Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 280

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 280
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 Office of the Superintendent of Securities (Newfoundland & Labrador) Nova Scotia Securities Commission 
 The Office of the Superintendent Securities (Prince Edward Island) Financial and Consumer Affairs Authority of Saskatchewan                                       |

Dear Sirs/Madams:

Re: Notice of Change of Auditors of NexPoint Hospitality Trust (the "Trust")

Pursuant to National Instrument 51-102 Continuous Disclosure Obligations,we have reviewed the information contained in the Notice of Change of Auditor of the Trust dated January 12, 2024 and, based on our knowledge of such information at this time, we agree with the statements made in the Notice pertaining to our firm. We advise that we have no basis to agree or disagree with the comments in the Notice relating to Frazier & Deeter, LLC.

Yours very truly,

Chartered Professional Accountants

Licensed Public Accountants

MNP LLP 1 Adelaide Street East, Suite 1900, Toronto ON, M5C 2V9 1.877.251.2922 T: 416.596.1711 F: 416.596.7894

<div align='center'>F-7</div>

| APPENDIX G    
 BOARD CHARTER |

### NEXPOINT HOSPITALITY TRUST
<div align='center'>CHARTER OF THE BOARD OF TRUSTEES
(THE“CHARTER”) ADOPTED

MAY 28, 2019</div>

| 1. | Purpose |

The purpose of this Charter is to set out the mandate and responsibilities of the board of trustees (the “Board”) of NexPoint Hospitality Trust (the “REIT”). By approving this Charter, the Board confirms its responsibility for the stewardship of the REIT and its affairs. This stewardship function includes responsibility for the matters set out in this Charter. The responsibilities of the Board described herein are pursuant to, and subject to, the provisions of applicable statutes and the Declaration of Trust of the REIT and do not impose any additional responsibilities or liabilities on the trustees at law or otherwise.

| 2. | Composition |

The Board shall be constituted with a majority of individuals who qualify as “independent” as defined in National Instrument 58‑101 – Disclosure of Corporate Governance Practices(“NI 58-101”), provided, however, that if at any time a majority of the trustees are not independent because of the death, resignation, bankruptcy, adjudicated incompetence, removal or change in circumstance of any trustee who was an independent trustee within