Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 221

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 221
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 Manager’s personnel relating to the terms and conditions of their employment by our Manager. Our Manager carries errors
and omissions and other customary insurance naming us and our Operating Partnership as additional insureds.

Management Team

Pursuant to the terms of the
Management Agreement, our Manager will be required to provide us with our management team, including a president, treasurer and secretary,
along with appropriate support personnel, to provide the management services to be provided by our Manager to us. None of the officers
or employees of our Manager or its affiliates will be dedicated exclusively to us.

Our Manager will be required
to refrain from any action that, in its sole judgment made in good faith, (1) is not in compliance with the investment guidelines,
(2) would adversely and materially affect our qualification as a REIT or the Operating Partnership as a partnership under the Code
or our status as an entity exempted or excluded from investment company status under the Investment Company Act or (3) would conflict
with or violate any law, rule or regulation of any governmental body or agency having jurisdiction over us or of any securities exchange
on which our securities are listed or our charter or bylaws. If our Manager is ordered to take any action by our board of directors, our
Manager will promptly notify the board of directors if it is our Manager’s judgment that such action would adversely and materially
affect such status or conflict with or violate any such law, rule or regulation or our charter or bylaws.

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Term

The current term of the Management
Agreement expires on October 6, 2025 and will be automatically renewed for a one-year term each year on October 6, unless earlier
terminated or not renewed as described below. We may decline to renew the Management Agreement upon the affirmative vote of at least two-thirds
of our independent directors that (1) there has been unsatisfactory performance by our Manager that is materially detrimental to
us or (2) the Base Management Fee and Incentive Fee (each as defined below) payable to our Manager are not, taken as a whole, in
accordance with then-current market rates charged by asset management companies rendering services similar to those rendered by our Manager,
subject to our Manager’s right to prevent such non-renewal by accepting a reduction of the fees agreed to by at least two-thirds
of our independent directors. We must provide 180 days’ notice prior to the end of the term, as renewed, of any such