Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 243

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 243
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and do not have any independent employees. Our executive officers and our directors serve as officers of Bluerock and its affiliates.
As a result, conflicts of interest may arise between our Manager and its affiliates, on the one hand, and us on the other.

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We do not have a policy that
expressly restricts any of our directors, officers, stockholders or affiliates, including our Manager and its officers and employees,
from having a pecuniary interest in an investment in or from conducting, for their own account, business activities of the type we conduct.
However, our code of business conduct and ethics contains a conflicts of interest policy that prohibits our directors, officers and personnel,
as well as employees and officers of our Manager and its affiliates who provide services to us, from engaging in any transaction that
involves an actual conflict of interest with us. Notwithstanding the prohibitions in our code of business conduct and ethics, after considering
the relevant facts and circumstances of any actual conflict of interest, the audit 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.

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