Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 285

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 285
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or with whose affiliate) the business combination
is to be effected or held by an affiliate or associate of the interested stockholder, voting together as a single group, unless an exemption
under the MGCL applies. These provisions of the MGCL do not apply, however, to business combinations that are approved or exempted by
a board of directors prior to the time that the interested stockholder becomes an interested stockholder.

Pursuant to the statute, our
board of directors has exempted any business combination involving us and any person, provided that the business combination is first
approved by our board of directors, in which case, the five-year prohibition and the super-majority vote requirements will not apply to
business combinations between us and any person. However, such resolution can be altered or repealed, in whole or in part, at any time
by our board of directors. As a result, any person may be able to enter into business combinations with us that may not be in the best
interest of our stockholders without compliance by our company with the super-majority vote requirements and the other provisions of the
statute.

<div align='center'>141</div>

Control Share Acquisitions

The MGCL provides that a holder
of “control shares” of a Maryland corporation acquired in a “control share acquisition” has no voting rights with
respect to such shares except to the extent approved at a special meeting by the affirmative vote of stockholders entitled to cast two-thirds
of the votes entitled to be cast on the matter, excluding shares of stock in a corporation in respect of which any of the following persons
is entitled to exercise or direct the exercise of the voting power of shares of stock of the corporation in the election of directors:

| · | a person who makes                               
 or proposes to make a control share acquisition; |

| · | an officer of the 
 corporation; or   |

| · | an employee of the                                     
 corporation who is also a director of the corporation. |

“Control shares” are voting shares of stock which, if aggregated with all other such shares of stock previously acquired by the acquiror or in respect of which the acquiror is able to exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would entitle the acquiror to exercise voting power in electing directors within one of the following ranges of voting power:

| · | one-tenth or more,       
 but less than one-third; |

| · | one-third or more