Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 285

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 285
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 any, to and including the redemption date, without interest.

The holders of Series B
Redeemable Preferred Stock at the close of business on a dividend record date will be entitled to receive the dividend payable with respect
to the Series B Redeemable Preferred Stock on the corresponding payment date notwithstanding the redemption of the Series B
Redeemable Preferred Stock between such record date and the corresponding payment date or our default in the payment of the dividend due.
Except as provided above, we will make no payment or allowance for unpaid cash dividends, whether or not in arrears, on Series B
Redeemable Preferred Stock for which redemption notice has been given.

For purposes of the Series B
Redeemable Preferred Stock, “Change of Control” is when, after the original issuance of the Series B Redeemable Preferred
Stock, any of the following has occurred and is continuing:

| · | a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than our company, its subsidiaries, and its and their employee benefit plans, has become the direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of our common equity representing more than 50% of the total voting power of all outstanding shares of our common equity that are entitled to vote generally in the election of directors (“Voting Stock”); provided, that notwithstanding the foregoing, such a transaction will not be deemed to involve a Change of Control if  (A) (i) we become a direct or indirect wholly-owned subsidiary of a holding company and (ii) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of our Voting Stock immediately prior to that transaction, or (B) immediately prior to such transaction, such person or group, together with its or their related entities, including, without limitation, any trust established for the benefit of such person or any member of such group or any family member thereof (collectively, an “Ownership Group”), owned sufficient interests in the Operating Partnership such that the exercise by all or any members of such Ownership Group of the Common Unit Redemption Right (as defined in Section 8.04(a) of the Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as amended) with respect to such interests would result in all or any members of such Ownership Group