Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 245

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 245
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 committee of our board of directors or another committee
of our board of directors comprised solely of independent directors may, on a case-by-case basis and in their sole discretion, waive
such conflict of interest. Waivers of our code of business conduct and ethics will be required to be disclosed in accordance with NYSE
American and SEC requirements.

<div align='center'>119</div>

Interested Director and Officer Transactions

Pursuant to the MGCL, a contract
or other transaction between us and a director or between us and any other corporation or other entity in which any of our directors
is a director or has a material financial interest is not void or voidable solely on the grounds of such common directorship or interest.
The common directorship or interest, the presence of such director at the meeting of the board or a committee of the board at which the
contract or transaction is authorized, approved or ratified or the counting of the director’s vote in favor thereof will not render
the transaction void or voidable if:

| · | the                                                                                                                                   
 fact of the common directorship or interest is disclosed or known to our board of directors or a committee of our board of directors, 
 and our board of directors or such committee authorizes, approves or ratifies the transaction or contract by the affirmative vote     
 of a majority of disinterested directors, even if the disinterested directors constitute less than a quorum;                          |

| · | the                                                                                                                                 
 fact of the common directorship or interest is disclosed or known to our stockholders entitled to vote thereon, and the transaction 
 is authorized, approved or ratified by a majority of the votes cast by the stockholders entitled to vote, other than the votes of   
 shares owned of record or beneficially by the interested director or corporation or other entity; or                                |

| · | the                                                                                                      
 transaction or contract is fair and reasonable to us at the time it is authorized, ratified or approved. |

We have adopted a policy
that requires that all contracts and transactions between us, our operating partnership or any of our subsidiaries, on the one hand,
and any of our directors or executive officers or any entity in which such director or executive officer is a director or has a direct
or indirect material financial interest, on the other hand, must be considered by our audit committee and approved by the affirmative
vote of a majority of our independent directors.

Lending Policies

We may not make loans to
our directors, officers or other employees except in accordance with our code of business conduct and ethics