Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 397

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 397
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 did not meet the prescribed
standard of conduct or was adjudged liable on the basis that personal benefit was improperly received; however, indemnification for an
adverse judgment in a suit by the corporation or on its behalf, or for a judgment of liability on the basis that personal benefit was
improperly received, is limited to expenses.

<div align='center'>II-6</div>

The MGCL permits a Maryland corporation to advance
reasonable expenses to a director or officer upon receipt of a written affirmation by the director or officer of his or her good faith
belief that he or she has met the standard of conduct necessary for indemnification and a written undertaking by him or her or on his
or her behalf to repay the amount paid or reimbursed if it is ultimately determined that the standard of conduct was not met.

Our charter requires us to indemnify and, without
requiring a preliminary determination of the ultimate entitlement to indemnification, pay or reimburse reasonable expenses in advance
of final disposition of a proceeding to our directors and our officers (including any director or officer who is or was serving at the
request of our company as a director, officer, partner, member, manager or trustee of another corporation, real estate investment trust,
partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise) and to any external manager acting
as an agent of the company. In addition, our charter permits us, with the approval of our board of directors, to provide such indemnification
and advance of expenses to any individual who served a predecessor of us in any of the capacities described above and to any employee
or agent of us or a predecessor of us.

We have entered into indemnification agreements
with each of our directors and our executive officers. The indemnification agreements require, among other things, that we indemnify such
persons to the maximum extent permitted by law, and advance to such persons all related expenses, subject to reimbursement if it is subsequently
determined that indemnification is not permitted.

Item 35. Treatment of Proceeds from Stock Being Registered

None.

Item 36. Financial Statements and Exhibits

(a)Financial Statements. The following
financial statements are incorporated into the prospectus and this registration statement by reference:

| (1) | The audited consolidated financial statements of the company included in the company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 20, 2025. |

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