Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 86

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 86
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 any of the foregoing. |

The REIT has agreed to promptly notify NXDT (but in no event later than 24 hours) after receipt of any Company Acquisition Proposal or any request for non-public information by any third party that informs the REIT that it is considering making, or has made, a Company Acquisition Proposal. Such notice shall be made in writing and shall identify the Person making such Company Acquisition Proposal and indicate the material terms and conditions of any Company Acquisition Proposal, to the extent known (including, if applicable, providing copies of any written Company Acquisition Proposals and any proposed agreements related thereto, which may be redacted to the extent necessary to protect confidential information). The REIT shall also promptly (and in any event within 24 hours) notify NXDT, in writing, if it enters into discussions or negotiations concerning any Company Acquisition Proposal or provides non-public information to any Person, notify NXDT of any change to the financial and other material terms and conditions of any Company Acquisition Proposal and otherwise keep NXDT reasonably informed of the status and terms of any Company Acquisition Proposal.

If at any time prior to obtaining the Requisite Vote, the REIT receives an unsolicited Company Acquisition Proposal (that was not solicited in contravention of the Merger Agreement), the REIT may engage in or participate in discussions or negotiations with such Person regarding such Company Acquisition Proposal, so as to determine whether such Company Acquisition Proposal constitutes or may reasonably be expected to lead to a Superior Proposal, and if the Board determines in good faith, after consultation with its independent financial advisors and outside legal counsel, that such Company Acquisition Proposal constitutes or may reasonably be expected to lead to a Superior Proposal, the REIT and its Representatives may:

| (i) | furnish non-public information to such third party (and such third party’s Representatives) making such a Company Acquisition Proposal (provided, however, that (a) prior to so furnishing such information, the REIT receives from the third party an executed Acceptable Confidentiality Agreement, and (b) any material non-public information concerning the REIT or any of its Subsidiaries that is provided to such third party (or its Representatives) shall, to the extent not previously provided to NXDT, be provided to NXDT as promptly as practicable after providing it to such third party (and in any event within 24 hours thereafter));and |

| (ii) | engage in discussions or negotiations with such third party (and such third party’s Representatives) with respect to the Company Acquisition Proposal. |