NEUBERGER BERMAN ALTERNATIVE FUNDS MANAGEMENT AGREEMENT SCHEDULE A SERIES OF NEUBERGER BERMAN ALTERNATIVE FUNDS
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ALTERNATIVE FUNDS
SCHEDULE A
SERIES OF ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ALTERNATIVE FUNDS
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Absolute Return Multi-Manager Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Dynamic Real Return Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Flexible Select Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Allocation Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Long Short Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Multi-Manager Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Fund
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Risk Balanced Commodity Strategy Fund
Date: April 26, 2014
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ALTERNATIVE FUNDS
SCHEDULE B
RATE OF COMPENSATION
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Fund
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Rate of Compensation based on each Fund’s average daily net assets
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Absolute Return Multi-Manager Fund
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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
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Dynamic Real Return Fund*
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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
|
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Flexible Select Fund
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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
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Allocation Fund
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0.650% of the first $1 billion
0.625% of the next $1 billion
0.600% in excess of $2 billion
|
|
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Global Long Short Fund
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1.250% of the first $250 million
1.225% of the next $250 million
1.200% of the next $250 million
1.175% of the next $250 million
1.150% of the next $500 million
1.125% of the next $1 billion
1.100% in excess of $4 billion
|
|
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Multi-Manager Fund
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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
|
|
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long Short Fund
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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
|
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▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Risk Balanced Commodity Strategy Fund**
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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
|
*To the extent ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Dynamic Real Return Fund (“Real Return Fund”) invests its assets in any wholly owned subsidiary of Real Return Fund advised by the Manager (“Real Return 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 Real Return Fund Subsidiary. When calculating asset levels for purposes of determining the Rate of Compensation of Real Return Fund, asset levels are based on the average daily net assets of Real Return Fund, including the assets invested in the Real Return Fund Subsidiary.
**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 26, 2014
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