FORM OF SUB-ADVISORY AGREEMENT EXCELSIOR VENTURE PARTNERS III, LLC NEUBERGER BERMAN MANAGEMENT LLC New York, New York 10158-0006Sub-Advisory Agreement • June 30th, 2015 • Excelsior Venture Partners Iii LLC
We have entered into an Investment Advisory Agreement with Excelsior Venture Partners III, LLC (“Fund”) pursuant to which we are to act as investment adviser to such Fund. We hereby agree with you as follows:
FORM OF AMENDMENT TO LLC AGREEMENTLLC Agreement • June 30th, 2015 • Excelsior Venture Partners Iii LLC
RESOLVED: That the LLC Agreement be amended by deleting therefrom Section 2.6 thereof in its entirety and substituting the following:
FORM OF INVESTMENT ADVISORY AGREEMENTForm of Investment Advisory Agreement • June 30th, 2015 • Excelsior Venture Partners Iii LLC • New York
INVESTMENT ADVISORY AGREEMENT (the “Agreement”), ______ 2015 by and between Excelsior Venture Partners III, LLC, a Delaware limited liability company (the “Company”) and Neuberger Berman Management LLC, a Delaware limited liability company and registered investment adviser (the “Investment Adviser” or “NBM”).
