0001193125-16-625033 Sample Contracts

DISTRIBUTION AGREEMENT

Distribution Agreement • June 17th, 2016 • Nexpoint Real Estate Strategies Fund • New York

• Contract Type
  Distribution Agreement
• Filed
  June 17th, 2016
• Company
  Nexpoint Real Estate Strategies Fund
• Jurisdiction
  New York

This Distribution Agreement (“Agreement”) is made by and between NexPoint Real Estate Strategies Fund (the “Fund”) and Highland Capital Funds Distributor, Inc. (the “Distributor”), and is effective as of the date accepted and agreed to by the Distributor below.

FORM OF ADVISORY AGREEMENT BY AND AMONG [NEXPOINT REIT SUB], [NEXPOINT REIT SUB OP] AND NEXPOINT ADVISORS, L.P.

Advisory Agreement • June 17th, 2016 • Nexpoint Real Estate Strategies Fund • New York

• Contract Type
  Advisory Agreement
• Filed
  June 17th, 2016
• Company
  Nexpoint Real Estate Strategies Fund
• Jurisdiction
  New York

THIS ADVISORY AGREEMENT (this “Agreement”), dated as of , 2016, is entered into by and among [NexPoint REIT Sub], a Maryland corporation (the “Company”), [NexPoint REIT Sub OP], a Delaware limited liability company (the “Operating Partnership”) and NexPoint Advisors, L.P., a Delaware limited partnership (the “Advisor”).

INVESTMENT ADVISORY AND ADMINISTRATIVE SERVICES AGREEMENT

Investment Advisory • June 17th, 2016 • Nexpoint Real Estate Strategies Fund • Delaware

• Contract Type
  Investment Advisory
• Filed
  June 17th, 2016
• Company
  Nexpoint Real Estate Strategies Fund
• Jurisdiction
  Delaware

AGREEMENT made as of May 18, 2016, by and between NexPoint Advisors, L.P., a Delaware limited partnership (the “Adviser”), and NexPoint Real Estate Strategies Fund, a Delaware statutory trust (the “Trust”).

EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT NEXPOINT REAL ESTATE STRATEGIES FUND

Expense Limitation and Reimbursement Agreement • June 17th, 2016 • Nexpoint Real Estate Strategies Fund • New York

• Contract Type
  Expense Limitation and Reimbursement Agreement
• Filed
  June 17th, 2016
• Company
  Nexpoint Real Estate Strategies Fund
• Jurisdiction
  New York

THIS AGREEMENT is hereby made as of the 18th day of May 2016 (this “Agreement”) between NexPoint Real Estate Strategies Fund, a Delaware statutory trust (the “Trust”), and NexPoint Advisors, L.P., a Delaware limited partnership (the “Adviser”).

AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST

Agreement • June 17th, 2016 • Nexpoint Real Estate Strategies Fund • Delaware

• Contract Type
  Agreement
• Filed
  June 17th, 2016
• Company
  Nexpoint Real Estate Strategies Fund
• Jurisdiction
  Delaware

WHEREAS, this Trust is a Delaware statutory trust formed pursuant to a Certificate of Trust filed with the Secretary of the State of Delaware on January 11, 2016 and the entering into of a Declaration of Trust, dated as of January 11, 2016 (which Declaration of Trust is hereby amended and restated in its entirety);