Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 221

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 221
---
                                   |         |
| Non-management Trustee                                  | $80,000 |
| Committee Fees                                          |         |
| Compensation, Governance and Nominating Committee       | $20,000 |
| Audit Committee                                         | $20,000 |
| Chair Retainers                                         |         |
| Lead Trustee                                            | $50,000 |
| Audit Committee Chair                                   | $30,000 |
| Compensation, Governance and Nominating Committee Chair | $30,000 |

<div align='center'>-137-</div>

Further, as a result of the Suspension, the Board determined it was in the best interests of the REIT that no further Deferred Units be issued to the members of the Board and that the fees owing to members of the Board for Q3 and Q4 of 2023 that would have been paid in Deferred Units (including the matching contribution amount) be paid in cash and that all future fees payable to the members of the Board be paid monthly in arrears, and in cash, so long as the suspension remains in effect.

The Trustees do not receive any additional remuneration for acting as directors on the boards of any of NHT’s subsidiaries. Trustees who are also members of management do not receive any remuneration for their role as a Trustee. Trustees have the option to elect to receive up to 100% of all fees that are otherwise payable in cash (i.e. annual board retainer fee, meeting fees and additional retainers) in the form of Deferred Units.

NHT, on recommendation from the Compensation, Governance and Nominating Committee, will determine whether, and to what extent, NHT will match up to 100% of the total value of the fees that a Trustee elects to receive in the form of Deferred Units. Accordingly, the number of Deferred Units to be awarded to a Trustee is equal to (i) the value of all fees that the Trustee elects to receive in the form of Deferred Units plus any additional Deferred Units pursuant to NHT’s obligation to match as contemplated by the Omnibus Plan, (ii) divided by the volume weighted average trading price of a Unit on the TSXV for the five trading days prior to the date of the award. Trustees must complete an election form to receive Deferred Units in lieu of the cash component of their fees (i) in the case of an existing Trustee, no later than December 31 of the year preceding the applicable grant year; and (ii) in the case of a newly appointed or elected