Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2056

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2056
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 or its investment in the Company. Further, except for Winston & Strawn LLP’s representation of the Adviser, NHT, NHT Intermediary, LLC and NHT Holdings with respect to the Transactions, or as may otherwise expressly be agreed in writing by Winston & Strawn LLP, in no event shall an attorney-client relationship exist between Winston & Strawn LLP on the one hand and any other Member and/or their Affiliates, on the other hand. The Members further agree and consent that Winston & Strawn LLP shall be permitted to render legal advice and to provide legal services to any Member or the Company from time to time, and each Member covenants and agrees that such representation of a Member or the Company by such firm from time to time shall not disqualify such firm from providing legal advice and legal services to their respective client Members or Affiliates in matters related or unrelated to this Agreement.

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68

I-1629</div>

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

INITIAL MEMBER AND MANAGER:

NHT OPERATING PARTNERSHIP GP, LLC

By: _______________________
Name: Jesse Blair
Title: Sole Member

<div align='center'>[SIGNATURE PAGE TO AMENDED AND RESTATED LLC AGREEMENT OF NHT OPERATING PARTNERSHIP, LLC]

I-1630</div>

INDEPENDENT MANAGERS:

____________________
Ricardo Beausoleil

____________________
Steven P. Zimmer

<div align='center'>[SIGNATURE PAGE TO AMENDED AND RESTATED LLC AGREEMENT OF NHT OPERATING PARTNERSHIP, LLC]

I-1631</div>

MEMBERS:

NHT HOLDINGS, LLC

By: ___________________
Name: James Dondero
Title: Manager

NEXPOINT REAL ESTATE OPPORTUNITIES, LLC

By: _______________________
Name: Brian Mitts
Title: Authorized Signatory

<div align='center'>[SIGNATURE PAGE TO AMENDED AND RESTATED LLC AGREEMENT OF NHT OPERATING PARTNERSHIP, LLC]

I-1632</div>

MEMBERS:

NHT HOLDINGS, LLC

By: ___________________
Name: James Dondero
Title: Manager

NEXPOINT REAL ESTATE OPPORTUNITIES, LLC

By: _______________________
Name: Brian Mitts
Title: Authorized Signatory

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