Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2747

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2747
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 such date), and (iii) the representations and warranties set forth in (Capitalization) shall be true and correct in all respects as of the Closing Date as though made on and as of the Closing Date (except to the extent a representation or warranty is made as of a specific date, in which case such representation or warranty shall be true and correct in all material respects at and as of such date), except to the extent of any de minimis inaccuracies.

(b) . Each of the Company and NHT OP shall have performed or complied in all material respects with all obligations, agreements and covenants required by this Agreement to be performed by it or complied with on or prior to the Closing Date.

(c) . NXDT shall have received the written opinion (the “Company REIT Opinion”) of Winston & Strawn LLP (or other Company counsel reasonably acceptable to NXDT), dated as of the Closing Date and in the form set forth in , to the effect that for all Taxable periods commencing with its Taxable year ended December 31, 2018, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a REIT under the Code (which opinion shall be based upon the representation letter described in ).

(d) . From the date of this Agreement through the Closing Date, there shall not have occurred a Company Material Adverse Effect.

(e) . NXDT shall have received a certificate signed on behalf of the Company by an executive officer of the Company (on the Company’s behalf and without personal liability), dated as of the Closing Date, certifying that the conditions set forth in , and are satisfied, and further certifying the capitalization of New NHT following the consummation of the Reorganization, including the number of New NHT Shares issued and outstanding and any New NHT Shares which are reserved and available for future issuance, including under any Old NHT Equity Plan.

(f) . The Company shall have delivered evidence that all consents set forth in attached hereto have been obtained.

(g) . The Company shall have delivered evidence of the termination, as of the date of Closing, of that certain Amended and Restated Advisory Agreement, dated as of March 29, 2019, by and among Old NHT, NHT Holdings and NexPoint Real Estate Advisors VI, L.P.

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(h) . The Company shall have delivered evidence of the termination, as of the date of Closing, of that certain Investor Rights Agreement