Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2057

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2057
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center'>[SIGNATURE PAGE TO AMENDED AND RESTATED LLC AGREEMENT OF NHT OPERATING PARTNERSHIP, LLC]

I-1633</div>

For the limited purposes set forth herein, and not as a Member:

NEXPOINT HOSPITALITY TRUST

By: ______________________
Name: Brian Mitts
Title: Corporate Secretary

<div align='center'>[SIGNATURE PAGE TO AMENDED AND RESTATED LLC AGREEMENT OF NHT OPERATING PARTNERSHIP, LLC]

I-1634</div>

As an individual for the limited purpose of Section 4.8, and not as a Member:

_______________________

<div align='center'>[SIGNATURE PAGE TO AMENDED AND RESTATED LLC AGREEMENT OF NHT OPERATING PARTNERSHIP, LLC]

I-1635</div>

The term “Constructively Owns” means ownership determined through the application of the constructive ownership rules of Section 318 of the Code, as modified by Section 856(d)(5) of the Code. Generally, as of the date first set forth above, these rules provide the following:

a. an individual is considered as owning the Ownership Interest that is owned, actually or constructively, by or for his spouse, his children, his grandchildren, and his parents;

b. an Ownership Interest that is owned, actually or constructively, by or for a partnership, limited liability company or estate is considered as owned proportionately by its partners or beneficiaries;

c. an Ownership Interest that is owned, actually or constructively, by or for a trust is considered as owned by its beneficiaries in proportion to the actuarial interest of such beneficiaries (, , that in the case of a “grantor trust” the Ownership Interest will be considered as owned by the grantors);

d. if 10% percent or more in value of the stock in a corporation is owned, actually or constructively, by or for any person, such person shall be considered as owning the Ownership Interest that is owned, actually or constructively, by or for such corporation in that proportion which the value of the stock which such person so owns bears to the value of all the stock in such corporation;

e. an Ownership Interest that is owned, actually or constructively, by or for a partner or member which actually or constructively owns a 25% or greater capital interest or profits interest in a partnership or limited liability company, or by or to or for a beneficiary of an estate or trust shall be considered as owned by