Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 196

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 196
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 liability for any debts, liabilities, obligations, claims, demands, judgments, costs, charges or expenses against or with respect to NHT arising out of anything done or permitted or omitted to be done in respect of the execution of the duties of the office of Trustees for or in respect to the affairs of NHT unless such Trustee shall have failed to meet the standard of care set out in Section 4.5 of the Declaration. No property or assets of the Trustees, owned in their personal capacity or otherwise, will be subject to any levy, execution or other enforcement procedure with regard to any obligations under the Declaration of Trust or under any other related agreements unless such Trustee shall have failed to meet the standard of care.                                                                                                                                                                                                                   |     | Delaware law permits NXDT to include in its governing instruments a provision limiting any fiduciary or other duties of NXDT’s trustees and officers to NXDT’s shareholders and NXDT for money damages, as well as liabilities for breach of contract, provided that a governing instrument may not limit or eliminate liability for any act or omission that constitutes a bad faith violation of the implied covenant of good faith and fair dealing. Further, Delaware law provides that a trustee, when acting in such capacity, shall not be personally liable to any person other than the statutory trust or shareholder for any act, omission or obligation of the statutory trust or any trustee thereof; and an officer, when acting in such capacity, shall not be personally liable to any person other than the statutory trust or a trustee or shareholder for any act, omission or obligation of the statutory trust or any trustee thereof. The NXDT Declaration provides that the trustees and officers of NXDT shall have no personal liability in such capacity whatsoever to any person. |

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| Indemnification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| The Declaration of Trust provides that each Trustee, each former Trustee, each officer of NHT and each former officer of NHT shall be entitled to be and shall be indemnified and reimbursed out of NHT’s property in respect of any and all taxes, penalties or interest in respect of unpaid taxes or other governmental charges imposed upon the