0001481832-19-000092 Sample Contracts

FORM OF SUBSCRIPTION ESCROW AGREEMENT
Form of Subscription Escrow Agreement • October 2nd, 2019 • Preferred Apartment Communities Inc • Real estate investment trusts • New York

THIS FORM OF SUBSCRIPTION ESCROW AGREEMENT dated as of September __, 2019 (this “Agreement”), is entered into among Preferred Capital Securities, LLC (the “Dealer Manager”), Preferred Apartment Communities, Inc. (the “Company”) and UMB Bank, National Association, a national banking association, as escrow agent (the “Escrow Agent”).

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