Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 18

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 18
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 directors of the corporation to call a special meeting of stockholders to be held within 50
days of demand to consider the voting rights of the shares. The right to compel the calling of a special meeting is subject to the satisfaction
of certain conditions, including an undertaking to pay the expenses of the meeting. If no request for a meeting is made, the corporation
may itself present the question at any stockholders meeting.

If voting rights are not approved at the meeting
or if the acquiring person does not deliver an acquiring person statement as required by the statute, then the corporation may redeem
for fair value any or all of the control shares, except those for which voting rights have previously been approved. The right of the
corporation to redeem control shares is subject to certain conditions and limitations. Fair value is determined, without regard to the
absence of voting rights for the control shares, as of the date of the last control share acquisition by the acquirer or of any meeting
of stockholders at which the voting rights of the shares are considered and not approved. If voting rights for control shares are approved
at a stockholders meeting and the acquirer becomes entitled to vote a majority of the shares entitled to vote, all other stockholders
may exercise appraisal rights. The fair value of the shares as determined for purposes of appraisal rights may not be less than the highest
price per share paid by the acquirer in the control share acquisition.

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The Maryland Control Share Acquisition Act does
not apply to:

| · | shares acquired in a merger, consolidation or share exchange if the corporation is a party to the transaction; or |

| · | acquisitions approved or exempted by the charter or bylaws of the corporation. |

Our bylaws currently contain a provision exempting
from the Maryland Control Share Acquisition Act any acquisitions of shares of our stock by any person. However, our board of directors
or our stockholders may amend our bylaws in the future to repeal or modify this exemption, in which case any of our control shares acquired
in a control share acquisition could be subject to the Maryland Control Share Acquisition Act.

Unsolicited Takeovers

Under certain provisions of Maryland law described
in part above under “Board of Directors - Number; Vacancies,” relating to unsolicited takeovers, a Maryland corporation with
a class of equity securities registered under the Securities Exchange Act of 1934, as amended, and at least three independent directors
may elect to be subject to certain statutory