Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1078

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1078
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SENT AND OMNIBUS AMENDMENT AGREEMENT - Signature Page

<div align='center'>I-763</div>

| INITIAL LENDERS:                                                                              |
| DELPHI CRE FUNDING LLC,                                                                       
 a Delaware limited liability company                                                          
 By ACORE Capital Mortgage, LP,                                                                
 a Delaware limited partnership,                                                               
 its authorized agent                                                                          
 By: ACORE Capital Mortgage GP, LLC, a Delaware limited liability company, its general partner 
 By: /s/ Kimberly May                                                                          
 Name: Kimberly May                                                                            
 Title: Authorized Signatory                                                                   |

| AC IV CA MORTGAGE LLC,               
 a Delaware limited liability company 
 By ACORE CREDIT IV REIT, INC.,       
 a Maryland corporation,              
 its sole member                      
 By:/s/ Kimberly May                  
 Name: Kimberly May                   
 Title: Authorized Signatory          
 a.                                   |

LIMITED CONSENT AND OMNIBUS AMENDMENT AGREEMENT - Signature Page

<div align='center'>I-764

SCHEDULE 1

ADDITIONAL AFFIRMATIVE COVENANTS</div>

Notwithstanding the anything set forth in this Agreement to the contrary, Borrower shall perform all of the below covenants, each of which is a “Hotel Component Financing Covenant”:

1. Continue to comply with all covenants under the Loan Agreement, except as specifically modified pursuant to this Agreement. For avoidance of doubt, except as expressly set forth in this Agreement, this Agreement does not modify or suspend any requirement under any Loan Document to pay any carrying costs associated with the Property, including, without limitation, any (a) real estate taxes, (b) insurance premiums for the Required Policies, and (c) any amounts due under the Master Lease.

SCHEDULE 1, Additional Affirmative Covenants - Solo Page

<div align='center'>I-765

SCHEDULE 2

ADDITIONAL LOAN DOCUMENT MODIFICATIONS</div>

1. The term “Event of Default” as used in each Loan Agreement shall be expanded to include Borrower’s breach of any of its covenants under this Agreement, including, without limitation, any Hotel Component Financing Covenant. For the avoidance of doubt, Administrative Agent shall not be required to provide Obligors with notice of any such Event(s) of Default stemming from any breach of any Hotel Component Financing Covenant or other obligation of Obligors set forth in this Agreement.

SCHEDULE 2, Additional Loan Document Modifications - Solo Page

<div align='center'>I-766