0001481832-14-000108 Sample Contracts

AMENDMENT NO. 1 TO THE FOURTH AMENDED AND RESTATED MANAGEMENT AGREEMENT
Management Agreement • November 10th, 2014 • Preferred Apartment Communities Inc • Real estate investment trusts • Delaware

This Amendment No. 1 (the "Amendment") to the Fourth Amended and Restated Management Agreement effective as of January 1, 2014 (the "Management Agreement"), among Preferred Apartment Communities, Inc., a Maryland corporation (the "Company"), Preferred Apartment Communities Operating Partnership, L.P., a Delaware limited partnership ("PACOP"), and Preferred Apartment Advisors, LLC, a Delaware limited liability company (the "Advisor"), is entered into as of November 5, 2014 ("Execution Date") effective as of September 5, 2014 (the "Effective Date"). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Management Agreement.

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