Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 76

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 76
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ulgated, enforced or entered any Law or order (whether temporary, preliminary or permanent) which is then in effect and has the effect of making the Mergers illegal or otherwise restricting, preventing or prohibiting consummation of the Reorganization or Mergers; and |

| (iii) | a registration statement on Form S-4 registering the NXDT Common Shares to be issued as the Merger Consideration under the Securities Act shall have been declared effective and not be the subject of any stop order. |

The obligation of the Company to complete the Reorganization and the respective obligations of the parties to consummate the Mergers are subject to the fulfillment at or prior to the Closing Date of each of the foregoing conditions, any or all of which may be waived in whole or in part by the party being benefited thereby, to the extent permitted by applicable Law.

The Merger Agreement also contains certain conditions to the completion of the Transaction for the sole benefit of NXDT, NXDT Intermediary, NXDT Merger Sub and NXDT OP, including:

| (i) | conditions related to covenants to be performed by the Company and the correctness of representations and warranties provided by the Company, subject to customary materiality standards; |

| (ii) | that NXDT shall have received the written opinion of Winston & Strawn LLP (or other Company counsel reasonably acceptable to NXDT) dated as of the Closing Date regarding tax compliance and the qualification and taxation of the REIT as a “real estate investment trust” under the Code; |

| (iii) | that since the date of the Merger Agreement, there shall have not occurred a Company Material Adverse Effect; |

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| (iv) | NXDT shall have received a certificate signed by an executive officer on the Company’s behalf and without personal liability, dated as of the Closing Date, certifying that certain conditions are satisfied, and further certifying the capitalization of New NHT following the consummation of the Reorganization; |

| (v) | the Company shall have delivered evidence that all consents have been obtained; |

| (vi) | the Company shall have delivered evidence of the termination of the Advisory Agreement and the Investor Rights Agreement; |

| (vii) | the Company shall have delivered copies of resolutions of the Board and the New NHT Board approving the Merger Agreement and the transactions contemplated therein; |

| (viii) | the Company shall have consummated the Reorganization and