Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 686

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 686
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 ESTATE ADVISORS X, L.P. |                                              |
| By:                                   | /s/ Brian Mitts                              |
|                                       | Name: Brian Mitts                            |
|                                       | Title: Chief Financial Officer, EVP-Finance, |
|                                       | Secretary and Treasurer                      |

<div align='center'>[Signature Page to Advisory Agreement]

I-443

EXHIBIT A

Description of Administration Services.</div>

Adviser will perform the following administration services as necessary:

| (i) | Prepare monthly transaction listings; |

| (ii) | Supply various normal and customary portfolio and Company statistical data as requested on an ongoing basis; |

| (iii) | Prepare for execution and file the Company’s Federal and state tax returns; prepare a fiscal tax provision in coordination with the annual audit; prepare an excise tax provision; and prepare all relevant 1099 calculations; |

| (iv) | Coordinate contractual relationships and communications between the Company and its contractual service providers; |

| (v) | Coordinate printing of the Company’s annual shareholder reports; |

| (vi) | Prepare income and capital gain distributions; |

| (vii) | Prepare the quarterly and annual financial statements; |

| (viii) | Monitor the Company’s compliance with the Code and SEC reporting requirements; |

| (ix) | Prepare, coordinate with the Company’s counsel and coordinate the filing with the SEC: quarterly reports on Form 10-Q; annual reports on Form 10-K, and current reports on Form 8-K, in each case based upon information provided by the Company; assist in the preparation of Forms 3, 4 and 5 pursuant to Section 16 of the Exchange Act for the officers and trustees of the Company, such filings to be based on information provided by those persons; |

| (x) | Assist in the preparation of notices of meetings of shareholders, coordinate preparation of proxy statements, including obtaining information required to be disclosed by applicable regulations and the engagement of proxy solicitors on behalf of the Company; |

| (xi) | Assist in obtaining trustees’ and officers’ errors and omissions insurance policies for the Company, including evaluation of insurance carriers, recommending appropriate coverage levels and evaluating the costs thereof, as such policies are approved by the Company’s Board of Trustees; |

| (xii) | Draft agendas and resolutions for quarterly and special board meetings; |

| (xiii) | Coordinate the preparation, assembly and posting of board materials; |

| (xiv) | Attend board meetings and draft