MANAGEMENT FEE WAIVER AGREEMENT NB CROSSROADS PRIVATE MARKETS ACCESS FUND LLC
Exhibit (g)(4)
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xxxxxxxxx Xxxxxx Investment Advisers LLC
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Ladies and Gentlemen:
Xxxxxxxxx Xxxxxx Investment Advisers LLC (the “Adviser”) hereby agrees, that for the period beginning on the commencement of operations
(“Commencement Date”) of the NB Crossroads Private Markets Access Fund LLC (the “Fund”) until December 31, 2021 (“Limitation Period”), to reduce its
Management Fee to 0.50% (50bps) per annum, of the average monthly net assets (“Initial Fee Waiver”).
The Adviser further agrees that effective on the Commencement Date until March 31, 2022, that the Adviser will further
reduce its Management Fee to 0.25% (25bps) per annum, of the average monthly net assets (“Additional Fee Waiver”)
Neither the Initial Fee Waiver nor the Additional Fee Waiver shall apply to nor have any effect on the Incentive Fee
pursuant to the terms of the Investment Advisory Agreement dated October 22, 2020.
This Agreement is made and to be performed
principally in the State of New York, and except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling, this Agreement shall be governed by, and construed and enforced in accordance
with, the internal laws of the State of New York. Any amendment to this Agreement shall be in writing signed by the parties hereto, and requires the approval of the Board of Managers of the Fund, including a majority of the Managers who are
not “interested persons” of the Fund as that term is defined in the Investment Company Act of 1940. This Agreement supersedes any prior agreement with respect to the subject matter hereof.
The foregoing Agreement is hereby accepted on December 15, 2020, as amended on January 19, 2021.
If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and
return the same to us.
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Very truly yours,
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NB CROSSROADS PRIVATE MARKETS
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ACCESS FUND LLC
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By:
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Name:
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Xxxxx Xxxxxx
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Title:
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President and Chief Executive Officer
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XXXXXXXXX XXXXXX INVESTMENT
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ADVISERS LLC
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By:
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Name:
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Xxxxx Xxxxxxx
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Title:
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Managing Director
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