Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 769

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 769
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 and credit to each such class or series of Partnership Interests; (ii) the right of each such class or series of Partnership Interests to share in Partnership distributions; and (iii) the rights of each such class or series of Partnership Interests upon dissolution and liquidation of the Partnership;

WHEREAS, the General Partner desires to authorize additional Series A Preferred Units and to cause the Partnership, following direction and approval of the Board of Directors, to issue to NexPoint Real Estate Finance, Inc., a Maryland corporation (the “”), additional Series A Preferred Units in exchange for contributions from time to time by the Company of the net proceeds from its offering of Series A Preferred Stock of the Company; and

WHEREAS, in accordance with Sections 4.2, 12.3 and 14.1 of the Agreement, the General Partner has prepared and approved this Amendment following the direction and approval of the Board of Directors.

NOW THEREFORE, the General Partner, following the direction and approval of the Board of Directors, amends the Agreement as follows:

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Section 1. . The last sentence of Section 1 of Annex A to the Agreement is hereby deleted in its entirety and replaced with the following:

“The number of authorized Series A Preferred Units shall be 11,300,000.”

Section 2. . The definition of “Articles Supplementary” in Section 2 of Annex A to the Agreement is hereby deleted in its entirety and replaced with the following:

” means the Articles Supplementary of NexPoint Real Estate Finance, Inc. (the “”) filed with the State Department of Assessments and Taxation of the State of Maryland on July 20, 2020, designating the terms, rights and preferences of the Series A Preferred Stock, and the Articles Supplementary of the Company filed the State Department of Assessments and Taxation of the State of Maryland on March 31, 2021, designating additional shares of Series A Preferred Stock.”

Section 3. .

(a) . This Amendment is limited as specified and shall not constitute a modification, amendment or waiver of any other provision of the Agreement. Except as specifically amended by this Amendment, all other provisions of the Agreement are hereby ratified and remain in full force and effect.

(b) . From and after the date hereof, all references to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment.

(c) . In the event that any provision of this Amendment or the application of any provision of