Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 312

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 312
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 vote requirements and the other provisions
of the statute.

Control Share Acquisitions

The MGCL provides that a
holder of “control shares” of a Maryland corporation acquired in a “control share acquisition” has no voting
rights with respect to such shares except to the extent approved at a special meeting by the affirmative vote of stockholders entitled
to cast two-thirds of the votes entitled to be cast on the matter, excluding shares of stock in a corporation in respect of which any
of the following persons is entitled to exercise or direct the exercise of the voting power of shares of stock of the corporation in
the election of directors:

| · | a person who makes or proposes to make a control share 
 acquisition;                                           |

| · | an officer of the corporation; or |

| · | an employee of the corporation who is also a director 
 of the corporation.                                   |

“Control shares”
are voting shares of stock which, if aggregated with all other such shares of stock previously acquired by the acquiror or in respect
of which the acquiror is able to exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would
entitle the acquiror directly or indirectly to exercise or direct the exercise of the voting power in electing directors within one of
the following ranges of voting power:

| · | one-tenth or more, but less than one-third; |

| · | one-third or more, 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, directly or indirectly, by a person,
of ownership of, or the power to direct the exercise of voting power with respect to, 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.

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If voting rights are not
approved at the meeting or if the acquiring person does