PREFERRED APARTMENT COMMUNITIES, INC. SALES AGREEMENTSales Agreement • June 24th, 2019 • Preferred Apartment Communities Inc • Real estate investment trusts • New York
Preferred Apartment Communities, Inc., a Maryland corporation (the “Company”), proposes, on the terms and subject to the conditions stated herein and in the Sales Agreement dated June 21, 2019 (the “Sales Agreement”) between the Company and RBC Capital Markets, LLC, Jones Trading Institutional Services LLC, B. Riley FBR, Inc., Compass Point Research & Trading, LLC, D.A. Davidson & Co., JMP Securities LLC and National Securities Corporation. (the “Agents”) and the Forward Purchaser (as defined in the Sales Agreement), to issue and sell to [•], one of the Agents under the Sales Agreement (the “Agent”), the number of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), specified in the Schedule 1 hereto (the “[Purchased] Securities”), [and to grant to the Agent the option to purchase all or any of the additional shares of Common Stock specified in the Schedule 1 hereto (the “Additional Securities” and, together with the Purchased Securities,] the “Securiti
