Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 273

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 273
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 “Continuing Director” means a director who either was a member of our board of directors on October 6,
2022 or becomes a member of our board of directors subsequent to that date and whose appointment, election or nomination for election
by our stockholders was duly approved by a majority of the Continuing Directors on our board of directors at the time of such approval,
either by a specific vote or by approval of the proxy statement issued by our company on behalf of our board of directors in which such
individual is named as nominee for director.

Safeguard Policy.On
February 6, 2025, we implemented a new Series A Redeemable Preferred Stock Redemption Safeguard Policy (the “Safeguard
Policy”) with respect to our Series A Redeemable Preferred Stock. The Safeguard Policy is applicable in the event of any redemption
of shares of Series A Redeemable Preferred Stock in shares of our Class A common stock rather than in cash (each, a “Series A
Preferred Redemption in Common Stock”). The Safeguard Policy provides that if, within 10 business days of any such Series A
Preferred Redemption in Common Stock, any such shares of Class A common stock are sold at a loss (i.e. a lower price than the
Aggregate Redemption Value), the holder can apply to us for a cash payment to the holder in an amount equal to the difference between
(i) the Aggregate Redemption Value of the Class A common stock so issued, and (ii) the Aggregate Sale Price at which such
shares of Class A common stock were sold, subject to certain conditions and requirements as set forth in the Safeguard Policy. The
Safeguard Policy applies both retroactively, and on a go-forward basis, to holders of our Series A Redeemable Preferred Stock.

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Liquidation Preference.
Upon any voluntary or involuntary liquidation, dissolution or winding-up of our affairs, before any distribution or payment is made to
holders of our common stock or any other class or series of capital stock ranking junior to our shares of Series A Redeemable Preferred
Stock, the holders of shares of Series A Redeemable Preferred Stock will be entitled to be paid out of our assets legally available
for distribution to our stockholders, after payment or provision for our debts and other liabilities, a liquidation preference equal to
the Stated Value per share, plus an amount equal to any accrued but unpaid cash dividends (whether or not authorized or declared) to and
including the date