0001144204-10-066369 Sample Contracts

PREFERRED APARTMENT COMMUNITIES, INC. Shares of Class A Common Stock FORM OF UNDERWRITING AGREEMENT
Underwriting Agreement • December 14th, 2010 • Preferred Apartment Communities Inc • Real estate investment trusts • New York
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FORM OF RESTRICTED STOCK AGREEMENT PURSUANT TO THE PREFERRED APARTMENT COMMUNITIES, INC.
Restricted Stock Agreement • December 14th, 2010 • Preferred Apartment Communities Inc • Real estate investment trusts • Maryland

THIS AGREEMENT (this “Agreement”) made as of the ___ day of , 2010, by and between Preferred Apartment Communities, Inc. (the “Company”) and (the “Participant”).

CONTRACT OF PURCHASE AND SALE
Contract of Purchase and Sale • December 14th, 2010 • Preferred Apartment Communities Inc • Real estate investment trusts • Georgia

THIS CONTRACT OF PURCHASE AND SALE (this “Contract”) is made as of the 29th day of September, 2010, by and between OXFORD SUMMIT DEVELOPMENT, LLC, a Georgia limited liability company (“Oxford”) and WILLIAMS REALTY FUND I, LLC, a Georgia limited liability company (“Williams”; Oxford and Williams are hereinafter referred to individually as a “Seller” and collectively as “Sellers”), and PREFERRED APARTMENT COMMUNITIES, INC., a Maryland corporation (“Buyer”).

FORM OF INTELLECTUAL PROPERTY ASSIGNMENT AND LICENSE AGREEMENT
Intellectual Property Assignment and License Agreement • December 14th, 2010 • Preferred Apartment Communities Inc • Real estate investment trusts

This Intellectual Property Assignment and License Agreement (this “Agreement”) is made and entered into this ___ day of December, 2010 (the “Execution Date”), to be effective as of _____________, 2010 (the Effective Date”) by and between Preferred Apartment Advisors, LLC (“Licensor”) and Preferred Apartment Communities, Inc. (“Licensee”).

December 8, 2010 PRIVATE AND CONFIDENTIAL Mr. Ed Cofrancesco President International Assets Advisory, LLC
Private And • December 14th, 2010 • Preferred Apartment Communities Inc • Real estate investment trusts
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