Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 71

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 71
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 risks from cybersecurity threats and previous cybersecurity incidents. |

The audit committee is also responsible for engaging an independent registered public accounting firm, reviewing with the independent registered public accounting firm the plans and results of the audit engagement, approving professional services provided by the independent registered public accounting firm, including all audit and non-audit services, reviewing the independence of the independent registered public accounting firm, considering the range of audit and non-audit fees and reviewing the adequacy of our internal accounting controls. The audit committee also prepares the audit committee report required by SEC regulations to be included in our annual proxy statement. A copy of the audit committee charter is available under the Governance section of Old NXDT’s website at nxdt.nexpoint.com.

Compensation Committee

Our Compensation Committee consists of Dr. Laffer, Mr. Kavanaugh, Mr. Constantino, Dr. Swain and Ms. Wood, with Dr. Laffer serving as chair of the committee. The Board has determined that each of Dr. Laffer, Mr. Kavanaugh, Mr. Constantino, Dr. Swain and Ms. Wood is independent as defined by NYSE rules and SEC requirements relating to the independence of compensation committee members. The Compensation Committee met five times during the fiscal year ended December 31, 2024. Our Compensation Committee charter details the principal functions of the Compensation Committee, including:

| ● | reviewing our compensation policies and plans; |

| ● | implementing and administering a long-term incentive plan; |

| ● | evaluating the terms of the Advisory Agreement, and the performance of the Adviser thereunder; |

| ● | assisting management in complying with our proxy statement and annual report disclosure requirements; |

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| ● | producing a report on compensation to be included in our annual proxy statement, as required; and |

| ● | reviewing, evaluating and recommending changes, if appropriate, to the remuneration for trustees. |

The Compensation Committee will review and approve, at least annually, corporate goals and objectives relevant to the compensation of the President and the other executive officers of Old NXDT. The Compensation Committee will, either as a committee or together with other independent trustees (as directed by the Board), evaluate the performance of the President and the other executive officers in general and in light of those corporate goals and objectives and set compensation levels for the President and the other executive officers based on those evaluations and any other factors as it deems appropriate. The Compensation Committee will also make recommendations to the Board with respect to the approval, adoption and amendment of all