Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 201

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 201
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 of the forum in which derivative and others claims involving NXDT, its officers, or trustees or employees, must be brought.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| The Declaration of Trust provides that the following matters require the approval of a majority of the Independent Trustees (in addition to the approval of a majority of the Trustees at any meeting of the Trustees or of a committee of Trustees): (a) an acquisition of a property or an investment in a property, whether by co-investment or otherwise, in which any Related Party of NHT has any direct or indirect interest, whether as owner, operator or manager; (b) a material change to any agreement with a Related Party of NHT or any renewal, extension or termination thereof or any increase in any fees (including any transaction fees) or distributions payable thereunder; and (c) the entering into of, or the waiver, exercise or enforcement of any rights or remedies under, any agreement entered into by NHT, or the making, directly or indirectly, of any co-investment, in each case with (i) any Trustee, (ii) any entity directly or indirectly controlled by any Trustee or in which any Trustee holds a significant interest, or (ii) any entity for which any Trustee acts as a director or other similar capacity; (d) the refinancing, increase or renewal of any indebtedness owed by or to (i) any Trustee, (ii) any entity directly or indirectly controlled by any Trustee or in which any Trustee holds a significant interest, or (iii) any entity for which any Trustee act as a director or other similar capacity; (e) decisions relating to any claims by or against one or more parties to any agreement with any Related Party to NHT; and (f) the election or appointment of members of the board of directors of NHT Intermediary. 
 “Related Party” means, with respect to any person, a person who is a “related party” as defined in MI 61-101. Under MI 61-101, a related party is generally defined as a person who, at the relevant time and after reasonable inquiry, is known by NHT to be a: (a) control person of NHT; (b) a person that has beneficial ownership of, or control or direction over, directly or indirectly, securities of NHT