Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1874

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1874
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olders (rounding to the nearest whole number). |

1.9 Consent to Act

| (a) | A person who is appointed a Trustee hereunder shall not become a Trustee until the person has, either before or after such appointment, executed and delivered to the Trust a consent, or such consent is evidenced in minutes of a meeting of Trustees, substantially in the form as follows: |

| “To: NexPoint Hospitality Trust (the “Trust”) 
 And to:    The Trustees thereof               |

| The undersigned hereby certifies that he or she or it is/is not a resident of Canada within the meaning of the Income Tax Act (Canada) and consents to act as a Trustee of the Trust and hereby agrees, upon the later of the date of this consent and the date of the undersigned’s appointment as a Trustee of the Trust, to thereby become a party, as a Trustee, to the Declaration of Trust dated the 27th day of March, 2019, as amended, supplemented or amended and restated from time to time, constituting the Trust.” |

| (b) | Upon the later of a person being appointed a Trustee hereunder and executing and delivering to the Trust a form of consent substantially as set forth in Subsection 3.9(a), such person shall become a Trustee hereunder and shall be deemed to be a party (as a Trustee) to this Declaration of Trust, as amended, supplemented or amended and restated from time to time. |

1.10 Failure to Elect Minimum Number of Trustees

If a meeting of Unitholders fails to elect the minimum number of Trustees required by this Declaration of Trust by reason of the disqualification or death of any nominee, the Trustees elected at the meeting may exercise all of the powers of the Trustees if the number of Trustees so elected constitutes a quorum.

1.11 Ceasing to Hold Office

| (a) | A Trustee ceases to hold office when: |

| (i) | the Trustee ceases to be duly qualified to act as a Trustee as provided under Section 3.3; |

<div align='center'>I-1467</div>

| - 13 - |

<div align='center'>I-1468</div>

| - 14 - |

| (ii) | the Trustee ceases to be a Trustee as provided under Section 3.4; |

| (iii) | the Trustee dies or resigns in