Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 309

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 309
---
REIT Qualification

Our charter provides that
our board of directors may revoke or otherwise terminate our REIT election, without approval of our stockholders, if it determines that
it is no longer in our best interests to continue to qualify as a REIT.

Effects of Certain Provisions of Maryland Law and of Our Charter and Bylaws

Our charter and bylaws contain
certain provisions that could make it more difficult to acquire control of the company by means of a tender offer, a proxy contest or
otherwise. These provisions are expected to discourage certain types of coercive takeover practices and inadequate takeover bids and
to encourage persons seeking to acquire control of the company to negotiate first with our board of directors. We believe that these
provisions increase the likelihood that proposals initially will be on more attractive terms than would be the case in their absence
and facilitate negotiations that may result in improvement of the terms of an initial offer that might involve a premium price for our
capital stock or otherwise be in the best interest of our stockholders.

Indemnification and Limitation of Directors’ and Officers’
Liability

The MGCL permits us to include
in our charter a provision eliminating the liability of our directors and officers to us and our stockholders for money damages, except
for liability resulting from (1) actual receipt of an improper benefit or profit in money, property or services, or (2) active
and deliberate dishonesty established by a final judgment and which is material to the cause of action. Our charter contains such a provision
eliminating such liability to the maximum extent permitted by Maryland law.

The MGCL requires a corporation
(unless its charter provides otherwise, which our charter does not) to indemnify a director or officer who has been successful, on the
merits or otherwise, in the defense of any proceeding to which he or she is made or threatened to be made a party by reason of his or
her service in that capacity and permits a corporation to indemnify its present and former directors and officers, among others, against
judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to or in
which they may be made or threatened to be made a party or witness by reason of their service in those or other capacities unless it
is established that:

| · | the act or                                                                                                                      
 omission of the director or officer was material to the matter giving rise to the proceeding and (1) was committed in bad faith 
 or (2) was