Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2062

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2062
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 the document transmitted shall be considered to have the same binding legal effect as an original signature on an original document.

(g) . Any capitalized terms used herein for which a definition is not herein provided shall, unless otherwise indicated, have the same meanings as assigned to such terms in the Operating Agreement.

<div align='center'>[Signature Page Follows]

2

I-1643</div>

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first set forth above.

NHT HOLDINGS, LLC

By:

Name: Matt McGraner

Title: Authorized Signatory

NHT OPERATING PARTNERSHIP GP, LLC

By:

Name: Neil Labatte

Title: Sole Member

<div align='center'>Signature Page to Second Amendment to Operating Agreement

I-1644</div>

Exhibit 10.6

<div align='center'>THIRD AMENDMENT
TO
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT
OF
NHT OPERATING PARTNERSHIP, LLC</div>

This Third Amendment (this “”) dated as of September 25, 2022 with an effective date of June 30, 2022 is to the Amended and Restated Limited Liability Company Agreement of NHT Operating Partnership, LLC, as amended (the “”), dated January 8, 2019, by and among the Manager and the Persons that are party thereto from time to time and whose names are set forth on attached thereto (as it may be amended from time to time) (as amended, the “”).

A. The Manager and the Class A Member desire to amend the Operating Agreement as set forth herein.

B. In accordance with Section 14.1(a) of the Operating Agreement, this Amendment has been approved by the Manager and the Class A Members.

C. In accordance with Sections 12.2 and 14.1(b) of the Operating Agreement, this Amendment has been consented to by NREO.

Section 1.

(a) Exhibit A of the Operating Agreement is hereby deleted in its entirety and any references to Exhibit A in the Operating Agreement shall be to the books and records of the Company.

(b) The definition of “Member” contained in Article 1 of the Operating Agreement is deleted and replaced in its entirety by the following:

” means NHT Holdings, the initial Manager and any other Person named as a member of the Company on the books and records of the Company or any substituted Member or Additional Member