Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 287

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 287
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 the corporation may redeem any or all of the control shares (except those for which voting rights
have previously been approved) for fair value determined without regard to the absence of voting rights for the control shares, as of
the date of any meeting of stockholders at which the voting rights of such shares are considered and not approved, or, if no such meeting
is held, as of the date of the last control share acquisition by the acquiror. If voting rights for control shares are approved at a stockholders
meeting and the acquiror becomes entitled to vote a majority of the shares entitled to vote, all other stockholders may exercise appraisal
rights. The fair value of the shares as determined for purposes of such appraisal rights may not be less than the highest price per share
paid by the acquiror in the control share acquisition.

The control share acquisition
statute does not apply to (1) shares acquired in a merger, consolidation or share exchange if the corporation is a party to the transaction,
or (2) acquisitions approved or exempted by the charter or bylaws of the corporation.

Our bylaws contain a provision
exempting from the control share acquisition statute any and all acquisitions by any person of our stock. We cannot assure you that such
provision will not be amended or eliminated at any time in the future.

Subtitle 8

Subtitle 8 of Title 3 of the
MGCL permits a Maryland corporation with a class of equity securities registered under the Exchange Act and at least three independent
directors to elect to be subject, by provision in its charter or bylaws or a resolution of its board of directors and notwithstanding
any contrary provision in the charter or bylaws, to any or all of the following five provisions:

| · | a classified board; |

| · | a two-thirds vote                    
 requirement for removing a director; |

| · | a requirement that                                              
 the number of directors be fixed only by vote of the directors; |

| · | a                                                                                                                                            
 requirement that a vacancy on the board be filled only by the remaining directors and for the remainder of the full term of the directorship 
 in which the vacancy occurred; and                                                                                                           |

| · | a majority requirement                                                      
 for the calling of a stockholder-requested special meeting of stockholders. |

We have elected to be subject
to the provisions of Subtitle 8 that require that vacancies on our board of directors may be filled only by the remaining directors and
that any director elected by the board of directors