Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 317

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 317
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 event of a conflict between the interests of our stockholders on the one hand, and the
limited partners of our Operating Partnership on the other hand, we as the general partner will endeavor in good faith to resolve the
conflict in a manner not adverse to either our stockholders or the limited partners; provided, however, that so long as we own a controlling
interest in our Operating Partnership, any such conflict that we, in our capacity as the general partner, in our sole and absolute discretion,
determine cannot be resolved in a manner not adverse to either our stockholders or the limited partners of our Operating Partnership will
be resolved in favor of our stockholders, and that we will not be liable for monetary damages for losses sustained, liabilities incurred
or benefits not derived by the limited partners in connection with such decisions.

No Removal of the General Partner

We may not be removed as general partner by the
limited partners with or without cause.

Registration Rights

Pursuant to the terms of our
partnership agreement, one year after the Distribution and subject to certain further conditions as set forth in the partnership agreement,
we will be obligated to file a registration statement covering the issuance or resale of shares of common stock received by limited partners
who held their Partnership Units as of the date of the partnership agreement (including their transferees and assigns) upon such limited
partners’ redemption of their OP Units, under which we will agree:

| · | to use our commercially reasonable efforts to have the registration statement declared effective; |

| · | to register or qualify such shares under the securities or blue sky laws of such jurisdictions within the United States as required by law; |

| · | to list our shares of common stock issued pursuant to the exercise of redemption rights on any securities exchange or national market system upon which our shares of common stock are then listed; and |

| · | to indemnify limited partners exercising redemption rights against all losses caused by any untrue statement of a material fact contained in the registration statement, preliminary prospectus or prospectus or caused by any omission to state a material fact required to be stated or necessary to make the statements therein not misleading, except insofar as such losses are caused by any untrue statement or omission based upon information furnished to us by such limited partners. |

As a condition to our obligations with respect
to such registration, each limited partner will agree:

| · | that it will not offer or sell shares of common stock that are issued upon redemption of its OP Units until such shares have been included in an effective