0000898432-19-000252 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • February 25th, 2019 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of March 7, 2018, between Neuberger Berman Cayman MSP Fund I Ltd., an exempted company organized under the laws of the Cayman Islands (“Company”), and Neuberger Berman Investment Advisers LLC, a Delaware limited liability company (“Manager”).

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ADMINISTRATION AGREEMENT
Administration Agreement • February 25th, 2019 • Neuberger Berman Alternative Funds • New York

This Agreement is made as of March 7, 2018, between Neuberger Berman Cayman MSP Fund I Ltd., an exempted company organized under the laws of the Cayman Islands (“Company”), and Neuberger Berman Investment Advisers LLC, a Delaware limited liability company (“Administrator”).

EXPENSE LIMITATION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS NEUBERGER BERMAN COMMODITY STRATEGY FUND
Expense Limitation Agreement • February 25th, 2019 • Neuberger Berman Alternative Funds • New York

Neuberger Berman Commodity Strategy Fund (“Fund”) is a series of Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”).

CLASS R6 ADMINISTRATION AGREEMENT
Administration Agreement • February 25th, 2019 • Neuberger Berman Alternative Funds

Compensation pursuant to Paragraph 3 of the Neuberger Berman Alternative Funds Class R6 Administration Agreement shall be:

EXPENSE LIMITATION AGREEMENT NEUBERGER BERMAN ALTERNATIVE FUNDS
Expense Limitation Agreement • February 25th, 2019 • Neuberger Berman Alternative Funds • New York

Neuberger Berman Global Allocation Fund, Neuberger Berman Hedged Option Premium Strategy Fund, Neuberger Berman Long Short Fund, Neuberger Berman Multi-Asset Income Fund, and Neuberger Berman U.S. Equity Index PutWrite Strategy Fund (each, a “Fund”) are series of Neuberger Berman Alternative Funds, a Delaware statutory trust (“Trust”).

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