of Preferred Apartment Communities, Inc. WARRANT Dated: [ ], 2010Preferred Apartment Communities Inc • November 17th, 2010 • Real estate investment trusts • Delaware
Company FiledNovember 17th, 2010 Industry JurisdictionThis certifies that INTERNATIONAL ASSETS ADVISORY, LLC (“IAA”) or any of its permitted transferees (IAA or any such permitted transferee is sometimes herein called the “Holder”) is entitled to purchase from Preferred Apartment Communities, Inc., a Maryland corporation (the “Company”), up to 150,000 shares of Class A Common Stock (the “Shares”), par value $0.01 per share, of the Company (the “ Class A Common Stock ”), at a purchase price of $[ ] per Share, which purchase price is equal to 125% of the gross per Share offering price to the public of the Class A Common Stock in the Company’s initial public offering of Class A Common Stock pursuant to the Company’s Registration Statement on Form S-11 (333-168407) filed with the Securities and Exchange Commission on July 30, 2010, as amended from time to time, subject to adjustment as described below (as so adjusted from time to time, the “Exercise Price”) during the four-year period as more fully set forth in Section 1.