Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 396

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 396
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 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, and expenses actually incurred in a proceeding unless the following
can be established:

| · | the act or                                                                                                                            
 omission of the director or officer was material to the cause of action adjudicated in the proceeding, and was committed in bad faith 
 or was the result of active and deliberate dishonesty;                                                                                |

| · | the director                                                                                 
 or officer actually received an improper personal benefit in money, property or 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. |

The MGCL prohibits a corporation from indemnifying
a director or officer who has been adjudged liable in a suit by the corporation or on its behalf or in which the director or officer was
adjudged liable on the basis that a personal benefit was improperly received. A court may order indemnification if it determines that
the director or officer is fairly and reasonably entitled to indemnification, even though the director or officer