Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 271

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 271
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 | that                                                                                                                                  
 payment of the redemption price and an amount equal to any accrued but unpaid dividends will be made upon book entry transfer of such 
 Series A Redeemable Preferred Stock in compliance with DTC’s procedures; and                                                          |

| · | that                                                                                                                             
 the Series A Redeemable Preferred Stock is being redeemed pursuant to our mandatory redemption in connection with the occurrence 
 of a Change of Control and a brief description of the transaction or transactions constituting such Change of Control.           |

If we (i) have given
a notice of redemption, (ii) have set apart sufficient funds for the redemption in trust for the benefit of the holders of the Series A
Redeemable Preferred Stock called for redemption and (iii) have given irrevocable instructions to pay the redemption price, then
from and after the redemption date, those shares of Series A Redeemable Preferred Stock will be treated as no longer being outstanding,
no further dividends will accrue and all other rights of the holders of those shares of Series A Redeemable Preferred Stock will
terminate. The holders of those shares of Series A Redeemable Preferred Stock will retain their right to receive the redemption
price for their shares and an amount equal to all accrued but unpaid cash dividends, if any, to and including the redemption date, without
interest.

The holders of Series A
Redeemable Preferred Stock at the close of business on a dividend record date will be entitled to receive the dividend payable with respect
to the Series A Redeemable Preferred Stock on the corresponding payment date notwithstanding the redemption of the Series A
Redeemable Preferred Stock between such record date and the corresponding payment date or our default in the payment of the dividend
due. Except as provided above, we will make no payment or allowance for unpaid cash dividends, whether or not in arrears, on Series A
Redeemable Preferred Stock for which redemption notice has been given.

For purposes of the Series A
Redeemable Preferred Stock, “Change of Control” is when, after the original issuance of the Series A Redeemable Preferred
Stock, any of the following has occurred and is continuing:

| · | a                                                                                                                                             
 “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as                                            
 amended (the “Exchange Act”), other than our company, its subsidiaries, and its and their employee benefit plans, has become                  
 the direct or indirect “beneficial owner,” as