0001481832-17-000112 Sample Contracts

Capital on Demand™ Sales Agreement
Preferred Apartment Communities Inc • July 10th, 2017 • Real estate investment trusts • New York

Preferred Apartment Communities, Inc., a Maryland corporation (the "Company") confirms its agreement (this "Agreement") with National Securities Corporation, (the "Agent"), as follows:

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Capital on Demand™ Sales Agreement
Preferred Apartment • July 10th, 2017 • Preferred Apartment Communities Inc • Real estate investment trusts • New York

Preferred Apartment Communities, Inc., a Maryland corporation (the "Company") confirms its agreement (this "Agreement") with JMP Securities LLC, (the "Agent"), as follows:

AMENDMENT NO. 1 TO CAPITAL ON DEMAND™ SALES AGREEMENT
Sales Agreement • July 10th, 2017 • Preferred Apartment Communities Inc • Real estate investment trusts • New York

Preferred Apartment Communities, Inc. (the “Company”), and [Sales Agent], are parties to that certain Capital on DemandTM Sales Agreement dated May 4, 2016 (the “Original Agreement”). All capitalized terms not defined herein shall have the meanings ascribed to them in the Original Agreement. The parties, intending to be legally bound, hereby amend the Original Agreement as follows:

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