Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 232

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 232
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 NHT is required to provide on an annual basis, the disclosure regarding its Audit Committee made in this Information Circular.

| Audit Committee Oversight |

At no time since the commencement of NHT’s most recently completed financial year was a recommendation of the Audit Committee to nominate or compensate an external auditor not adopted by the Board.

| Reliance on Certain Exemptions |

At no time since the commencement of NHT’s most recently completely financial year has NHT relied on the exemption in section 2.4 of NI 52-110 (De Minimis Non-Audit Services), or an exemption from NI 52-110, in whole or in part, granted under Part 8 of NI 52-110.

| Pre-approval Policies and Procedures |

The Audit Committee has adopted specific policies and procedures for the engagement of non-audit services as described in the Audit Committee’s written charter.

| External Auditor Service Fees (By Category) |

The aggregate fees billed by NHT’s external auditors in the last two fiscal years for audit fees are as follows:

| Financial Year 
 Ending         
 2023           | Audit Fee 
  $473,360 | Audit Related Fees 
                 $0 | Tax Fees 
 $148,578 | All Other Fees 
             $0 |
|:---------------|----------:|-------------------:|---------:|---------------:|
| 2022           |  $284,000 |                 $0 | $172,200 |             $0 |

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| Compensation Governance and Nominating Committee |

The Compensation, Governance and Nominating Committee must be comprised of at least three Trustees, a majority of whom must be persons determined by the Board to be independent Trustees and a majority of whom must be residents of Canada. The Compensation, Governance and Nominating Committee is charged with reviewing, overseeing and evaluating the compensation, corporate governance and nominating policies of NHT. The Compensation, Governance and Nominating Committee is currently comprised of Neil Labatte (Chair), Graham Senst, Jerry Patava and James Dondero. Mr. Senst, Mr. Labatte and Mr. Patava have been determined by NHT to be independent within the meaning of NI 52-110 and are residents of Canada.

| INDEBTEDNESS OF TRUSTEES AND OFFICERS |

None of the Trustees, executive officers, employees, former executive officers or former employees of NHT or any of its subsidiaries, and none of their respective associates, is or