ADMINISTRATION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS R6
XXXXXXXXX XXXXXX ALTERNATIVE FUNDS
CLASS R6
This Agreement is made as of December 31, 2013, between Xxxxxxxxx Xxxxxx Alternative Funds, a Delaware statutory trust (“Trust”), and Xxxxxxxxx Xxxxxx Management LLC, a Delaware limited liability company (“Administrator”) with respect to Class R6 shares of the series listed on Schedule A.
(a) Training programs for personnel of such Agent;
(b) Joint programs with such Agent for the development of systems software, shareholder information reports, and other special reports;
(c) Automatic data exchange facilities with shareholders and such Agent;
(d) Automated clearing house transfer procedures between shareholders and such Agent; and
(e) Touch-tone telephone information and transaction systems for shareholders.
The Administrator shall provide such of the following services as are required by any Series or its shareholders who purchase shares directly:
1.3.1 Direct shareholder services, consisting of:
(a) Processing Series share purchase and redemption requests transmitted or delivered to the office of the Administrator;
(b) Coordinating and implementing bank-to-bank wire transfers in connection with Series share purchases and redemptions;
(c) Executing exchange orders involving concurrent purchases and redemption of shares of a Series and shares of other Series or of other investment companies or series thereof;
(d) Responding to telephonic and in-person inquiries from existing shareholders or their representatives requesting information regarding matters such as shareholder account or transaction status, net asset value (“NAV”) of Series shares, and Series performance, Series services, plans and options, Series investment policies, Series portfolio holdings, and Series distributions and classification thereof for tax purposes;
(e) Dealing with shareholder complaints and correspondence directed to or brought to the attention of the Administrator; and
(f) Generating or developing and distributing special data, notices, reports, programs and literature required by large shareholders, by shareholders with specialized informational needs, or by shareholders generally in light of developments, such as changes in tax laws.
1.3.2 Assisting any institutional servicing agent engaged by the Series in the development, implementation and maintenance of the following special programs and systems to enhance overall Series shareholder servicing capability, consisting of:
(a) Training programs for personnel of such institutional servicing agent;
(b) Joint programs with such institutional servicing agent for the development of systems software, shareholder information reports, and other special reports;
(c) Automatic data exchange facilities with shareholders and such institutional servicing agent;
(d) Automated clearinghouse transfer procedures between shareholders and such institutional servicing agent; and
(e) Touch-tone telephone information and transaction systems for shareholders.
1.3.3 Such other shareholder and shareholder-related services, whether similar to or different from those described in Subparagraphs 1.3.1, 1.3.2 and 1.3.3 of this Paragraph 1.3, as the parties may from time to time agree in writing.
limitation, such bond, liability and other insurance expense that may from time to time be allocated to the Series in a manner approved by the Trustees;
9.1 The Administrator may at any time apply to an officer of the Trust for instructions, and may consult with legal counsel for a Series or with the Administrator’s own legal counsel, in respect of any matter arising in connection with this Agreement; and the Administrator shall not be liable for any action taken or omitted to be taken in good faith and with due care in accordance with such instructions or with the advice or opinion of such legal counsel. The Administrator shall be protected in acting upon any such instructions, advice or opinion and upon any other paper or document delivered by a Series or such legal counsel which the Administrator believes to be genuine and to have been signed by the proper person or persons, and the Administrator shall not be held to have notice of any change of status or authority of any officer or representative of the Trust, until receipt of written notice thereof from the Series.
9.2 Except as otherwise provided in this Agreement or in any separate agreement between the parties and except for the accuracy of information furnished to each Series by the Administrator, each Series assumes full responsibility for the preparation, contents, filing and distribution of its Class R6 Prospectus and SAI, and full responsibility for other documents or actions required for compliance with all applicable requirements of the 1940 Act, the Securities Exchange Act of 1934, the 1933 Act, and any other applicable laws, rules and regulations of governmental authorities having jurisdiction over such Series.
Agreement shall remain in effect through October 31, 2015. Thereafter, this Agreement shall continue in effect with respect to each Series from year to year, subject to the termination provisions and all other terms and conditions hereof; provided, such continuance with respect to a Series is approved at least annually by vote or written consent of the Trustees, including a majority of the Trustees who are not interested persons of either party hereto (“Disinterested Trustees”); and provided further, that the Administrator shall not have notified a Series in writing at least sixty days prior to the first expiration date hereof or at least sixty days prior to any expiration date in any year thereafter that it does not desire such continuation. The Administrator shall furnish any Series, promptly upon its request, such information as may reasonably be necessary to evaluate the terms of this Agreement or any extension, renewal or amendment thereof.
20. Choice of Law. This Agreement is made and to be principally performed in the State of New York, and except insofar as the 1940 Act 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.
XXXXXXXXX XXXXXX ALTERNATIVE FUNDS
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/s/ Xxxxxx Xxxxx
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Name: Xxxxxx Xxxxx
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Title: President
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XXXXXXXXX XXXXXX MANAGEMENT LLC
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/s/ Xxxxxx Xxxxx
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Name: Xxxxxx Xxxxx
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Title: President
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Date: December 31, 2013
XXXXXXXXX XXXXXX ALTERNATIVE FUNDS
CLASS R6
SCHEDULE A
The Class R6 of the Series of Xxxxxxxxx Xxxxxx Alternative Funds currently subject to this Agreement is as follows:
Xxxxxxxxx Xxxxxx Absolute Return Multi-Manager Fund
Date: December 31, 2013