Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 102

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 102
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 manner of sale and notice provisions of Rule 144 and would be entitled to sell within any three-month period only
that number of securities that does not exceed the greater of either of the following:

    ●
    the average
    weekly trading volume of our common stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect
    to the sale.

12

Additionally,
persons who are our affiliates at the time of, or any time during the three months preceding, a sale may sell unrestricted securities
under the requirements of Rule 144 described above, without regard to the six month holding period of Rule 144, which does not apply
to sales of unrestricted securities.

Unlimited
Resales by Non-Affiliates

Any
person who is not deemed to have been an affiliate of ours at the time of, or at any time during the three months preceding, a sale and
has held the restricted securities for at least one year, including the holding period of any prior owner other than one of our affiliates,
will be entitled to sell an unlimited number of restricted securities without regard to the length of time we have been subject to Exchange
Act periodic reporting or whether we are current in our Exchange Act reporting.

Our
common stock is a “Penny Stock,” and compliance with requirements for dealing in penny stocks may make it difficult for holders
of our common stock to resell their shares.

Our
common stock is currently listed in the public market in what is known as the over-the-counter market and at least for the foreseeable
future, our common stock will be deemed to be a “penny stock” as that term is defined in Rule 3a51-1 under the Securities
Exchange Act of 1934. Rule 15g-2 under the Exchange Act requires broker/dealers dealing in penny stocks to provide potential investors
with a document disclosing the risks of penny stocks and to obtain from these investors a manually signed and dated written acknowledgement
of receipt of the document before effecting a transaction in a penny stock for the investor’s account. Compliance with these requirements
may make it more difficult for holders of our common stock to resell their shares to third Parties or otherwise, which could have a material
adverse effect on the liquidity and market price of our common stock.

Penny
stocks are stocks with a price of less than $5.00 per share unless traded on NASDAQ or a national securities exchange.

Penny
stocks are also stocks, which are issued by companies with