Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 299

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 299
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, 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 vote, all other stockholders may exercise appraisal rights. The fair value of the shares of stock as determined for purposes of these
appraisal rights may not be less than the highest price per share paid in the control share acquisition. Some of the limitations and
restrictions otherwise applicable to the exercise of dissenters’ rights do not apply in the context of a control share acquisition.

The control share acquisition
statute does not apply to shares of stock acquired in a merger, consolidation or statutory share exchange if the corporation is a party
to the transaction or to acquisitions approved or exempted by the charter or bylaws of the corporation. As permitted by the MGCL, we
have provided in our bylaws that the control share provisions of the MGCL will not apply to any acquisition by any person of shares of
our stock, but our board of directors retains the discretion to change this provision in the future.

Subtitle 8

Subtitle 8 of Title 3 of
the Maryland General Corporation Law, which we refer to as “Subtitle 8,” permits the board of directors of a Maryland corporation
with a class