Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 302

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 302
---
 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 of equity securities) between a Maryland corporation and an interested stockholder (defined as any person who beneficially
owns, directly or indirectly, 10% or more of the voting power of the corporation’s then outstanding voting stock after the date
on which the corporation had 100 or more beneficial owners of its stock or an affiliate or associate of the corporation who, at any time
within the two-year period prior to the date in question, was the beneficial owner, directly or indirectly, of 10% or more of the voting
power of the then-outstanding stock of the corporation after the date on which the corporation had 100 or more beneficial owners of its
stock) or an affiliate of such an interested stockholder are prohibited for five years after the most recent date on which the interested
stockholder becomes an interested stockholder. A person is not an interested stockholder under the statute if, prior to the more recent
time at which the person would otherwise have become an interested stockholder, the board of directors approved in advance the transaction
by which the person otherwise would have become an interested stockholder. However, in approving a transaction, the board of directors
may provide that its approval is subject to compliance, at or after the time of approval, with any terms and conditions determined by
the board. After the five-year prohibition, any such business combination must be recommended by the board of directors of such corporation
and approved by the affirmative vote of at least (1) 80%