NEUBERGER BERMAN ALTERNATIVE FUNDS MANAGEMENT AGREEMENT SCHEDULE A SERIES OF NEUBERGER BERMAN ALTERNATIVE FUNDS

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ALTERNATIVE FUNDS

MANAGEMENT AGREEMENT

SCHEDULE A

SERIES OF ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ALTERNATIVE FUNDS

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Absolute Return Multi-Manager Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Allocation Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Hedged Option Premium Strategy Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Credit Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Multi-Manager Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Multi-Asset Income Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Risk Balanced Commodity Strategy Fund

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ U.S. Equity Index PutWrite Strategy Fund

Date: April 4, 2017

▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ALTERNATIVE FUNDS MANAGEMENT AGREEMENT

SCHEDULE B

RATE OF COMPENSATION

Fund	Rate of Compensation based on each Fund’s average daily net assets
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 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
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Allocation Fund	0.650% of the first $1 billion 0.625% of the next $1 billion 0.600% in excess of $2 billion
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Hedged Option Premium Strategy Fund	0.450%
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Credit Fund	0.800%
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 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
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short 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
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Multi-Asset Income Fund	0.450% of the first $250 million 0.425% of the next $250 million 0.400% of the next $250 million 0.375% of the next $250 million 0.350% of the next $500 million 0.325% of the next $2.5 billion 0.300% in excess of $4 billion
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Risk Balanced Commodity Strategy 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 billion
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ U.S. Equity Index PutWrite Strategy Fund	0.450%

*To the extent ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Risk Balanced Commodity Strategy Fund (“Commodity Strategy Fund”) invests its assets in ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Cayman Commodity Fund I Ltd., a wholly owned subsidiary of Commodity Strategy Fund, or in any other wholly owned subsidiary of Commodity Strategy Fund advised by the Manager (collectively, “Commodity Strategy Fund Subsidiary”), the amount of the advisory fee payable to the Manager under this Agreement as calculated pursuant to the Rate of Compensation set forth above will be reduced by the amount of any advisory fee that the Manager receives from the Commodity Strategy Fund Subsidiary.  When calculating asset levels for purposes of determining the Rate of Compensation of Commodity Strategy Fund, asset levels are based on the average daily net assets of Commodity Strategy Fund, including the assets invested in the Commodity Strategy Fund Subsidiary.

Date: April 4, 2017