Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 215

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 215
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| ● | to correct any ambiguity, defective provisions, error or omission in the provisions of the plan; |

| ● | to amend the vesting provisions of the Deferred Units, except for decreasing the vesting term of Granted DUs to less than one year from the award date; or |

| ● | any other amendment that does not require unitholder approval under applicable laws or the rules of the TSXV. |

provided, however, that no such act shall diminish any rights accrued in respect of grants of Deferred Units made prior to the effective date of such amendment.

| Omnimus Equity Incentive Plan |

NHT adopted the Omnibus Plan on March 29, 2019. All equity and equity-based awards made or granted, including future grants to be made to named executive officers of NHT, are made under the Omnibus Plan. The Omnibus Plan provides eligible participants with compensation opportunities that encourage ownership of Units, enhance NHT’s ability to attract, retain and motivate executive officers and other key members of management and incentivizes them to increase the long-term growth and equity value of NHT in alignment with the interests of Unitholders. The material features of the Omnibus Plan are summarized below.

| Administration and Eligibility |

The Omnibus Plan is administered by the Compensation, Governance and Nominating Committee. The Compensation, Governance and Nominating Committee has the authority to, among other things, determine eligibility for awards to be granted, determine, modify or waive the type or types of, form of settlement (whether in cash, Units or otherwise) of, and terms and conditions of, awards, to accelerate the vesting or exercisability of awards, to adopt rules, guidelines and practices governing the operation of the Omnibus Plan as the Compensation, Governance and Nominating Committee deems advisable, to interpret the terms and provisions of the Omnibus Plan and any award agreement, and to otherwise do all things necessary or appropriate to carry out the purposes of the Omnibus Plan.

Key officers and any employees of NHT, Independent Trustees and key employees of the Advisor and its respective affiliates who, in the opinion of the Compensation, Governance and Nominating Committee, have dedicated significant time and attention to the affairs and business of NHT will be eligible to participate in the Omnibus Plan.

| Authorized Units |

Subject to adjustment, the maximum number of Units that are available for issuance under the Omnibus Plan is 3,026,155, representing 20% of the issued and outstanding Units of NHT