Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 10

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 10
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 in control. See “Certain Provisions
of Maryland Law and our Charter and Bylaws.”

In order for us to maintain our REIT qualification
under the Code, not more than 50% in value of our outstanding capital stock may be owned, directly or indirectly, by five or fewer individuals
(including certain entities treated as individuals for these purposes) during the last half of a taxable year, and at least 100 persons
must beneficially own our outstanding capital stock for at least 335 days per 12 month taxable year. To help ensure that we meet
these tests, our charter provides that no holder may beneficially own or be deemed to beneficially own by virtue of the attribution rules of
the Code, more than 9.8% of our issued and outstanding capital stock. Our board of directors may waive this ownership limit if it
receives evidence that ownership in excess of the limit will not jeopardize our REIT status under the Code.

The ownership limitations and restrictions on transfer
will not apply if our board of directors determines that it is no longer in our best interest to attempt to qualify, or to continue to
qualify, as a REIT under the Code.

All certificates representing shares of our common
stock and preferred stock will bear a legend referring to the restrictions described above.

If you beneficially own more than 5% of our outstanding
capital stock, you must file a written response to our request for stock ownership information, which we will mail to you no later than
January 30th of each year. This notice should contain your name and address, the number of shares of each class or series of
stock you beneficially own and a description of how you hold the shares. In addition, you must disclose to us in writing any additional
information we request in order to determine the effect of your ownership of such shares on our status as a REIT under the Code.

These ownership limitations could have the effect
of precluding a third party from obtaining control over us unless our board of directors and our stockholders determine that maintaining
REIT status is no longer desirable.

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Operating Partnership Agreement

The partnership agreement of Veris Residential,
L.P. requires that the consent of the holders of at least 85% of Veris Residential, L.P.’s partnership units is required:

| · | to merge (or permit the merger of) Veris Residential, L.P. with another unrelated entity, unless Veris Residential, L.P.