Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 301

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 301
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 advance of a final disposition
of the proceeding upon its receipt of a written affirmation by the indemnitee of the indemnitee’s good faith belief that the standard
of conduct necessary for indemnification has been met and a written undertaking by or on behalf of the indemnitee to repay any amounts
paid or advanced if it is ultimately determined that the indemnitee did not meet the standard of conduct for indemnification.

Pursuant to the partnership
agreement, the limited partners of our Operating Partnership expressly acknowledge that as the general partner of our Operating Partnership,
we are acting for the benefit of our Operating Partnership, the limited partners and our stockholders collectively, and that in such capacity
we are under no obligation to consider the separate interests of the limited partners (including, without limitation, the tax consequences
to some or all of the limited partners) in deciding whether to cause our Operating Partnership to take, or decline to take, any actions.
The partnership agreement provides that in the 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