PREFERRED CAPITAL SECURITIES, LLC FORM OF DEALER MANAGER AGREEMENTDealer Manager Agreement • August 12th, 2016 • Preferred Apartment Communities Inc • Real estate investment trusts • New York
Preferred Apartment Communities, Inc. (the “Company”) is a Maryland corporation that qualified to be taxed as a real estate investment trust (a “REIT”) for federal income tax purposes beginning with the taxable year ended December 31, 2011. The Company proposes to offer up to 2,000,000 shares (the "Offering") of Series A Redeemable Preferred Stock, par value $0.01 per share (“Series A Redeemable Preferred Stock”), and warrants (the “Warrants”) to purchase a maximum of 40,000,000 shares of the Company’s common stock. The offering also covers the shares of common stock that are issuable from time to time upon exercise of the Warrants and that may be issuable upon redemption of the Series A Redeemable Preferred Stock. The Series A Redeemable Preferred Stock and the Warrants will be sold in units (“Units”), with each Unit consisting of (i) one share of Series A Redeemable Preferred Stock with an initial stated value of $1,000 per share, and (ii) one Warrant to purchase 20 shares of common
FORM OF SOLICITING DEALER AGREEMENT WITH PREFERRED CAPITAL SECURITIES, LLCSoliciting Dealer Agreement • August 12th, 2016 • Preferred Apartment Communities Inc • Real estate investment trusts
Preferred Capital Securities, LLC (the “Dealer Manager”) entered into a dealer manager agreement, dated as of ____________, 2016 (the “Dealer Manager Agreement”), with Preferred Apartment Communities, Inc., a Maryland corporation (the “Company”), under which the Dealer Manager agreed to use its best efforts to solicit subscriptions in connection with the public offering (the “Offering”) for up to 2,000,000 shares of the Company’s Series A Redeemable Preferred Stock, par value $0.01 per share, referred to as Series A Redeemable Preferred Stock, and warrants, referred to as the Warrants, to purchase a maximum of 40,000,000 shares of the Company’s common stock in this offering. The Offering also covers the shares of common stock that are issuable from time to time upon exercise of the Warrants and that may be issuable upon redemption of the Series A Redeemable Preferred Stock. The Series A Redeemable Preferred Stock and the Warrants will be sold in units, or Units, with each Unit consisti
