Company: BHM
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001104659-25-035097
Chunk: 93

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 93
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 (by amendment, cancellation and new grant or otherwise) and (b) no payment shall be made in cancellation of an SAR without the approval of stockholders if, on the date of such amendment, cancellation, new grant or payment the Initial Value exceeds Fair Market Value.

1.22

#### LTIP Unit
“ LTIP Unit ” means an “LTIP Unit” as defined in the Operating Partnership’s partnership agreement. An LTIP Unit granted under this Plan represents the right to receive the benefits, payments or other rights in respect of an LTIP Unit set forth in that partnership agreement, subject to the terms and conditions of the applicable Agreement and that partnership agreement.

<div align='center'>A-4</div>

1.23

#### Manager
“ Manager ” means Bluerock Homes Manager, LLC, a Delaware limited liability company.

1.24

#### Nonemployee Director
“ Nonemployee Director ” means a member of the Board who is not an employee of the Company, an Affiliate of the Company, or the Operating Partnership.

1.25

#### Offering
“ Offering ” means the initial public offering of Common Stock registered under the Securities Act of 1933, as amended.

1.26

#### OP Units
“ OP Units ” means units of limited partnership interest of the Operating Partnership.

1.27

#### Operating Partnership
“ Operating Partnership ” means Bluerock Residential Holdings, L.P., a Delaware limited partnership and the Company’s operating partnership.

1.28

#### Option
“ Option ” means a stock option that entitles the holder to purchase from the Company a stated number of shares of Common Stock at the price set forth in an Agreement.

1.29

#### Other Equity-Based Award
“ Other Equity-Based Award ” means any award other than an Incentive Award, an Option, an SAR, a Performance Unit award or a Stock Award which, subject to such terms and conditions as may be prescribed by the Committee, entitles a Participant to receive shares of Common Stock or rights or units valued in whole or in part by reference to, or otherwise based on, shares of Common Stock (including securities convertible into Common Stock) or other equity interests, including LTIP Units.

1.30

#### Participant
“ Participant ” means an employee or officer of the Company or an Affiliate of the Company, a member of the Board, or an individual who provides services to the Company or an Affiliate of the Company (including an individual who provides services to the Company or an Affiliate of the Company by virtue of employment