Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 395

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 395
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4 2024 Base Salaries”). The issuances of C-LTIP Units in payment of
the Q4 2024 Base Management Fee and the Q4 2024 Base Salaries were made in reliance upon exemptions from registration provided by Section 4(a)(2) of
the Securities Act of 1933 and Regulation D thereunder for transactions not involving any public offering. Each of the Manager and Messrs. Kamfar
and Ruddy has a substantive, pre-existing relationship with the company and is an “accredited investor” as defined in Regulation
D. No general solicitation or advertising occurred in connection with the issuance and sale of these securities. The C-LTIP Units issued
in payment of the Q4 2024 Base Management Fee and the Q4 2024 Base Salaries were fully vested upon issuance, and may convert to OP Units
upon reaching capital account equivalency with the OP Units held by the company, and may then be redeemed for cash or, at the option of
the company and after a one year holding period (including any period during which such C-LTIP Units were held), settled in shares of
the company’s Class A common stock. Each of the Manager and Messrs. Kamfar and Ruddy will be entitled to receive “distribution
equivalents” with respect to such C-LTIP Units at the time distributions are paid to the holders of the company’s Class A
common stock.

Item 34. Indemnification of Directors and Officers

Under Maryland law, a Maryland
corporation may include in its charter a provision eliminating the liability of directors and officers to the corporation and its stockholders
for money damages unless such liability results from (i) actual receipt of an improper benefit or profit in money, property or services
or (ii) 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.

In addition, the Maryland
General Corporation Law (the “MGCL”) requires a corporation (unless its charter provides otherwise, which are 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 allows directors and officers
to be indemnified against judgments, penalties, fines, settlements,