Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 213

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 213
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 be reduced, however, if the participant will receive greater after-tax benefits (taking into account the 20% excise
tax payable by the participant) by receiving the total benefits. The BHM Incentive Plans also provide that these provisions do not apply
to a participant who has an agreement with us providing that the participant cannot receive payments in excess of the safe harbor amount.

Clawback Policy

Any award granted under the
BHM Incentive Plans, and any payment made with respect to any such award, are subject to the condition that we may require such award
to be returned, and any payment made with respect to such award to be repaid, if such action is required under the terms of any Company
recoupment or “clawback” (forfeiture or repayment) policy as in effect on the date the award was granted or if recoupment
is required by any law, rule, requirement or regulation.

Amendment; Termination

Our board of directors may
amend or terminate the BHM Incentive Plans at any time, provided that no amendment may adversely impair the rights of participants under
outstanding awards. Our stockholders must approve any amendment if such approval is required under applicable law or stock exchange requirements.
Our stockholders also must approve, among other things, any amendment that materially increases the benefits accruing to participants
under the BHM Incentive Plans, materially increases the aggregate number of shares of our common stock that may be issued under the BHM
Incentive Plans (other than on account of stock dividends, stock splits, or other changes in capitalization as described above) or materially
modifies the requirements as to eligibility for participation in the BHM Incentive Plans. For the avoidance of doubt, without the approval
of stockholders, our board of directors may not (except on account of stock dividends, stock splits, or other changes in capitalization)
(a) reduce the option price per share of an outstanding option or the exercise price of a stock appreciation right, (b) cancel
an outstanding option or stock appreciation right when the option price or exercise prices applicable exceeds the fair market value of
our common stock or (c) take any other action that may be treated as a repricing of an option or stock appreciation right under the
rules and regulations of the principal exchange on which the common stock is listed for trading. Unless terminated sooner by our
board of directors or extended with stockholder approval, the BHM Incentive Plans