Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 205

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 205
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 our board of directors,
will be eligible to receive grants under the BHM Individuals Plan. In addition, individuals who provide significant services to us or
an affiliate, including individuals who provide services to us or an affiliate by virtue of employment with, or providing services to,
our Operating Partnership or Manager, will be eligible to receive grants under the BHM Individuals Plan. An entity that provides significant
services to us or an affiliate will be eligible to receive grants under the BHM Entities Plan.

Limitation of Awards to Non-Employee Directors

Under the BHM Incentive
Plans, no non-employee director may be granted during any calendar year awards with respect to more than 40,000 shares of our common
stock.

Share Authorization

The aggregate number of
shares of our common stock authorized for issuance under the BHM Incentive Plans is 4,022,109, with (i) 1,625,000 shares available
for issuance under the BHM Incentive Plans, and (ii) 2,397,109 shares subject to awards granted under the Bluerock Residential Growth
REIT, Inc. Amended and Restated 2014 Equity Incentive Plan for Individuals and the Bluerock Residential Growth REIT, Inc. Amended
and Restated 2014 Equity Incentive Plan for Entities (together, the “Prior Plans”) that may become available for issuance
or reissuance, as applicable, under the BHM Incentive Plans if such awards are forfeited, canceled or otherwise terminated (other than
by exercise).

In connection with stock
splits, dividends, recapitalizations and certain other events, our board of directors will make equitable adjustments that it deems appropriate
in the aggregate number of shares of our common stock that may be issued under the BHM Incentive Plans, the individual grant limit for
Nonemployee Directors described below, and the terms of outstanding awards.

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If any options or stock
appreciation rights terminate, expire or are canceled, forfeited, exchanged or surrendered without having been exercised or are paid
in cash without delivery of common stock or if any stock awards, performance units or other equity-based awards are forfeited, the shares
of our common stock subject to such awards will again be available for purposes of the BHM Incentive Plans. Shares of our common stock
tendered or withheld to satisfy the exercise price of an award or for tax withholding