0000898432-10-001688 Sample Contracts

ADMINISTRATION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS A
Administration Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of December 29, 2010, between Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Administrator”) with respect to Class A shares of the series listed on Schedule A.

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DISTRIBUTION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS INSTITUTIONAL CLASS
Distribution Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of December 29, 2010, between Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of the Institutional Class of the series listed on Schedule A.

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MANAGEMENT AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS
Management Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of December 29, 2010, between Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Manager”).

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DISTRIBUTION AND SERVICES AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS C
Distribution and Services Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of December 29, 2010, between Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of Class C of the series listed on Schedule A.

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DISTRIBUTION AND SERVICES AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS A
Distribution and Services Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of December 29, 2010, between Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of Class A of the series listed on Schedule A.

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SUB-ADVISORY AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS
Sub-Advisory Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

This Sub-Advisory Agreement (“Agreement”) is made as of December 29, 2010, between Neuberger Berman Management LLC, a Delaware limited liability company (“Manager”) and Neuberger Berman Fixed Income LLC, a Delaware limited liability company (“Adviser”).

Sample 1
EXPENSE LIMITATION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS NEUBERGER BERMAN GLOBAL ALLOCATION FUND
Expense Limitation Agreement • December 29th, 2010 • Neuberger Berman Alternative Funds • New York

Neuberger Berman Global Allocation Fund (the “Fund”) is a series of Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”).

Sample 1
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