0000898432-13-001381 Sample Contracts

FORM OF ADMINISTRATION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS R6
Administration Agreement • November 1st, 2013 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of [ ], 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 R6 shares of the series listed on Schedule A.

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FORM OF
Sub-Advisory Agreement • November 1st, 2013 • 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 MANAGEMENT AGREEMENT SCHEDULE A SERIES OF NEUBERGER BERMAN ALTERNATIVE FUNDS
Management Agreement • November 1st, 2013 • Neuberger Berman Alternative Funds

Fund Rate of Compensation based on each Fund’s average daily net assets Neuberger Berman Absolute Return Multi-Manager Fund 1.700% of the first $250 million 1.675% of the next $250 million 1.650% of the next $250 million 1.625% of the next $250 million 1.600% of the next $500 million 1.575% of the next $2.5 billion 1.550% in excess of $4 billion Neuberger Berman Dynamic Real Return Fund* 0.650% of the first $250 million 0.625% of the next $250 million 0.600% of the next $250 million 0.575% of the next $250 million 0.550% of the next $500 million 0.525% of the next $2.5 billion 0.500% in excess of $4 billion Neuberger Berman Flexible Select Fund 0.600% of the first $250 million 0.575% of the next $250 million 0.550% of the next $250 million 0.525% of the next $250 million 0.500% of the next $500 million 0.475% of the next $1 billion 0.450% in excess of $4 billion Neuberger Berman Global Allocation Fund 0.650% of the first $1 billion 0.625% of the next $1 billion 0.600% in excess of $2 b

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FORM OF DISTRIBUTION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS CLASS R6
Distribution Agreement • November 1st, 2013 • Neuberger Berman Alternative Funds • New York
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