Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 593

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 593
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 Beneficiary or Charitable Beneficiaries of the interest in the Charitable Trust such that (i) the Shares held in the Charitable Trust would not violate the restrictions set forth in Section 12.2.1(a) in the hands of such Charitable Beneficiary or Charitable Beneficiaries and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code. Neither the failure of NXDT to make such designation nor the failure of NXDT to appoint the Charitable Trustee before the automatic transfer provided in Section 12.2.1(b) shall make such transfer ineffective, provided that NXDT thereafter makes such designation and appointment.

12.4 . Nothing in this Article XII shall preclude the settlement of any transaction entered into through the facilities of the NYSE or any other national securities exchange or automated inter-dealer quotation system. The fact that the settlement of any transaction occurs shall not negate the effect of any other provision of this Article XII and any transferee in such a transaction shall be subject to all of the provisions and limitations set forth in this Article XII.

12.5 . NXDT is authorized specifically to seek equitable relief, including injunctive relief, to enforce the provisions of this Article XII.

12.6 . No delay or failure on the part of NXDT or the Board of Trustees in exercising any right hereunder shall operate as a waiver of any right of NXDT or the Board of Trustees, as the case may be, except to the extent specifically waived in writing.

12.7 . If any provision of this Article XII or any application of any such provision is determined to be invalid by any federal or state court having jurisdiction over the issues, the validity of the remaining provisions shall not be affected and other applications of such provisions shall be affected only to the extent necessary to comply with the determination of such court.

<div align='center'>ARTICLE XIII</div>

13.1 . Pursuant to Section 3807 of the DSTA, the trustee of the Trust in the State of Delaware shall be The Corporation Trust Company (including any successor trustee appointed in accordance with Section 13.2.7 of this Declaration, the “Delaware Trustee”). The address of the principal office of The Corporation Trust Company is 1209 Orange Street, Wilmington, Delaware 19801. Any reference to “Trust