Company: BHM
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001104659-25-035097
Chunk: 144

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 144
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 (a).

### ARTICLE XVCHANGE IN CONTROL
**15.01

Time-Based Awards or Performance Awards Not Assumed**

Each award (including a Time-Based Award or a Performance Award) that is outstanding on a Control Change Date and that is not assumed or replaced with a substitute award in accordance with Section 15.02 shall be fully vested, earned or exercisable as of the Control Change Date, provided that the performance objectives in respect of a Performance Award shall be deemed to be achieved at (unless otherwise agreed in connection with the Change in Control) the greater of (a) the applicable target level and (b) the level of achievement of the performance objectives for the award as determined by the Committee taking into account performance through the latest date preceding the Control Change Date (but not later than the end of the applicable performance period).

The Committee, in its discretion and without the need of the consent of a Participant (or a Participant’s transferee of an award), may provide that a Time-Based Award or a Performance Award that becomes vested, earned or exercisable under this Section 15.01 may be cancelled in exchange for a payment. The payment may be in cash, Common Stock or other securities or consideration received by stockholders in the Change in Control transaction. With respect to each Time-Based Award or Performance Award that becomes vested, earned or exercisable under this Section 15.01, the payment shall be an amount that is substantially equal to (i) the amount by which the price per share received by stockholders in the Change in Control for each share of Common Stock exceeds the option price or Initial Value in the case of an Option and SAR or (ii) for each vested share of Common Stock subject to a Stock Award, Performance Unit or Other Equity-Based Award, the price per share received by stockholders for Common Stock and (iii) the value of the other securities or property in which the Performance Unit or Other Equity-Based Award is denominated and vested. Notwithstanding any contrary provision of this Section 15.01, if the option price or Initial Value exceeds the price per share of Common Stock received by stockholders in the Change in Control transaction, the Option or SAR may be cancelled without any payment to the Participant.

**15.02

Assumption of Time-Based Awards and Performance Awards**

The Committee, in its discretion and without the need of a Participant’s consent, may provide that a performance Award that is outstanding on the Control Change Date shall be assumed by, or a substitute award granted by, the Successor Entity (or