0000891804-10-002196 Sample Contracts

PROPERTY MANAGEMENT AGREEMENT
Property Management Agreement • June 4th, 2010 • Bluerock Enhanced Multifamily Trust, Inc. • Real estate investment trusts • North Carolina

This PROPERTY MANAGEMENT AGREEMENT (the “Agreement”), entered into as of this 9th day of April, 2010, by Bell BR Meadowmont, LLC, a Delaware limited liability company (“Owner”) and Bell Partners Inc., a North Carolina corporation (“Manager”).

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PLEDGE AND SECURITY AGREEMENT
Pledge and Security Agreement • June 4th, 2010 • Bluerock Enhanced Multifamily Trust, Inc. • Real estate investment trusts • New York

This PLEDGE AND SECURITY AGREEMENT (this “Agreement”), dated as of March 31, 2010, made by BEMT Creekside, LLC, a Delaware limited liability company (“BEMT”) for Bluerock Special Opportunity + Income Fund II, LLC, a Delaware limited liability company (the “SOIF II”), recites and provides:

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF BELL BR MEADOWMONT, LLC
Limited Liability Company Agreement • June 4th, 2010 • Bluerock Enhanced Multifamily Trust, Inc. • Real estate investment trusts • Delaware

This Amended and Restated Limited Liability Company Agreement (together with the schedules attached hereto, this “Agreement”) of Bell BR Meadowmont, LLC (the “Company”), is entered into by Bell BR Meadowmont ,JV, LLC (“Meadowmont JV”). as the sole equity member (the “Member”), and Thomas P. Hockman (“Springing Member 1”) and Barbara R. Christy (“Springing Member 2”). as the Springing Members (as defined herein). Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto.

GENERAL WARRANTY DEED
General Warranty Deed • June 4th, 2010 • Bluerock Enhanced Multifamily Trust, Inc. • Real estate investment trusts

FROM: Reserve at Creekside Prepared by and after recording, return to: Limited Partnership, a Florida limited partnership, as Grantor Ruth E. Isaac, Esq. Kutak Rock, LLP TO: BR Creekside LLC, a 225 Peachtree Street, NE, Suite 2100 Delaware limited liability Atlanta, GA 30303-1731 company, as Grantee

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