Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 286

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 286
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 (individually or collectively) becoming the direct or indirect beneficial owner of our common equity representing more than 50% of the total voting power of all outstanding shares of Voting Stock; |

| · | consummation of any share exchange, consolidation or merger of our company or any other transaction or series of transactions pursuant to which our common stock will be converted into cash, securities or other property, (1) other than any such transaction where the shares of our common stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the common stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction, and (2) expressly excluding any such transaction preceded by our company’s acquisition of the capital stock of another company for cash, securities or other property, whether directly or indirectly through one of our subsidiaries, as a precursor to such transaction; or |

| · | Continuing Directors cease to constitute at least a majority of our board of directors. |

For purposes of the Series B
Redeemable Preferred Stock, “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.

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 B Redeemable Preferred
Stock, the holders of shares of Series B 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 of payment, pari passu with the holders of shares of any other class or series of our capital stock ranking on parity
with the Series B Redeemable Preferred Stock, including the Series A Redeem