Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1217

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1217
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 and all other provisions of this Guaranty shall remain in full force and effect. This Guaranty may be amended only by an instrument in writing executed by the party or an authorized representative of the party against whom such amendment is sought to be enforced. If Guarantor consists of more than one Person, the obligations and liabilities of each such Person shall be joint and several. This Guaranty may be executed in counterparts.

13.. Guarantor hereby acknowledges and agrees that any intercreditor agreement entered into between Administrative Agent and Mezzanine Loan Administrative Agent will be solely for the benefit of Administrative Agent and Mezzanine Loan Administrative Agent, and that none of Guarantor, Borrower, or Mezzanine Borrower shall be

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third-party beneficiaries (intended or otherwise) of any of the provisions therein, have any rights thereunder, or be entitled to rely on any of the provisions contained therein. Administrative Agent and Mezzanine Loan Administrative Agent have no obligation to disclose to Guarantor the contents of any such intercreditor agreement. Guarantor's obligations hereunder are and will be independent of any such intercreditor agreement and shall remain unmodified by the terms and provisions thereof.

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EXECUTED as of the day and year first above written.

|                                        |     | GUARANTOR: |
| NEXPOINT STRATEGIC OPPORTUNITIES FUND, 
 a Delaware statutory trust             
 By: /s/ James Dondero                  
 Name: James Dondero                    
 Title: President and Principal         
 Executed Officer                       |     |            |

| Address for purposes of notice:       
 NexPoint Strategic Opportunities Fund 
 300 Crescent Court, Suite 700         
 Dallas, Texas 75201                   
 Attention: Matt McGraner              
 Email: mmcgraner@highlandcapital.com  |

| With a copy to:                    
 Wick Phillips                      
 3131 McKinney Avenue               
 Suite 100                          
 Dallas, Texas 75204                
 Attention: D. C. Sauter, Esq.      
 Email: