An NTM that runs in time nk on every branch can be simulated by a deterministic TM in time 2O(nk). So NP ⊆ EXPTIME.
Every NP language can be decided by a deterministic Turing machine running in time 2O(nk) for some k. Equivalently: every NTM that halts on every branch in time nk can be deterministically simulated in time 2O(nk).
This gives the first proven containment in the P ⊆ NP ⊆ EXPTIME chain. Combined with P ⊊ EXPTIME (time hierarchy theorem), it means at least ONE of (P ⊊ NP), (NP ⊊ EXPTIME) is true — we just don't know which.
Time analysis: the tree has fan-out ≤ b and depth ≤ T, so it has at most bT = b|x|k leaves. Visiting each takes poly(|x|) time. Total: 2O(|x|k). That's EXPTIME.
Branching factor b = 2, depth ≤ n. Tree size: 2n leaves. DSim explores all 2n assignments — exactly brute force, exponential in n. For n = 4: tree has 16 leaves, DSim checks all 16.