Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 329

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 329
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reement, 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 or qualify                                                                                               
 such shares under the securities or blue sky laws of such jurisdictions within the United States as required by law; |

| · | to list our shares of common                                                                                                          
 stock issued pursuant to the exercise of redemption rights on any securities exchange or national market system upon which our shares 
 of common stock are then listed; and                                                                                                  |

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| · | to indemnify limited partners