Company: BHM
Filing Date: 2025-07-18
Form Type: S-8
Source: 0001104659-25-069050
Chunk: 3

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-18
Form: S-8
Chunk 3
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 services; or                                                                                               |
| · | with respect to any criminal proceeding, the director or officer had reasonable cause to believe his or her act or omission was unlawful.                                                               |

However, under the MGCL, a
Maryland corporation may not indemnify for an adverse judgment in a suit by or in the right of the corporation or for a judgment of liability
on the basis that personal benefit was improperly received, unless in either case a court orders indemnification and then only for expenses.

Finally, 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). 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 that obligate us to indemnify them to the maximum extent permitted by
Maryland law. The indemnification agreements provide that if a director or executive officer is a party or is threatened to be made a
party to any proceeding, by reason of such director’s or executive officer’s status as a director, officer or employee of
our company, we must indemnify such director or executive officer, and advance expenses actually and reasonably incurred by him or her,
or on his or her behalf, unless it has been established that:

| · | the act or omission of the director or executive officer was material to the matter giving rise to the proceeding and was committed in bad faith or was the result of active and deliberate