Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1493

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1493
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 U.S. federal income tax purposes and shall take all actions, and shall refrain from taking any action, required by the Code or Regulations thereunder to maintain classification for U.S. federal income tax purposes of the Partnership as a partnership. The General Partner, on behalf of the Partnership, shall use its best efforts not to take any action which would result in the Partnership being a “publicly traded partnership” within the meaning of either Section 469(k)(2) or 7704(b) of the Code. Subject to this , it is expressly acknowledged and agreed by the Partners that the General Partner may, following Partnership Board Approval, waive or otherwise modify the application with respect to any Partner(s) or Assignee(s) of any provision herein restricting, prohibiting or otherwise relating to (a) the transfer of a Limited Partner Interest or the Partnership Units evidencing the same, (b) the admission of any Limited Partners and (c) the Redemption Rights of such Partners, and that such waivers or modifications may be made by the General Partner at any time or from time to time, including, without limitation, concurrently with the issuance of any Partnership Units pursuant to the terms of this Agreement.

<div align='center'>21

I-1164

ARTICLE 4.
CAPITAL CONTRIBUTIONS</div>

Section 4.1. .

At the time of their respective execution of this Agreement by delivery of a counterpart signature page to the same or an equivalent thereof, the Partners shall make or shall have made Capital Contributions. The Partners shall own Partnership Units of the class or series and in the amounts and shall have a Percentage Interest in the Partnership, in each case, as set forth on the books and records of the Partnership. The Percentage Interest shall be adjusted from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner’s Percentage Interest. Except as provided in , and , the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership. Each Limited Partner that contributes any Contributed Property shall promptly provide the General Partner with any information regarding such Contributed Property that is requested by the General Partner or the Company, including for Partnership tax return reporting purposes.

Section 4.2. .

The General Partner is hereby authorized, following Partnership Board Approval, to cause the Partnership from time to time to issue to any existing Partner (including the General Partner and