Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 89

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 89
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 the failure of the Company, NHT Intermediary, NHT Holdings or NHT OP, in the case of termination by the Company, or NXDT, NXDT Intermediary, NXDT Merger Sub or NXDT OP, in the case of termination by NXDT, to perform any of its obligations under the Merger Agreement; or |

| c. | the Requisite Vote has not been obtained at the Meeting; provided that NXDT shall not have the right to terminate the Merger Agreement if the failure to obtain the Requisite Vote is due to the failure of NXDT or an entity over which it has control or direction to vote in favor of the Mergers and the Reorganization. |

| (ii) | Termination by NXDT |

NXDT may terminate the Merger Agreement and the Transaction may be abandoned if:

| (i) | subject to certain notification requirements under the Merger Agreement, a breach of any representation or warranty or failure to perform any covenant or agreement on the part of the Company, NHT Intermediary, NHT Holdings or NHT OP set forth in the Merger Agreement shall have occurred that if continuing at Closing would cause, individually or in the aggregate, certain conditions precedent to be incapable of being satisfied by the Outside Date, provided that NXDT is not, at the time NXDT delivers notice to terminate, then in breach of the Merger Agreement; or |

| (ii) | the Board has effected an Adverse Recommendation Change, the REIT enters into an Alternative Acquisition Agreement or the REIT has breached or failed to perform any of its covenants in any material respect. |

| (iii) | Termination by the Company |

The Company may terminate the Merger Agreement if:

| (i) | prior to obtaining the Requisite Vote, the Board effects an Adverse Recommendation Change in connection with a Superior Proposal and the Board has approved, and, concurrently, with the termination, the REIT enters into a definitive agreement providing for the implementation of a Superior Proposal, provided that such termination will not be effective unless the Company has made the Company Termination Fee; or |

| (ii) | a breach of any representation or warranty or failure to perform any covenant on the part of NXDT, NXDT Intermediary, NXDT Merger Sub or NXDT OP has occurred that if continuing at Closing would cause certain conditions precedent to be incapable of being satisfied by the Outside Date. |

In the event that the Merger Agreement is terminated (i)