Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 17

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 17
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 voting group; and                                                                                                                     |

<div align='center'>10</div>

| · | two-thirds of the votes entitled to be cast by holders of voting stock of the corporation other than voting stock held by the interested        
 stockholder with whom or with whose affiliate the business combination is to be effected or held by an affiliate or associate of the interested 
 stockholder.                                                                                                                                    |

These super-majority vote requirements do not apply
if the corporation’s common stockholders receive a minimum price, as defined under the Maryland Business Combination Act, for their
shares in the form of cash or other consideration in the same form as previously paid by the interested stockholder for its shares.

The statute permits various exemptions from its
provisions, including business combinations with an interested stockholder that are exempted by the board of directors before the time
that the interested stockholder becomes an interested stockholder. Our board of directors has exempted from the Maryland Business Combination
Act, business combinations between certain affiliated individuals and entities and us. However, unless our board of directors adopts further
exemptions, the provisions of the Maryland Business Combination Act will be applicable to business combinations between other persons
and us.

Maryland Control Share Acquisition Act

The Maryland Control Share Acquisition Act provides
that control shares of a Maryland corporation acquired in a control share acquisition have no voting rights except to the extent approved
by a vote of two-thirds of the votes entitled to be cast on the matter. Shares owned by the acquiring person, by officers or by
directors who are employees of the corporation are excluded from shares entitled to vote on the matter. Control shares are voting
shares of stock which, if aggregated with all other shares of stock owned by the acquiring person or in respect of which the acquiring
person is able to exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would entitle the acquiring
person to exercise voting power in electing directors within one of the following ranges of voting power:

| · | one-tenth or more but less than one-third; |

| · | one-third or more but less than a majority; or |

| · | a majority or more of all voting power. |

Control shares do not include shares the acquiring
person is then entitled to vote as a result of having previously obtained stockholder approval. A control share acquisition means the
acquisition of control shares, subject to certain exceptions.

A person who has made or proposes to make a control
share acquisition may compel the board of