Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 80

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 80
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 or investments in any Person (other than Capital Expenditures or Development Expenditures permitted pursuant to Section 6.1(p) of the Merger Agreement, in each case, in the ordinary course of business consistent with past practice; |

| (vi) | create or suffer to exist any Lien (other than Permitted Liens) on shares of stock, partnership interests or other equity interests of any Company Subsidiary; |

| (vii) | except as required by the terms of applicable Law, as expressly otherwise contemplated by this Agreement or as set forth on the Company Disclosure Letter: |

| (a) | enter into or adopt any employee benefit plan; |

| (b) | enter into, adopt, amend or terminate any agreement, arrangement, plan or policy between the Company or any Company Subsidiary and one or more of their employees or directors or trustees; |

| (c) | increase in any manner the compensation or fringe benefits of any employee, officer or director or trustee; |

| (d) | grant to any officer, director or trustee or employee the right to receive any severance, change of control or termination pay or termination benefits or any increase in the right to receive any severance, change of control or termination pay or termination benefits; |

| (e) | enter into any new employment, loan, retention, consulting, indemnification, change-in-control, termination or similar agreement; |

| (f) | grant any awards under any bonus, incentive, performance or other compensation plan or arrangement (including, but not limited to, the grant of stock options, stock appreciation rights, stock-based or stock-related awards, performance units or restricted stock, long-term incentive plan units under the Omnibus Plan, Deferred Unit Plan or otherwise); |

| (g) | hire any new employee; |

| (h) | take any action to fund, accelerate or in any way secure the payment of compensation or benefits under any employee plan, agreement, contract or arrangement; |

| (i) | terminate the employment of any employee, other than for “cause”; or |

| (j) | enter into a collective bargaining agreement; |

| (viii) | (i) other than in the ordinary course of business, or as disclosed in the Company Disclosure Letter, sell, mortgage, transfer, assign, ground lease, dispose of, pledge or encumber any material personal property, equipment or assets (other than as set forth in clause (ii) below) of the Company or