Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 202

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 202
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In such event, under the terms
of the policy, our board of directors or the compensation committee will determine whether, within three (3) completed fiscal years
preceding the restatement date and any interim period, our Manager received Incentive Fees in excess of the amount to which it would otherwise
have been entitled based on the restated financial statements (such excess amount, “Excess Compensation”). If the board of
directors or the compensation committee determines that our Manager received Excess Compensation, the company will be entitled to recover
such Excess Compensation from the Manager, and our board of directors or the compensation committee, in its sole discretion and subject
to applicable law, will take such action as it deems necessary to recover such Excess Compensation. Such actions may include requiring
repayment or return of prior Incentive Fees paid to our Manager, including Incentive Fees not affected by the accounting restatement,
or adjusting the amounts of future fees payable to our Manager.

Compensation of Directors and Officers

Director Compensation

Based on discussions with
and assistance from Farient Advisors (“Farient”), a nationally-known independent executive compensation and benefits consulting
firm, the compensation committee has established a compensation program for our independent directors consisting of annual cash and equity
retainers equal to $50,000 and $75,000, respectively. In addition, the lead independent director and audit committee chairman will each
receive annual retainers of $15,000, and the compensation committee chairman and nominating and corporate governance chairman will
each receive annual retainers of $10,000. Further, each member of the audit committee will receive annual retainers of $7,500,
and each member of the compensation committee and the nominating and corporate governance committee will receive annual retainers of
$5,000, respectively. All directors will receive reimbursement of reasonable out-of-pocket expenses incurred in connection with attendance
at meetings of the board of directors.

Executive Officer Compensation

We do not currently have any
employees. We are externally managed by our Manager pursuant to the Management Agreement, and all of our executive officers are employed
by our Manager or its affiliates. We will not reimburse our Manager for compensation paid to our executive officers. We have not paid,
and do not expect to pay in 2025, any cash or other compensation to our executive officers. Officers are eligible for awards under our
BHM Equity Incentive Plan for Individuals, as described below.

Incentive Plans

Our board of directors has