Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 292

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 292
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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 us or on our behalf, or for a judgment of liability on the basis that personal benefit was improperly received,
is limited to expenses.

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 advancement 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.

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However, the SEC takes the
position that indemnification against liabilities arising under the Securities Act is against public policy and unenforceable.

We have entered into indemnification
agreements with our current directors and executive officers that provide for indemnification to the maximum extent permitted by Maryland
law.

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THE OPERATING PARTNERSHIP AGREEMENT</div>

A summary of the material terms and provisions of the Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership, which we refer to as the “partnership agreement,” is set forth below. The following summary does not purport to be complete and is subject to and qualified in its entirety by reference to Maryland law and the partnership agreement. For more detail, please refer to the partnership agreement itself, a copy of which will be filed as an exhibit to the