0001144204-15-013992 Sample Contracts

Lock-up Agreement January 13, 2015
Lock-Up Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
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LIMITED LIABILITY COMPANY AGREEMENT
Limited Liability Company Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
Lock-up Agreement October 2, 2014
Lock-Up Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
LIMITED LIABILITY COMPANY AGREEMENT OF BR CARROLL ARIUM GRANDE LAKES OWNER, LLC
Limited Liability Company Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS LIMITED LIABILITY COMPANY AGREEMENT of BR CARROLL ARIUM GRANDE LAKES OWNER, LLC, a Delaware limited liability company (as amended from time to time, the "Agreement") is entered into among BR Carroll Grande Lakes JV, LLC, a Delaware limited liability company, the sole member of the Company (the "Member"), and Bluerock Asset Management LLC, a Delaware limited liability company ("BAM"), as a Special Member (the "Special Member").

Lock-up Agreement October 2, 2014
Lock-Up Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
LIMITED LIABILITY COMPANY AGREEMENT OF BR CARROLL GRANDE LAKES JV, LLC A DELAWARE LIMITED LIABILITY COMPANY DATED AS OF NOVEMBER 4, 2014
Property Management Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
FOURTH AMENDMENT TO CONSTRUCTION LOAN AGREEMENT
Construction Loan Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

THIS FOURTH AMENDMENT (the “Amendment") is entered into by and among FIFTH THIRD BANK, an Ohio banking corporation (the “Lender"), 23HUNDRED, LLC, a Delaware limited liability company (the “Original Borrower"), SH 23HUNDRED TIC, LLC, a Tennessee limited liability company ("SH") and BGF 23HUNDRED, LLC, a Delaware limited liability company ("BGF") (collectively, the Original Borrower, SH and BGF shall be referred to as "Borrowers").

ASSIGNMENT OF MANAGEMENT AGREEMENT
Assignment of Management Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

This ASSIGNMENT OF MANAGEMENT AGREEMENT (this "Assignment") dated as of November 4, 2014 is executed by and among (i) BR CARROLL ARIUM GRANDE LAKES OWNER, LLC, a Delaware limited liability company ("Borrower"), (ii) WALKER & DUNLOP, LLC, a Delaware limited liability company ("Lender"), and (iii) CARROLL MANAGEMENT GROUP, LLC, a Georgia limited liability company ("Manager").

LIMITED LIABILITY COMPANY AGREEMENT OF
Limited Liability Company Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS LIMITED LIABILITY AGREEMENT ("Agreement") of BRG GRANDE LAKES, LLC, a Delaware limited liability company (the "Company"), is effective as of October 2, 2014, between the Company and Bluerock Residential Holdings, L.P., a Delaware limited partnership, as the sole member of the Company (the "Member").

PURCHASE AND SALE AGREEMENT (Bell Hendersonville Apartments -Hendersonville, Tennessee)
Purchase and Sale Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Tennessee

This Purchase and Sale Agreement (this "Agreement") is made and entered into as of the 9th day of December, 2014 (the "Effective Date"), by and between BELL HNW WATERFORD, LLC, a Delaware limited liability company, and BELL BR WATERFORD CROSSING JV, LLC, a Delaware limited liability company (collectively, the "Seller"), and BEL HENDERSONVILLE LLC, a Delaware limited liability company, a Delaware limited liability company ("Purchaser").

ASSUMPTION AGREEMENT
Assumption Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Tennessee

THIS ASSUMPTION AGREEMENT (the “Agreement”) is entered into by and among Fifth Third Bank, an Ohio banking corporation (the “Lender”), 23Hundred, LLC, a Delaware limited liability company (the “Original Borrower”), SH 23Hundred TIC, LLC, a Tennessee limited liability company (“SH”), and BGF 23Hundred, LLC, a Delaware limited liability company (“BGF”) (collectively, the Original Borrower, SH and BGF shall be referred to collectively as “Borrowers”).

TENANCY IN COMMON AGREEMENT
Common Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Tennessee

THIS MANAGEMENT AND LEASING AGREEMENT (this “Agreement”) is dated as of May 1, 2013 between 23Hundred, LLC, a Delaware limited liability company having an office at 3200 West End Avenue, Suite 500, Nashville, TN 37203 (“Owner”), and MATRIX RESIDENTIAL, LLC, a Georgia limited liability company having an office at 5605 Glenridge Drive, Atlanta, Georgia 30342 (“Manager”).

TENANTS IN COMMON AGREEMENT
Tenants in Common Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Tennessee

This TENANTS IN COMMON AGREEMENT ("Agreement") dated December 3, 2014, by and among BELL BR WATERFORD CROSSING JV, LLC, a Delaware limited liability company ("BR"), and BELL HNW WATERFORD, LLC, a Delaware limited liability company ("BELL") (together with any other persons or parties who acquire an interest and assume the rights and obligations hereunder by written instrument, each sometimes referred to as a "Tenant in Common" or collectively as the "Tenants in Common"), with reference to the facts set forth below.

OPERATIONS AND MAINTENANCE AGREEMENT- MOISTURE MANAGEMENT PLAN
Operations and Maintenance Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

This OPERATIONS AND MAINTENANCE AGREEMENT – MOISTURE MANAGEMENT PLAN ("Agreement") is made as of the 4th day of November, 2014 by BR CARROLL ARIUM GRANDE LAKES OWNER, LLC, a Delaware limited liability company ("Borrower"), and WALKER & DUNLOP, LLC, a Delaware limited liability company ("Lender").

Lock-up Agreement October 2, 2014
Lock-Up Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
LIMITED LIABILITY COMPANY AGREEMENT OF BR BELLAIRE BLVD, LLC
Limited Liability Company Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS LIMITED LIABILITY COMPANY AGREEMENT (as amended from time to time, this “Agreement” or this “Limited Liability Company Agreement”) is made and entered into this 9th day of January, 2015, by and between Blaire House, LLC, a Delaware limited liability company (the “TCR Member”), and BR Southside Member, LLC, a Delaware limited liability company (the “BR Member”).

REDEMPTION AGREEMENT
Redemption Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS REDEMPTION AGREEMENT (this “Agreement”) is hereby made as of December 9, 2014 by and among BR Stonehenge 23Hundred JV, LLC, a Delaware limited liability company (the “Company”), BR Berry Hill Managing Member, LLC, a Delaware limited liability company (“Bluerock”), and BR Berry Hill Managing Member II, LLC a Delaware limited liability company (“BR Newco”), and Bluerock Growth Fund, LLC, a Delaware limited liability company (“BRGF” and, together with Bluerock, and BR Newco, the “Members”).

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Tennessee

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is made as of 4:59PM CST the 17th day of December, 2014 between SH 23HUNDRED TIC, LLC, a Tennessee limited liability company, BGF 23HUNDRED, LLC, a Delaware limited liability company and 23HUNDRED, LLC, a Delaware limited liability company having an address c/o Stonehenge Real Estate Group, LLC, 3200 West End Avenue, Suite 500, Nashville, TN 37203 (collectively, the “Seller”), and Sentinel Acquisitions Corp., a Delaware corporation, having an address of 1251 Avenue of the Americas, New York, New York 10020, or its permitted assigns (said entity and its permitted assigns, the “Purchaser”).

GUARANTY AGREEMENT
Guaranty Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York

This Guaranty Agreement (this "Guaranty"), dated as of January 9, 2015, is executed by CFP Residential, L.P., a Texas limited partnership, CFH Maple Residential Investor, L.P., a Texas limited partnership, VF MultiFamily Holdings, Ltd., a Texas limited partnership, VF Residential, Ltd., a Texas limited partnership, and Maple Residential, L.P., a Delaware limited partnership (each individually, a “Guarantor” and, collectively, the "Guarantors"), in favor of BR Southside Member, LLC, a Delaware limited liability company (“BR Member”), and BR Bellaire Blvd, LLC, a Delaware limited liability company (the “Company”). BR Member and the Company are referred to in this Guaranty, each individually, as a "Creditor" and, collectively, as the "Creditors."

Lock-up Agreement January 13, 2015
Lock-Up Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
REDEMPTION AGREEMENT
Redemption Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware
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Lock-up Agreement October 2, 2014
Lock-Up Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • New York
OWNER-CONTRACTOR CONSTRUCTION AGREEMENT
Contractor Construction Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Texas

This Owner-Contractor Construction Agreement (this "Agreement"), dated as of January 9, 2015, is between BR Bellaire Blvd, LLC, a Delaware limited liability company ("Owner"), whose address is 820 Gessner, Suite 760, Houston, Texas 77024, and Maple Multi-Family TX Contractor, L.L.C., a Texas limited liability company ("Contractor"), whose address is 820 Gessner, Suite 760, Houston, Texas 77024. An additional copy of any notice to Owner shall be provided to Owner at c/o of Bluerock Real Estate, LLC, 712 Fifth Avenue, 9th Floor, New York, NY 10019, Attn: Jordan Ruddy and Michael Konig. Owner and Contractor agree as follows:

FIRST AMENDMENT PURCHASE AND SALE AGREEMENT
First Amendment Purchase and Sale Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

This FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”)is entered into this 15th day of December, 2014, by and between SENTINEL ACQUISITIONS CORP., a Delaware corporation (“Purchaser”), and SH 23 HUNDRED TIC, LLC, a Tennessee limited liability company (“SH”), BGF 23HUNDRED, LLC, a Delaware limited liability company (“BGF”), and 23HUNDRED, LLC, a Delaware limited liability company (“23Hundred”; and with SH and BGF, collectively referred to herein as “Seller”).

DEVELOPMENT AGREEMENT
Development Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Texas

The Borrower herby requests an advance under the captioned Construction Le Agreement to pay costs heretofore incurred in connection with construction of the Improvements as contemplated therein, in the amount

CONTRIBUTION AND DISTRIBUTION AGREEMENT
Contribution and Distribution Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS CONTRIBUTION AND DISTRIBUTION AGREEMENT (“Agreement”) is made and entered into as of the 9th day of December, 2014 (the “Effective Date” ), by and among BR Berry Hill Managing Member, LLC, a Delaware limited liability company (“MMI”), BR Berry Hill Managing Member II, LLC, a Delaware limited liability company (“MMII”), Bluerock Special Opportunity + Income Fund III, LLC, a Delaware limited liability company (“SOIF III”) and BEMT Berry Hill, LLC, a Delaware limited liability company (“BEMT”).

REDEMPTION AGREEMENT
Redemption Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS REDEMPTION AGREEMENT (this "Agreement") is hereby made as of December 9, 2014 by and between, BR Berry Hill Managing Member, LLC, a Delaware limited liability company ("Company"), Bluerock Growth Fund, LLC, a Delaware limited liability company ("BRGF"), BEMT Berry Hill, LLC, a Delaware limited liability Company ("BEMT Berry Hill") and Bluerock Special Opportunity + Income Fund, LLC, a Delaware limited liability company ("SOIF III", and collectively with BRGF and SOIF III, the "Members").

REDEMPTION AGREEMENT
Common Agreement • March 4th, 2015 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Delaware

THIS REDEMPTION AGREEMENT (this "Agreement") is hereby made as of December 3, 2014 by and among Bell BR Waterford Crossing JV, LLC, a Delaware limited liability company (the "Company"), BR Waterford JV Member, LLC, a Delaware limited liability company ("Bluerock"), and BR Waterford JV Minority Member, LLC a Delaware limited liability company ("BR Newco"), and Bell HNW Nashville Portfolio, LLC, a North Carolina limited liability company ("Bell" and, together with Bluerock and BR Newco, the "Members").

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