Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 307

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 307
---
 votes entitled
to be cast on the matter. Shares of common stock owned by the acquirer, by officers or by employees who are directors of the corporation
are not entitled to vote on the matter. “Control shares” are voting shares of stock which, if aggregated with all other shares
of stock owned by the acquirer or with respect to which the acquirer has the right to vote or to direct the voting of, other than solely
by virtue of a revocable proxy, would entitle the acquirer to exercise voting power in electing directors within one of the following
ranges of voting powers:

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

| · | One-third or more but less 
 than a majority; or        |

| · | A majority or more of all 
 voting power.             |

<div align='center'>187</div>

Control shares do not include
shares of stock the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval or shares
acquired directly from the corporation. Except as otherwise specified in the statute, a “control share acquisition” means
the acquisition of issued and outstanding control shares. Once a person who has made or proposes to make a control share acquisition
has undertaken to pay expenses and has satisfied other required conditions, the person may compel our board of directors to call a special
meeting of stockholders to be held within 50 days of demand to consider the voting rights of the shares of stock. If no request for a
meeting is made, the corporation may itself present the question at any stockholders meeting. If voting rights are not approved for the
control shares at the meeting or if the acquiring person does not deliver an “acquiring person statement” for the control
shares as required by the statute, the corporation may redeem any or all of the control shares for their fair value, except for control
shares for which voting rights have previously been approved. Fair value is to be determined for this purpose without regard to the absence
of voting rights for the control shares, and is to be determined as of the date of any meeting of stockholders at which the voting rights
for control shares are considered and not approved, or, if no such meeting is held, as of the date of the last control share acquisition
by the acquirer.

If voting rights for control
shares are approved at a stockholders’ meeting and the acquirer becomes entitled to vote a majority of the shares of stock entitled
to