Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 292

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 292
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, 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 permits a corporation to indemnify its present and former directors and officers, among others, against
judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to or in
which they may be made or threatened to be made a party or witness by reason of their service in those or other capacities unless it is
established that:

| · | the                                                                                                                          
 act or omission of the director or officer was material to the matter giving rise to the proceeding and (1) was committed in 
 bad faith or (2) was the result of active and deliberate dishonesty;                                                         |

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

| · | in                                                                                
 the case of any criminal proceeding, the director                                 
 or officer had reasonable cause to believe that the act or omission was unlawful. |

The MGCL prohibits us from
indemnifying a director or officer who has been adjudged liable in a suit by us or on our 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 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