This LOAN PURCHASE AND SALE AGREEMENT (the “Agreement”), is entered into and effective on and as of June 5, 2026 (the “Effective Date”), by and between NEXBANK CAPITAL INC., a Texas corporation (the “Seller”) and NexPoint Residential Trust Operating Partnership, L.P., a Delaware limited partnership (the “Purchaser”).

WHEREAS, the Seller is the sole owner, record holder, and administrative agent of the Loan identified in the Loan Schedule appended as Schedule A to the Purchase Confirmation.

WHEREAS, the Seller desires to sell to the Purchaser, and the Purchaser desires to purchase from the Seller, all right, title, and interest of the Seller in, to, and under the Loan (including the related Collateral Documents) subject to the terms and provisions set forth herein.

NOW THEREFORE, in consideration of the mutual premises and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Seller and the Purchaser (each, a “Party” and collectively, the “Parties”) hereby agree as follows:

SECTION 1. DEFINITIONS AND INTERPRETATION.

“Accrued Interest”: With respect to the Loan, all unpaid interest that accrued in connection with the Loan from the date of the last paid installment through but not including the Closing Date.

“Affiliate”: With respect to any specified Person, any other Person that directly or indirectly Controls, is Controlled by, or is under common Control with the specified Person. For purposes hereof, the term “Control” and each variant thereof shall mean the direct or indirect possession by any Person of the power to direct or cause the direction of the management or policies of any other Person, whether by contract, the ownership of voting securities, or otherwise.

“Assignment, Assumption, and Recognition Agreement”: The written instrument, in the form appended as Exhibit 2 hereto, that is duly executed by both Parties and the Borrower, and to which the Underlying Loan Agreement, the Pledge Agreement, and the Security Agreement are appended thereto.

“Applicable Law”: With respect to any Person or thing, any common law, constitution, decree, demand, injunction, judgment, order, ordinance, regulation, requirement, rule, statute, treaty, or writ issued by any Governmental Authority to which such Person or thing is subject.

“Borrower”: The Person identified as the “Borrower” under the Loan Documents. “Breach Notice”: As defined in Section 7(a).

“Business Day”: Any day other than (a) a Saturday or a Sunday, or (b) a day on which (i) branches of the Federal Reserve System are permitted or required to be closed, or (ii) banks located in the State of Texas are permitted or required to be closed. If the deadline for any Party to remit

any payment or to perform any action pursuant hereto occurs on a day that is not a Business Day, then such deadline shall be deemed extended until the next succeeding Business Day.

“Claimant”: As defined in Section 7(e).

“Closing Date”: June 5, 2026, or any other date that is mutually agreed upon by both Parties in writing. For purposes hereof, the Closing Date shall conclusively be deemed to be the “Closing Date” specified in the Purchase Confirmation.

“Collateral”: All personal property and other assets pledged, assigned, or otherwise encumbered as collateral security for the Loan pursuant to the Collateral Documents, including (a) the equity interests pledged pursuant to the Pledge Agreement, and (b) the DST Sales Proceeds and DST Sales Proceeds Account pledged pursuant to the Security Agreement, together with all proceeds thereof.

“Collateral Documents”: With respect to the Loan, all security agreements, pledge agreements, deposit account control agreements, guaranties, and other documents, instruments, and agreements executed and delivered by any Obligor in connection with the Loan to create, perfect, or maintain any lien or security interest in the Collateral, including the Pledge Agreement and the Security Agreement.

“Cut-Off Date”: The date that is the Closing Date.

“Delinquency”: With respect to the Loan, the failure by the Obligor to remit any Monthly Payment on or before the due date of the next succeeding Monthly Payment, exclusive of days of grace; provided, however, the term “Delinquency” shall not include any such failure that is attributable to borrower confusion, a servicing transfer error, or any loss mitigation activity.

“Diligence Deadline”: 12:00 p.m. Central Time on the date that is two (2) Business Days before the Closing Date.

“Disclaimed Matters” As defined in Section 4(f).

“Disclosure Schedule”: The written schedule appended as Schedule B to the Purchase Confirmation.

“DST Sales Proceeds Account”: The deposit account described on Schedule 1 to the Security Agreement, maintained at NexBank, Account Number 1639640, pledged as Collateral pursuant to the Security Agreement.

“Expiration Date”: The date that is three hundred sixty (360) days after the Closing Date. “Force Majeure Event”: As defined in Section 9(e).

“Governmental Authority”: Each (a) administrative, executive, judicial, or legislative instrumentality of any commonwealth, district, municipality, nation, state, territory, or other political subdivision thereof, and (b) governmental, non-governmental, or quasi-governmental authority empowered to regulate or supervise the activities of any Person with respect to the Loan.

“Loan”: The Non-Rejected Loan (including the related Collateral Documents) identified in the Loan Schedule appended as Schedule A to the Purchase Confirmation; provided, however, the term “Loan” shall not include the Repurchased Loan from and after the Repurchase Date.

“Loan Assets”: As defined in Section 3(a).

“Loan Document”: With respect to the Loan, each of the following documents and instruments: (a) the Note; (b) the Underlying Loan Agreement; and (c) each Collateral Document.

“Loan File”: With respect to the Loan, the compilation of all Loan Documents in the Seller's possession, custody, or control.

“Loan Proceeds”: With respect to the Loan, all scheduled and unscheduled payments of interest, principal, fees, or other proceeds due and payable to the lender on or after the Closing Date in connection with the Loan, except to the extent of (i) any such interest that is attributable to the period of time before the Closing Date, and (ii) any such principal, fees, or other proceeds that are attributable to the period of time before the Cut-Off Date.

“Loan Schedule”: The written schedule appended as Schedule A to the Purchase Confirmation. The Loan Schedule shall include all of the following information as of the Cut-Off Date with respect to the Loan: (a) the Seller’s loan number; (b) name of each Obligor; (c) a brief description of the Collateral; (d) origination date; (e) maturity date; (f) interest rate; (g) index rate (if applicable); (h) rate margin (if applicable); (i) reset date (if applicable); (j) original Principal Balance; (k) current Principal Balance; (l) reserve balance (if any); (m) default interest rate; (n) scheduled payment amount and frequency; (o) current paid-to-date; and (p) the Purchase Price Percentage.

“Material Breach”: As defined in Section 7(a).

“Monthly Payment”: With respect to the Loan, the scheduled payment of principal, interest, and other amounts (including fees) required to be paid by the Borrower each month in connection with the Loan.

“Non-Rejected Loan”: As defined in Section 2(c).

“Note”: With respect to the Loan, the promissory note or other written instrument executed by or on behalf of the Borrower and evidencing its promise to pay the indebtedness owed in connection with the Loan.

“Noticed Breach”: As defined in Section 7(a).

“Obligor”: With respect to the Loan, each Person who is a borrower (including the Borrower), co-borrower, guarantor, pledgor, or other obligor of the indebtedness evidenced by the Note.

“Pledge Agreement”: The Pledge Agreement, dated as of January 14, 2026, executed by The Dugaboy Investment Trust, as pledgor, in favor of the Seller, as administrative agent for the

benefit of the lenders, granting a security interest in the Pledged Equity (as defined therein) as Collateral for the Loan, together with all amendments, restatements, and supplements thereto.

“Person”: Any (a) natural person, (b) company, corporation, joint venture, partnership, syndicate, trust, or other type of juridical entity or non-juridical association through which any activity is conducted, or (c) Governmental Authority.

“Principal Balance”: With respect to the Loan, the outstanding principal balance of the Loan as of the date of determination, after giving effect to all scheduled payments and unscheduled prepayments of principal received by or on behalf of the holder of the Loan on or before such date.

“Purchase Confirmation”: The written instrument, in the form appended as Exhibit 1 hereto, that is duly executed by both Parties and to which the Loan Schedule is appended as Schedule A thereto.

“Purchase Consideration”: The sum of (a) the Purchase Price for the Loan, plus (b) the Accrued Interest for the Loan.

“Purchase Price”: With respect to the Loan, the product of (a) the Purchase Price Percentage, multiplied by (b) the Principal Balance of the Loan as of the Cut-Off Date.

“Purchase Price Percentage”: One hundred and 00/100 percent (100.00%).

“Purchaser”: NexPoint Residential Trust Operating Partnership, L.P., including its successors and permitted assigns.

“Representative”: With respect to any specified Person, any other Person that is an accountant, administrator, agent, attorney, banker, broker, contractor, director, employee, manager, member, officer, partner, shareholder, trustee, or other designee of the specified Person. For purposes hereof, no Party, its Affiliates, or its or their respective Representatives shall be deemed a Representative of the other Party, its Affiliates, or its or their respective Representatives.

“Repurchase Date”: With respect to the Loan, the date on which the Seller remits full payment of the Repurchase Price for the Loan in accordance with Section 7(b).

“Repurchase Price”: With respect to any Loan, the sum of (a) the product of the Purchase Price Percentage, multiplied by the Principal Balance of such Loan as of the Repurchase Date, plus (b) all (if any) Accrued Interest paid by the Purchaser to the Seller in connection with such Loan on the Closing Date, less all payments and prepayments of interest received by or on behalf of the Purchaser in connection with such Loan on or after the Closing Date; provided, however, the Purchaser shall not be entitled to recover any servicing advances made, or any servicing costs or expenses incurred, by or on behalf of the Purchaser in connection with the servicing of such Loan on or after the date on which the Purchaser discovers a breach of representation or warranty with respect to such Loan, except to the extent such advances, costs, and expenses were made or incurred with the Seller’s prior written consent.

“Repurchased Loan”: As defined in Section 7(b).

“Respondent”: As defined in Section 7(e).

“Security Agreement”: The Security Agreement, dated as of January 14, 2026, executed by NexPoint Waterford Holdco, LLC, as debtor, in favor of the Seller, as administrative agent for the benefit of the lenders, granting a security interest in the DST Sales Proceeds and DST Sales Proceeds Account as Collateral for the Loan, together with all amendments, restatements, and supplements thereto.

“Security Instrument”: With respect to the Loan, each deed of trust, financing statement, mortgage, pledge agreement (including the Pledge Agreement), security agreement (including the Security Agreement), security deed, vendor’s deed, assignment of leases and rents, chattel mortgage, or other written instrument executed by or on behalf of the Obligor and evidencing its grant of a lien or security interest upon the Collateral described therein as security for the payment and performance of the Loan.

“Seller”: NexBank Capital, Inc., including its successors and permitted assigns.

“Seller Advance”: With respect to any Non-Rejected Loan, all corporate, escrow, and other servicing advances made by or on behalf of the Seller in connection with the servicing of such Non-Rejected Loan before the Closing Date, including (a) for the payment of common charges, ground rents, insurance premiums, leasehold payment, municipal assessments, property taxes, sewer rents, water charges, or other amounts which may become a lien upon the Collateral, or (b) in connection with (i) the inspection, management, marketing, maintenance, preservation, protection, restoration, or sale of the Collateral, or (ii) the investigation, prosecution, defense, or appeal of any legal proceeding or administrative action relating to such Loan, the Collateral, or the Obligor.

“Seller’s Knowledge”: “Knowledge,” as that term is defined in Section 1-202(b) of the New York Uniform Commercial Code, which is deemed received by the Seller pursuant to Section 1-202(f) thereof.

“Seller’s Servicer”: NexBank, in its capacity as subservicer for the Seller, or any other Person subsequently designated by the Seller in its sole discretion.

“Standard Qualifications”: As defined in Section 4(a).

“UCC”: The Uniform Commercial Code as in effect from time to time in the applicable jurisdiction.

“Underlying Loan Agreement”: The Credit Agreement, dated as of January 14, 2026, by and among NexPoint Advisors, L.P. and NexPoint Waterford Holdco, LLC, as Borrowers, the lenders party thereto, and the Seller, as administrative agent, as amended, restated, supplemented, or otherwise modified from time to time.

“Unsold Loan”: As defined in Section 3(b).

principle, or Applicable Law which may recommend or require a presumption against or in favor of any Party. The preamble, each recital, and each attachment, exhibit, and schedule hereto are made a part hereof and incorporated herein. The heading of each provision herein is used for convenience of reference and shall not affect the construction or interpretation hereof. The use of any word in the plural form shall be construed and interpreted to include the singular form as well, and vice versa. The use of any word in the present tense shall be construed and interpreted to include the future tense as well, and vice versa. The use of any word in the masculine gender shall be construed and interpreted to include the feminine gender as well, and vice versa. The word “any” shall be construed and interpreted to mean “any or all,” and the word “each” shall be construed and interpreted to mean “each and every.” The words “day” and “days” shall be construed and interpreted to refer to calendar days, including weekends and holidays, except when used as part of the defined term “Business Day.” The words “hereby,” “herein,” “hereof,” “hereto,” “hereunder,” and words of similar import shall be construed and interpreted to refer to this Agreement in its entirety. The word “including” and each variant thereof shall be construed and interpreted to mean “including without limitation” in the unrestricted sense. The word “may” shall be construed and interpreted to confer a permissive right rather than impose a mandatory obligation, and the words “shall” and “will” shall be construed and interpreted to impose a contractual covenant rather than express a mere intention. The word “or” shall be construed and interpreted to mean “and/or” in the non-exclusive sense. Each reference to any specified agreement (including this Agreement), document, or instrument shall be construed and interpreted to include each addendum, attachment, annex, exhibit, rider, schedule, and supplement thereto, and each amendment, extension, modification, novation, and restatement thereof. Each reference to any specified Applicable Law shall be construed and interpreted to include each legislative amendment and replacement thereof, each administrative regulation and rule promulgated thereunder, and each executive order and judicial decision relating thereto. Each reference to any specified Person (including each Party) shall be construed and interpreted to include each successor and permitted assign thereof.

SECTION 2. PURCHASE AND SALE.

and statutory representations and warranties, other than the limited representations and warranties expressly set forth in Section 5 and Section 6, and (iii) no Representative of the Seller has made, or has been authorized to make, any representations or warranties to the Purchaser or any Representative thereof.

Section 3(b)(i) with respect to the Loan; and (B) the Seller’s receipt of the Purchase Consideration for the Loan in accordance with Section 2(e).

SECTION 3. TRANSFER OF OWNERSHIP.

(A) an original Assignment, Assumption, and Recognition Agreement with respect to the Loan, duly executed by or on behalf of the Seller, assigning all of the Seller's right, title, and interest in, to, and under the Loan and the related Collateral Documents to the Purchaser without recourse, representation, or warranty except as expressly set forth herein; and (B) such other instruments of transfer and assignment as may be reasonably necessary to evidence the transfer of the Loan to the Purchaser, including, as applicable, assignments, allonges, endorsements, deposit account control

agreements, collateral assignments, servicing transfer documents, register updates, and administrative agent acknowledgements. If the Loan is not purchased and sold on the Closing Date (in which case, the Loan shall be an “Unsold Loan”), the Purchaser shall, promptly thereafter, return to the Seller all Loan Documents and the Loan File delivered by the Seller with respect to the Loan.

SECTION 4. REPRESENTATIONS, WARRANTIES, AND COVENANTS OF THE PURCHASER.

The Purchaser hereby represents and warrants to the Seller, on and as of the Effective Date and the Closing Date, as follows:

U.S.C. § 1813(c)(2), then this Agreement (i) complies with all federal, state, and local banking laws, rules, regulations, and requirements to which the Purchaser is subject, (ii) is being executed by the Purchaser contemporaneously with the agreement reached among the Parties, and (iii) has been approved by a corporate resolution that was (A) duly adopted by and reflected in the minutes of the Purchaser’s board of directors, and (B) duly certified by the secretary, assistant secretary, treasurer, or assistant treasurer of the Purchaser’s board of directors;

required exemptions therefrom, that are necessary for the Purchaser to conduct its business and to own and administer commercial loans of the same type as the Loan, (iv) does not believe, nor does it have any reason to believe, that it cannot perform its respective covenants, obligations, and undertakings hereunder and in accordance herewith, and (v) has not engaged any agent, broker, or salesperson that is entitled to receive payment of a commission or other compensation from the Seller in connection with the transactions contemplated hereby;

(iii) was provided an opportunity to perform and has performed, or elected not to perform, all independent examinations, inquiries, and investigations of the Loan, including the Private Diligence Materials and Public Diligence Materials (collectively, the “Diligence Materials”), to the extent the Purchaser deems necessary or appropriate to make an informed business decision to purchase the Loan, and (iv) is relying solely upon its own independent examinations, inquiries, and investigations in deciding to purchase the Loan, and is not relying upon any oral or written representations, warranties, or statements made by or on behalf of the Seller or its Representatives, other than the representations and warranties expressly set forth in Section 5 and Section 6;

(ii) the Loan may be evidenced by a Note that is lost or missing and cannot be obtained, but for which the Loan File includes a lost note affidavit from the lender that was in possession of the Note at the time it was lost and such lost note affidavit is sufficient, in form and substance, to

permit enforcement of the Loan under applicable law, (iii) intentionally deleted, (iv) the value of the Collateral may be adversely affected by market conditions, the financial condition of the Borrower, or other factors beyond the Seller's control, (v) the Underlying Loan Agreement and Collateral Documents may contain provisions that limit or condition the Purchaser's ability to enforce its rights against the Borrower or the Collateral, and (vi) except as set forth in Sections 5 and 6 of this Agreement, the Seller has not made, will not make, and hereby disclaims all express, implied, and statutory representations and warranties relating to the matters set forth in Section 4(e), and/or clauses (i) through (v) of this Section 4(f), and/or the Disclosure Schedule (collectively, the “Disclaimed Matters”). The Purchaser acknowledges that the Loan may be affected by one or more of the Disclaimed Matters, confirms that the Purchaser has elected to purchase the Loan notwithstanding the fact that it may be affected by one or more of the Disclaimed Matters, and agrees that the Purchaser is knowingly assuming all risks and liabilities associated with the Disclaimed Matters. Notwithstanding anything herein to the contrary, nothing in this Section shall limit or qualify any liability arising from intentional fraud or willful concealment of material information.

SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE SELLER.

The Seller hereby represents and warrants to the Purchaser, on and as of the Effective Date and the Closing Date, as follows:

incur any indebtedness that would be beyond the ability of the Seller to pay upon maturity, or to hinder, delay, or defraud any Person to which the Seller is indebted; and

SECTION 6. REPRESENTATIONS AND WARRANTIES REGARDING THE LOAN.

Except with respect to the Disclaimed Matters, the Seller hereby represents and warrants to the Purchaser, on and as of the Closing Date, as follows with respect to the Loan:

Standard Qualifications. All parties to the Note and the Underlying Loan Agreement had legal capacity to enter into the Loan and to execute and deliver the Note and the Underlying Loan Agreement.

(i) liens and security interests that constitute "Permitted Liens" as defined in the Underlying Loan Agreement, and (ii) any restrictions on transfer or assignment arising under applicable securities laws or the organizational documents of any pledged entity (clauses (i) and (ii), collectively, the "Permitted Exceptions"). To the Seller's Knowledge, the security interest granted to the Seller in the Collateral has been duly perfected under the UCC or other applicable law, as appropriate, and constitutes a first-priority security interest in the Collateral, subject only to the Permitted Exceptions.

received written notice of any circumstances which, to the Seller’s Knowledge, are continuing on the Closing Date and constitute (or reasonably could be expected to constitute) an Event of Default under the Underlying Loan Agreement. The Seller has not agreed to waive any Event of Default or event of acceleration under the Underlying Loan Agreement or any Collateral Document. The Loan is not cross-collateralized or cross-defaulted with any other loan.

SECTION 7. RIGHTS AND REMEDIES.

Seller’s receipt of a timely provided Breach Notice in accordance with this Section 7(a), the Seller shall use commercially reasonable efforts in good faith to cure the Noticed Breach described therein within thirty (30) days after the date on which the Seller received the Breach Notice (the “Cure Period”); provided, however, if the Seller is diligently proceeding to cure the Noticed Breach but is unable to do so before the expiration of the Cure Period as a result of a Force Majeure Event beyond the Seller’s commercially reasonable control, then the Seller may request and shall be granted a thirty (30) day extension of the Cure Period by providing written notice thereof to the Purchaser by email. If the Seller fails to cure the Noticed Breach in all material respects before the expiration of the Cure Period, then the Seller shall repurchase the Loan and remit payment of the Repurchase Price subject to the terms and provisions set forth in Section 7(b).

Promptly upon the satisfaction (or written waiver by the Seller) of all of the foregoing conditions precedent, the Seller shall repurchase such Loan (each, a “Repurchased Loan”) and remit payment of the Repurchase Price for such Repurchased Loan by wire transfer of immediately available funds to the depository account designated by the Purchaser in writing not less than two

(2) Business Days before the Repurchase Date. Immediately upon the Seller’s remittance of the Repurchase Price for any Repurchased Loan in accordance with this Section 7(b), and without any further action by or notice to either Party, (i) the Purchaser shall and hereby does assign, convey, and transfer to the Seller, on and as of the Repurchase Date and subject to the terms and provisions set forth in this paragraph, all then existing and thereafter acquired right, title, and interest of the Purchaser in, to, and under (A) such Repurchased Loan, including the related Loan Files and all documents and instruments therein, (B) all scheduled and unscheduled payments of principal received on or after the Repurchase Date in connection with such Repurchased Loan, (C) all scheduled and unscheduled payments of interest received on or after the Repurchase Date in connection with such Repurchased Loan, (D) all other Loan Proceeds received on or after the Repurchase Date in connection with such Repurchased Loan, and (E) all rights of the Purchaser under the Collateral Documents related to such Repurchased Loan from and after the Repurchase Date (collectively, the “Repurchased Loan Assets”); and (ii) the Seller shall and hereby does accept, assume, and receive from the Purchaser, on and as of the Repurchase Date and subject to the terms and provisions set forth in this paragraph, (A) all then existing and thereafter acquired right, title, and interest of the Purchaser in, to, and under the Repurchased Loan Assets, and (B) all then existing and thereafter arising duties, liabilities, obligations, and responsibilities arising under, incidental to, resulting from, or relating to the Repurchased Loan Assets from and after the Repurchase Date. Thereafter, all Loan Documents, Loan Proceeds, and other Repurchased Loan Assets that remain in or come into the Purchaser’s possession, custody, or control with respect to such Repurchased Loan shall be held by the Purchaser in trust for the Seller and shall be delivered to the Seller or its designee not later than five (5) Business Days after the earlier of the Purchaser’s receipt thereof or the Seller’s demand therefor.

(iii) the mere fact of a breach by Seller of any representation or warranty shall not, standing alone be deemed to constitute nor be admissible as evidence of bad faith, lack of good faith, fraudulent inducement, fraudulent misrepresentation, or fraudulent misconduct of any kind. Notwithstanding anything to the contrary in this Agreement, the limitations on survival, cure, repurchase, indemnification, damages, and exclusive remedies set forth in this Section 7 shall not

apply to claims arising from or relating to intentional fraud, willful misconduct, or gross negligence. Each Party expressly, irrevocably, and unconditionally releases and waives, to the fullest extent permissible by Applicable Law, all rights such Party may have to claim or recover from the other Party (i) any consequential, exemplary, incidental, indirect, multiple, punitive, special, or speculative damages except to the extent expressly permitted herein, irrespective of whether such damages were foreseeable by or known to any Party, or are otherwise available to any Party at law or in equity, or (ii) any amounts attributable to or associated with business interruptions, data losses, lost goodwill, lost opportunities, lost profits, operating losses, reputational harm, or “general and administrative expenses,” as that term is defined for purposes of Generally Accepted Accounting Principles, incurred or sustained by the Claimant.

(iii) specify the total dollar amount and/or other non-monetary relief that the Claimant would be willing to accept from the Respondent to resolve the Noticed Dispute. Not later than five (5) Business Days after any Party’s delivery or receipt of a Dispute Notice in accordance with this Section 7(e), such Party shall designate a senior officer with authority to agree upon a mutually acceptable resolution of the Noticed Dispute described therein (each, a “Designated Officer”), and shall provide written notice of such designation to the other Party in accordance with Section

9(a). Promptly thereafter, both Designated Officers shall use commercially reasonable efforts in good faith to initially and, as necessary, periodically confer (by online meeting or telephonic conference) and endeavor to negotiate a mutually agreeable resolution of such Noticed Dispute. If a Noticed Dispute is not resolved to the Claimant’s reasonable satisfaction within thirty (30) days after the date of the Designated Officers’ initial conference (the “Resolution Period”), then the Claimant may commence a Related Action with respect to such Noticed Dispute, but shall do so only in accordance with the following paragraph.

SUBJECT TO THE LIMITATIONS SET FORTH IN SECTION 7(D) AND THIS SECTION 7(E), EACH RELATED ACTION SHALL BE COMMENCED AND DETERMINED EXCLUSIVELY IN ANY STATE OR FEDERAL COURT LOCATED IN THE CITY AND COUNTY OF DALLAS IN THE STATE OF TEXAS. EACH PARTY (I) COVENANTS NOT TO COMMENCE ANY RELATED ACTION EXCEPT IN SUCH COURTS, (II) SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE PERSONAL JURISDICTION OF SUCH COURTS FOR PURPOSES OF EACH RELATED ACTION, AND (III) WAIVES, TO THE FULLEST EXTENT PERMISSIBLE BY APPLICABLE LAW, (A) ALL OBJECTIONS THAT SUCH COURTS ARE AN INCONVENIENT FORUM OR IMPROPER VENUE FOR ANY RELATED ACTION, AND (B) ALL RIGHTS TO A TRIAL BY JURY IN CONNECTION

WITH EACH RELATED ACTION. EACH PARTY ACKNOWLEDGES AND AGREES THAT ITS RESPECTIVE FAILURE TO COMPLY WITH THE DISPUTE RESOLUTION PROCEDURES SET FORTH IN THIS SECTION 7(E) WITH RESPECT TO A PARTICULAR DISPUTE SHALL CONSTITUTE AN AFFIRMATIVE DEFENSE TO, AND A BASIS FOR DISMISSAL WITHOUT PREJUDICE OF, ANY JUDICIAL PROCEEDING OR OTHER LEGAL ACTION THAT IS BASED, IN WHOLE OR IN PART, UPON ANY TRANSACTIONS OR OCCURRENCES THAT GAVE RISE TO SUCH DISPUTE.

SECTION 8. POST-CLOSING ADMINISTRATION AND SERVICING.

The Seller shall terminate its administration and servicing of the Loan on and as of the Closing Date, and shall transfer the administration and servicing of the Loan to the Purchaser or its designee on and as of the Closing Date. The Purchaser shall assume the administration and servicing of the Loan from the Seller on and as of the Closing Date, and shall perform the administration and servicing of the Loan in accordance with all Applicable Laws and the terms of the Loan Documents at all times from and after the Closing Date.

Not later than five (5) Business Days after the Closing Date, the Seller shall or shall cause the Seller’s Servicer to remit to the Purchaser all funds held by or on behalf of the Seller or the Seller’s Servicer in any escrow, reserve, or impound account in connection with the Loan (collectively, the “Escrow Funds”) as of the Closing Date. For a period of ninety (90) days following the Closing Date, the Seller shall, or shall cause the Seller’s Servicer to, deliver to the Purchaser or its designee, not later than five (5) Business Days after the Seller’s or the Seller’s Servicer’s actual receipt and identification thereof, all documents, instruments, and Loan Proceeds that remain in or come into the Seller’s or the Seller’s Servicer’s actual possession with respect to the Loan during such ninety (90) day period. After the expiration of such ninety (90) day period, the Seller shall, or shall cause the Seller’s Servicer to, return to the sender thereof all documents, instruments, and Loan Proceeds that come into the Seller’s or the Seller’s Servicer’s actual possession with respect to the Loan. The Seller and the Seller’s Servicer shall not have any obligation to deliver any documents, information, or Loan Proceeds to the Purchaser after the Closing Date except as expressly set forth in this Section 8.

SECTION 9. MISCELLANEOUS PROVISIONS.

If to the Seller: NexBank Capital, Inc.

2515 McKinney Ave., Suite 1100

Dallas, TX 75201 Attention: Mike Mendelow

With a copy to: mike.mendelow@nexbank.com

jason@goldsmithpllc.com

If to the Purchaser: NexPoint Residential Trust Operating Partnership, L.P.

300 Crescent Court, Suite 700

Dallas, Texas 75201 Attention: Robert Harris

With a copy to: RHarris@Nexpoint.com

dsauter@nexpoint.com isaac.brown@wickphillips.com

Any notice provided in strict accordance with this Section 9(a) shall conclusively be deemed to have been received on the earlier of (i) the date the notice is actually received, as evidenced by the delivery confirmation (if sent by overnight courier) or the return receipt (if sent by certified mail), and (ii) the date that is two (2) Business Days after the date of dispatch (if sent by overnight courier) or five (5) Business Days after the date of dispatch (if sent by certified mail), irrespective of whether the carrier actually delivers the notice or the recipient actually accepts delivery thereof. Any notice not provided in strict accordance with this Section 9(a) shall conclusively be deemed to have not been received by the receiving Party unless and until such notice is actually received, as evidenced by the delivery confirmation (if sent by overnight courier) or the return receipt (if sent by certified mail).