Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 310

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 310
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 may be served with process in the State of Delaware in any action, suit or proceeding for enforcement of any obligation of the statutory trust arising while it was a statutory trust of the State of Delaware, and that it irrevocably appoints the Secretary of State as its agent to accept service of process in any such action, suit or proceeding. |

| 7. | The address to which a copy of the process shall be mailed to by the Secretary of State is c/o The Corporation Trust Incorporated, 2405 York Road, Suite 201, Lutherville Timonium, Maryland 21093-2264. |

<div align='center'>[SIGNATURE PAGE FOLLOWS]

A-60</div>

In Witness Whereof, the undersigned have executed this Certificate of Conversion on this day of , A.D. .

| NEXPOINT DIVERSIFIED REAL ESTATE TRUST, a Delaware statutory trust |
| Board of Trustees:                                                 |
| Ed Constantino                                                     |
| James Dondero                                                      |
| Scott Kavanaugh                                                    |
| Arthur Laffer                                                      |
| Brian Mitts                                                        |
| Catherine Wood                                                     |
| Carol Swain                                                        |

| Delaware Trustee:                 |
| By: The Corporation Trust Company |
| By:                               |
| Name:                             |
| Title:                            |

<div align='center'>A-61</div>

| NEXPOINT DIVERSIFIED REAL      |
| ESTATE TRUST, INC., a Maryland |
| corporation                    |
| By:                            |
| Name:                          |
| Title:                         |

<div align='center'>A-62

ANNEX B: NEW NXDT CHARTER

NEXPOINT DIVERSIFIED REAL ESTATE TRUST, INC.

ARTICLES OF INCORPORATION</div>

Pursuant to Articles of Conversion filed with the State Department of Assessments and Taxation of Maryland (the “Department”) contemporaneously herewith (the “Articles of Conversion”), under which NexPoint Diversified Real Estate Trust, a Delaware statutory trust (the “Statutory Trust”), is converting to a Maryland corporation to be known as NexPoint Diversified Real Estate Trust, Inc., the undersigned, being authorized to execute and file these Articles of Incorporation, hereby forms a corporation on the terms and conditions hereinafter set forth, and hereby certifies to the Department as follows:

<div align='center'>ARTICLE I
INCORPORATOR</div>

[•], whose address is 300 Crescent Court, Suite 700, Dallas