Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 129

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 129
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 undertaking, (y) Old NXDT being insured against losses arising by reason of any lawful advances or (z) a majority of a quorum of the Board not party to the action, or if a majority vote of such quorum so direct, independent legal counsel in a written opinion, concluding, based on a review of readily available facts, that there is substantial reason to believe that the party ultimately will be found entitled to indemnification—Old NXDT has agreed to make advance payments in connection with the expenses of defending any action with respect to which indemnification might be sought under the Declaration of Trust. 
 The Declaration of Trust also grants Old NXDT the power and authority to indemnify and provide for the advance payment of expenses to employees, agents and other persons providing services to Old NXDT or serving in any capacity at the request of Old NXDT to the full extent permitted by law, provided that such indemnification has been approved by a majority of Old NXDT’s trustees.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     | The New NXDT Charter gives New NXDT the power to, and the New NXDT Bylaws obligate New NXDT to, to the maximum extent permitted by Maryland law in effect from time to time, indemnify and, without requiring a preliminary determination of the ultimate entitlement to indemnification, pay or reimburse reasonable expenses in advance of final disposition of a proceeding to:                                                                                                                                                   
 ●     any individual who is a present or former director or officer of New NXDT or any of its predecessors who is made or threatened to be made a party to, or witness in a proceeding by reason of his or her service in such capacity; and                                                                                                                                                                                                                                                                                         
 ●     any individual who, while a director or officer of New NXDT or any of its predecessors and at New NXDT’s or any of its predecessors’ request, serves or has served as a director, officer, trustee, member, manager or partner of another corporation, real estate investment trust, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise and who is made or threatened to be made a party to, or witness in a proceeding by reason of his or her service in such capacity; 
 in either case, from and against any claim or liability to which such person may become subject or which such person may incur by reason of his or her service in such capacity.                                                                                                                                                                                                                                                                                                                                                     
 The New NXDT Charter also provides that New NXDT may indemnify and advance expenses to any person who