Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 221

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 221
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 be imposed from time to time by the board of directors; |

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| · | using commercially reasonable efforts to cause expenses incurred by us or on our company’s behalf to be commercially reasonable or commercially customary and within any budgeted parameters or expense guidelines set by the board of directors from time to time; |

| · | serving as our consultant with respect to decisions regarding any of its financings, hedging activities, borrowings or joint venture arrangements undertaken by us, including (i) assisting us in developing criteria for debt and equity financing that is specifically tailored to our investment objectives, and (ii) advising us with respect to obtaining appropriate financing for our investments; |

| · | arranging marketing materials, advertising, industry group activities (such as conference participations and industry organization memberships) and other promotional efforts designed to promote our business; |

| · | performing such other services as may be required from time to time for management and other activities relating to our assets and business as our board of directors shall reasonably request or our Manager shall deem appropriate under the particular circumstances; and |

| · | using commercially reasonable efforts to cause us to comply with all applicable laws. |

Liability and Indemnification

Pursuant to the Management
Agreement, our Manager will not assume any responsibility other than to render the services called for thereunder in good faith and will
not be responsible for any action of our board of directors in following or declining to follow its advice or recommendations. Our Manager
maintains a contractual as opposed to a fiduciary relationship with us (however, to the extent that officers of our Manager also serve
as our officers, such officers will owe us duties under Maryland law in their capacity as our officers, which may include the duty to
exercise reasonable care in the performance of such officers’ responsibilities, as well as the duties of loyalty, good faith and
candid disclosure). Under the terms of the Management Agreement, our Manager, its officers, members, managers, directors, personnel, affiliates
and any person providing sub-advisory services to our Manager will not be liable to us, our stockholders, partners, members or other holders
of equity interests of us for acts or omissions performed in accordance with and pursuant to the Management Agreement, except because
of acts or omissions constituting bad faith, willful misconduct, gross negligence, or reckless disregard of their duties under the Management
Agreement as determined by a final non-appealable order of a court of competent