Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 218

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 218
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 awards that are convertible into, exercisable or exchangeable for, or otherwise based on Units. |

The Compensation, Governance and Nominating Committee has the authority to determine the vesting schedule applicable to each award, and accelerate the vesting or exercisability of any award.

In the event of certain consolidations, mergers or similar transactions of NHT, certain sales or other disposition of NHT’s Units, certain liquidation events or sales or dispositions of all or substantially all of NHT’s assets, the Compensation, Governance and Nominating Committee may provide for the conversion, exercise or exchange of outstanding awards for new awards, or, if no equivalent awards are available, for the accelerated vesting or delivery of Units under awards, or for a cash-out of outstanding awards.

In the event of an extraordinary distribution, securities based distribution, stock split or combination (including a reverse stock split) or any recapitalization, business combination, merger, consolidation, spin-off, exchange of Units, liquidation or dissolution of NHT or other similar transaction affecting the Units, the Board will make adjustments as it determines in its sole discretion to the number and kind of Units available for issuance under the Omnibus Plan, the annual per-participant Unit limits, the number, class, exercise price (or base value), performance objectives applicable to outstanding awards and any other terms of outstanding awards affected by such transaction. The Compensation, Governance and Nominating Committee may also make adjustments of the type described in the preceding sentence to take into account distributions and events other than those listed above if it determines that adjustments are appropriate to avoid distortion in the operation of the Omnibus Plan.

The following restrictions are placed on grants of awards under the Omnibus Plan:

| ● | the aggregate number of Units issuable to insiders shall not exceed 10% of NHT’s total issued and outstanding Units; |

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| ● | the aggregate fair value on the date of grant of all options granted to any one non-employee Trustee shall not exceed $200,000 per annum; and |

| ● | the aggregate fair market value on the date of grant of all awards granted to any one non-employee Trustee shall not exceed $200,000 per annum; provided that such limits shall not apply to (A) awards taken in lieu of any Trustee fees, and (B) a one-time initial grant to a Trustee upon such Trustee joining the Board. |

The Compensation, Governance and Nominating Committee