0000898432-12-000055 Sample Contracts

SUB-ADVISORY AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS
Sub-Advisory Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds • New York

This Sub-Advisory Agreement (“Agreement”) is made as of [__________________], between [__________________], a Delaware limited liability company (“NBM”), NB Alternative Investment Management LLC ("NBAIM") and [_____________], a [ ] (“Sub-Adviser”). Throughout this Agreement, the term "Manager" refers to NBM or NBAIM, as appropriate.

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NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS A ADMINISTRATION AGREEMENT SCHEDULE A
Administration Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds
NEUBERGER BERMAN ALTERNATIVE FUNDS INSTITUTIONAL CLASS ADMINISTRATION AGREEMENT SCHEDULE A
Administration Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds

The Institutional Class of the Series of Neuberger Berman Alternative Funds currently subject to this Agreement is as follows:

NEUBERGER BERMAN ALTERNATIVE FUNDS MANAGEMENT AGREEMENT SCHEDULE A SERIES OF NEUBERGER BERMAN ALTERNATIVE FUNDS
Management Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds

Fund Rate of Compensation based on each Fund’s average daily net assets Neuberger Berman Absolute Return Multi-Manager Fund 2.000% of the first $250 million 1.975% of the next $250 million 1.950% of the next $250 million 1.925% of the next $250 million 1.900% of the next $500 million 1.875% of the next $2.5 billion 1.850% in excess of $4 billion Neuberger Berman Global Allocation Fund 0.900% of the first $1 billion 0.875% of the next $1 billion 0.850% in excess of $2 billion Neuberger Berman Long Short Fund 1.200% of the first $250 million 1.175% of the next $250 million 1.150% of the next $250 million 1.125% of the next $250 million 1.100% of the next $500 million 1.075% of the next $2.5 billion 1.050% in excess of $4 billion Neuberger Berman Risk Balanced Commodity Fund 0.700% of the first $250 million 0.675% of the next $250 million 0.650% of the next $250 million 0.625% of the next $250 million 0.600% of the next $500 million 0.575% of the next $2.5 billion 0.550% in excess of $4 b

NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS A DISTRIBUTION AND SERVICES AGREEMENT SCHEDULE A
Distribution and Services Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds
NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS C ADMINISTRATION AGREEMENT SCHEDULE A
Administration Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds
NEUBERGER BERMAN ALTERNATIVE FUNDS INSTITUTIONAL CLASS DISTRIBUTION AGREEMENT SCHEDULE A
Distribution Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds
NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS C DISTRIBUTION AND SERVICES AGREEMENT SCHEDULE A
Distribution and Services Agreement • January 18th, 2012 • Neuberger Berman Alternative Funds
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