Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 221

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 221
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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 non-renewal.
In the event of such non-renewal, the Termination Fee set forth below would be payable.

Our Manager may decline to
renew the Management Agreement upon 180 days’ notice prior to the end of the term, as renewed, in which case no Termination Fee
would be payable.

Termination for Cause

We may also terminate the
Management Agreement at any time, including during the initial term, without the payment of the Termination Fee, upon 30 days’ prior
written notice for cause, which is defined as:

| · | our Manager,                                                                                                                     
 its agents or assignees breaches any material provision of the Management Agreement and such breach continues for a period of 30 
 days after written notice thereof, subject to a cure period;                                                                     |

| · | there is the                                                                                                                       
 commencement of any proceeding relating to our Manager’s bankruptcy or insolvency, including an order for relief in an involuntary 
 bankruptcy case or our Manager authorizing or filing a voluntary bankruptcy petition;                                              |

| · | there is a                                                                                                                 
 change of control of our Manager which a majority of our independent directors determines is materially detrimental to us; |

| · | our Manager                                                          
 is unable to perform its obligations under the Management Agreement; |

| · | our Manager is dissolved; or |

| · | our Manager                                                                                                                                
 commits fraud against us, misappropriates or embezzles funds of ours, or acts, or fails to act, in a manner constituting gross negligence,