Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 286

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 286
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,           
 but less than a majority; or |

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

Control shares do not include
shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval or shares acquired
directly from the corporation. A “control share acquisition” means the acquisition of issued and outstanding control shares,
subject to certain exceptions.

A person who has made or proposes
to make a control share acquisition, upon satisfaction of certain conditions (including an undertaking to pay expenses), 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. 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
at the meeting or if the acquiring person does not deliver an acquiring person statement as required by the statute, then, subject to
certain conditions and limitations, the corporation may redeem any or all of the control shares (except those for which voting rights
have previously been approved) for fair value determined without regard to the absence of voting rights for the control shares, as of
the date of any meeting of stockholders at which the voting rights of such 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 acquiror. If voting rights for control shares are approved at a stockholders
meeting and the acquiror becomes entitled to vote a majority of the shares entitled to vote, all other stockholders may exercise appraisal
rights. The fair value of the shares as determined for purposes of such appraisal rights may not be less than the highest price per share
paid by the acquiror in the control share acquisition.

The control share acquisition
statute does not apply to (1) shares acquired in a merger, consolidation or share exchange if the corporation is a party to the transaction,
or (2) acquisitions approved or exempted by the charter or bylaws of the corporation.

Our bylaws contain a provision
exempting from the control share acquisition statute any and all acquisitions by any person of our stock. We cannot assure you that such
provision will not be amended or eliminated at any time in the future.

Subtitle 8

Subtitle 8 of Title 3 of the
MGCL permits a Maryland corporation with a class of equity securities registered under the Exchange Act and at least three independent