Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 47

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 47
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 benefit was improperly received. However, indemnification for an adverse judgment in a suit by New NXDT or in New NXDT’s right, or for a judgment of liability on the basis that personal benefit was improperly received, is limited to expenses.

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In addition, the MGCL permits New NXDT to advance reasonable expenses to a director or officer upon receipt of:

| • | a written affirmation by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by us; and |

| • | a written undertaking by or on behalf of the director or officer to repay the amount paid or reimbursed by New NXDT if it is ultimately determined that the director or officer did not meet the standard of conduct. |

The New NXDT Charter provides that New NXDT will have the power, and the New NXDT Bylaws obligate New NXDT, to the maximum extent permitted by Maryland law in effect from time to time, to indemnify and, without requiring a preliminary determination of the ultimate entitlement to indemnification, pay or reimburse reasonable expenses in advance of final disposition of a proceeding to:

| • | any present or former director or officer who is made or threatened to be made a party to, or witness in, a proceeding by reason of his or her service in that capacity; or |

| • | any individual who, while a director or officer of New NXDT and at our request, serves or has served as a director, officer, partner, trustee, member or manager of another corporation, real estate investment trust, limited liability company, partnership, joint venture, trust, employee benefit plan or any other enterprise and who is made or threatened to be made a party to, or witness in, the proceeding by reason of his or her service in that capacity. |

The New NXDT Charter and the New NXDT Bylaws also permit New NXDT to indemnify and advance expenses to any person who served a predecessor of New NXDT in any of the capacities described above and to any employee or agent of New NXDT or a predecessor of New NXDT.

New NXDT will enter into indemnification agreements with each of its directors and executive officers that provide for indemnification to the maximum extent permitted by Maryland law.

Insofar as the foregoing provisions permit indemnification of directors, officers or persons controlling us for liability arising under the Securities Act, we have been informed that, in the opinion of the SEC, this indemnification is against public policy