Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 211

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 211
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 experience a change
in control, the administrator may, at its discretion, provide that outstanding awards that are not exercised prior to the change in control
will be assumed by the surviving entity, or will be replaced by a comparable substitute award of substantially equal value granted by
the surviving entity.

Any time-based awards so
assumed or replaced with substitute awards in connection with the Change in Control will vest in accordance with their original terms,
except that any such time-based awards or substitute awards granted under the BHM Individuals Plan automatically become vested in full
if (A) the holder’s employment or service with the company, the successor entity, or an affiliate thereof is terminated
(i) involuntarily without cause or following non-renewal of the holder’s employment agreement or services agreement, (ii) voluntarily
by the holder with good reason, or (iii) on account of the holder’s death or disability, and (B) the holder remained in
the continuous employ or service of the company, the successor entity, or the applicable affiliate thereof from the date of such change
in control until the date of such termination of employment or service.

Any performance-based awards
so assumed or replaced with substitute awards in connection with the change in control will be of the same type of award as the original
performance-based awards, and will have a value, as of the date of such change in control, that is substantially equal to the value of
the original performance-based awards. In addition, such assumed or substituted performance-based awards will continue to vest in accordance
with the terms and conditions of the original performance-based awards being assumed or replaced; provided, that the performance
objectives and measures of the original performance-based awards being assumed or replaced shall be adjusted as the administrator determines
is equitably required. Notwithstanding the preceding sentence (and solely with respect to assumed or substitute awards for performance-based
awards originally granted under the BHM Individuals Plan), if (A) the holder’s employment with the company, the successor
entity, or an affiliate thereof is terminated (i) involuntarily without cause, (ii) following non-renewal of the employment
agreement, if any, between the holder and the company, the successor entity or the applicable affiliate thereof (if the holder
has an employment agreement requiring accelerated vesting in such case), (iii) voluntarily by the holder with good reason, or (iv) on
account of the holder’s death or disability, and (B) the holder remained in the continuous employ