Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 284

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 284
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 directors. Our charter and bylaws provide that the number of directors constituting our board of directors may be increased or
decreased only by a majority vote of our board of directors, provided that the number of directors may not be decreased to fewer than
the minimum number required under the MGCL (which is one).

Subject to the terms of any
class or series of preferred stock then outstanding, any vacancy on our board of directors may be filled only by the vote of a majority
of the remaining directors, even if the remaining directors do not constitute a quorum, and any director elected to fill a vacancy will
serve for the remainder of the full term of the directorship in which the vacancy occurred. Any director may resign at any time and may
be removed only for cause (as defined in our charter), and then only by our stockholders entitled to cast at least a majority of the votes
entitled to be cast generally in the election of directors.

Each director will serve a
term beginning on the date of his or her election and ending on the next annual meeting of the stockholders and when his or her successor
is duly elected and qualifies. Because holders of common stock will have no right to cumulative voting for the election of directors,
at each annual meeting of stockholders, the holders of the shares of common stock with a majority of the voting power of the common stock
will be able to elect all of the directors. Because stockholders will not have cumulative voting rights, the holders of the outstanding
shares of common stock entitled to cast a majority of all the votes entitled to be cast on the matter will be able to elect our entire
board of directors. Directors will be elected by a majority of the votes cast in an uncontested election and by a plurality of the votes
cast in a contested election.

Removal of Directors

Any director may be removed
only for cause, and then only by an affirmative vote of our stockholders entitled to cast at least a majority of the votes entitled to
be cast generally in the election of directors. For these purposes, “cause” will mean, with respect to any particular director,
conviction of a felony or final judgment of a court of competent jurisdiction holding that such director caused demonstrable material
harm to us through bad faith or active and deliberate dishonesty.

Business Combinations

Under the MGCL, certain “business
combinations” (including a merger, consolidation, share exchange or, in certain circumstances, an asset transfer or issuance or
reclassification