Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 269

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 269
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on the close of business on the business day before the purported transfer of such shares. We will designate the trustee, but it will
not be affiliated with our company. The beneficiary of the trust will be one or more charitable organizations that are named by our company.
If the transfer to the trust would not be effective for any reason to prevent a violation of the limitations on ownership and transfer,
then the transfer of that number of shares that otherwise would cause the violation will be null and void, with the intended transferee
acquiring no rights in such shares.

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Shares-in-trust will remain
shares of issued and outstanding capital stock and will be entitled to the same rights and privileges as all other stock of the same
class or series, but the intended transferee will acquire no rights in those shares. The trustee will receive all dividends and other
distributions on the shares-in-trust and will hold such dividends or other distributions in trust for the benefit of the beneficiary.
Any dividend or other distribution paid prior to our discovery that shares of stock have been transferred to the trustee will be paid
by the recipient to the trustee upon demand. Any dividend or other distribution authorized but unpaid will be paid when due to the trustee.
The trustee will vote all shares-in-trust and, subject to Maryland law, effective as of the date that the shares-in-trust were transferred
to the trustee, the trustee will have the authority to rescind as void any vote cast by the proposed transferee prior to our discovery
that the shares have been transferred to the trust and to recast the vote in accordance with the desires of the trustee acting for the
benefit of the beneficiary. However, if we have already taken irreversible corporate action, then the trustee will not have the authority
to rescind and recast the vote.

As soon as reasonably practicable
after receiving notice from us that shares of our stock have been transferred to the trust (and no later than 20 days after receiving
notice in the case of shares of Series B Redeemable Preferred Stock that are listed or admitted to trading on a national securities
exchange), the trustee will sell the shares to a person designated by the trustee whose ownership of the shares will not violate the
above ownership limitations. Upon the sale, the interest of the beneficiary in the shares sold will terminate and the trustee will distribute
the net proceeds of the sale to the record holder of the shares that are designated as shares-in-trust (the “Prohibited Owner”