Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 93

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 93
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 under the laws of the Province of Ontario.

All actions and proceedings arising out of or relating to the Merger Agreement will be heard and determined exclusively in the Court of Chancery of the State of Delaware and/or any federal court within the State of Delaware.

On November 19, 2024, the REIT entered into a voting support agreement (the “Voting Support Agreement”) with Raymond James Limited (“Raymond James”), pursuant to which Raymond James, which exercises control or direction over (directly or indirectly), including on behalf of accounts over which Raymond James has discretionary investment authority, 623,877 Units at the date of this Information Circular, has agreed to among other things:

| (i) | vote or to cause to be voted such Units in favour of the resolution approving the Transaction at the REIT’s special meeting of unitholders and any other matter reasonably necessary for the completion of the Transaction; |

| (ii) | except as required pursuant to the Voting Support Agreement or pursuant to the transactions contemplated by the Merger Agreement, not directly or indirectly, sell, assign, transfer, dispose of, hypothecate, alienate, grant a security interest in, encumber or tender to offer, transfer any economic interest (directly or indirectly) or otherwise convey any Units without the REIT’s prior written consent, which may not be unreasonably withheld; and |

| (iii) | except as required pursuant to the Voting Support Agreement, not grant or agree to grant any proxy or other right to vote the Units or enter into any voting trust or pooling agreement or arrangement in respect of the Units or enter into or subject any of the Units to any other agreement, arrangement, understanding or commitment, formal or informal, with respect to or relating to the voting thereof. |

The Voting Support Agreement shall automatically terminate and be of no further force and effect upon the earlier of (a) the date upon which the REIT and Raymond James mutually agree, in writing, to terminate the Voting Support Agreement; and (b) the termination of the Merger Agreement in accordance with its terms.

Certain persons may have interests in the Transaction that are, or may be different from, or in addition to, the interests of other securityholders. These interests include those described below. Members of the Special Committee and the Board were aware of and considered these interests, among other matters, in evaluating and negotiating the Merger Agreement, and in recommending to Unitholders that they vote FOR the Transaction Resolution.

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