0000898432-09-000506 Sample Contracts

FORM OF ADMINISTRATION AGREEMENT
Administration Agreement • April 13th, 2009 • Neuberger Berman Equity Funds • New York

This Agreement is made as of [ ] between Neuberger Berman Equity Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a New York limited liability company (“Administrator”) with respect to Class R3 shares of the series listed on Schedule A (“Series”).

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FORM OF DISTRIBUTION AND SERVICES AGREEMENT NEUBERGER BERMAN EQUITY FUNDS CLASS R3
Distribution and Services Agreement • April 13th, 2009 • Neuberger Berman Equity Funds • New York

This Agreement is made as of [ ], between Neuberger Berman Equity Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a New York limited liability company (“Distributor”), on behalf of Class R3 of the series listed on Schedule A.

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FORM OF DISTRIBUTION AND SERVICES AGREEMENT NEUBERGER BERMAN EQUITY FUNDS CLASS R2
Distribution and Services Agreement • April 13th, 2009 • Neuberger Berman Equity Funds • New York

This Agreement is made as of [ ], between Neuberger Berman Equity Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a New York limited liability company (“Distributor”), on behalf of Class R2 of the series listed on Schedule A.

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NEUBERGER BERMAN EQUITY FUNDS CLASS C DISTRIBUTION AND SERVICES AGREEMENT SCHEDULE A
Distribution and Services Agreement • April 13th, 2009 • Neuberger Berman Equity Funds

Neuberger Berman Climate Change Fund Neuberger Berman Emerging Markets Equity Fund Neuberger Berman Equity Income Fund Neuberger Berman Guardian Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Disciplined Growth Fund Neuberger Berman Large Cap Value Fund Neuberger Berman Mid Cap Growth Fund Neuberger Berman Select Equities Fund Neuberger Berman Small Cap Growth Fund Neuberger Berman Socially Responsive Fund

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NEUBERGER BERMAN EQUITY FUNDS INSTITUTIONAL CLASS DISTRIBUTION AGREEMENT SCHEDULE A
Neuberger Berman Equity Funds Institutional Class Distribution Agreement • April 13th, 2009 • Neuberger Berman Equity Funds

The Series currently subject to this Agreement are as follows: Neuberger Berman Climate Change Fund Neuberger Berman Emerging Markets Equity Fund Neuberger Berman Equity Income Fund Neuberger Berman Focus Fund Neuberger Berman Guardian Fund Neuberger Berman International Institutional Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Disciplined Growth Fund Neuberger Berman Large Cap Value Fund Neuberger Berman Mid Cap Growth Fund Neuberger Berman Partners Fund Neuberger Berman Real Estate Fund Neuberger Berman Regency Fund Neuberger Berman Select Equities Fund Neuberger Berman Small and Mid Cap Growth Fund Neuberger Berman Small Cap Growth Fund Neuberger Berman Socially Responsive Fund Date: June 12, 2009

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NEUBERGER BERMAN EQUITY FUNDS INSTITUTIONAL CLASS ADMINISTRATION AGREEMENT SCHEDULE A
Class Administration Agreement • April 13th, 2009 • Neuberger Berman Equity Funds

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

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EXPENSE LIMITATION AGREEMENT NEUBERGER BERMAN EQUITY FUNDS
Expense Limitation Agreement • April 13th, 2009 • Neuberger Berman Equity Funds • New York

You hereby agree during the respective period noted on Schedule A (“Limitation Period”), to forgo current payment of fees and/or >reimburse annual operating expenses of each Class of the Fund noted on Schedule A (excluding interest, taxes, brokerage commissions, and extraordinary expenses of the Fund) (“Operating Expenses”), so that the Operating Expenses of that Class are limited to the rate per annum of its average daily net assets noted on Schedule A (“Expense Limitation”).

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ADMINISTRATION AGREEMENT
Administration Agreement • April 13th, 2009 • Neuberger Berman Equity Funds

Neuberger Berman Equity Income Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Value Fund

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FORM OF EXPENSE LIMITATION AGREEMENT NEUBERGER BERMAN EQUITY FUNDS
Expense Limitation Agreement • April 13th, 2009 • Neuberger Berman Equity Funds • New York

Neuberger Berman Guardian Fund, Neuberger Berman International Large Cap Fund, Neuberger Berman Large Cap Disciplined Growth Fund, Neuberger Berman Mid Cap Growth Fund, Neuberger Berman Small Cap Growth Fund and Neuberger Berman Socially Responsive Fund (each, a “Fund”) are series of Neuberger Berman Equity Funds, a Delaware statutory trust (“Trust”).

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FORM OF EXPENSE LIMITATION AGREEMENT NEUBERGER BERMAN EQUITY FUNDS
Expense Limitation Agreement • April 13th, 2009 • Neuberger Berman Equity Funds • New York

Neuberger Berman Large Cap Value Fund (the “Fund”) is a series of Neuberger Berman Equity Funds, a Delaware statutory trust (“Trust”).

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NEUBERGER BERMAN EQUITY FUNDS CLASS C ADMINISTRATION AGREEMENT SCHEDULE A
Neuberger Berman Equity Funds • April 13th, 2009

The Class C of the Series of Neuberger Berman Equity Funds currently subject to this Agreement are as follows: Neuberger Berman Climate Change Fund Neuberger Berman Emerging Markets Equity Fund Neuberger Berman Equity Income Fund Neuberger Berman Guardian Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Disciplined Growth Fund Neuberger Berman Large Cap Value Fund Neuberger Berman Mid Cap Growth Fund Neuberger Berman Select Equities Fund Neuberger Berman Small Cap Growth Fund Neuberger Berman Socially Responsive Fund Dated: June 12, 2009

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NEUBERGER BERMAN EQUITY FUNDS TRUST CLASS DISTRIBUTION AND SERVICES AGREEMENT
Neuberger Berman Equity Funds Trust Class Distribution and Services Agreement • April 13th, 2009 • Neuberger Berman Equity Funds

Neuberger Berman Equity Income Fund Neuberger Berman Focus Fund Neuberger Berman Guardian Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Value Fund Neuberger Berman Partners Fund Neuberger Berman Real Estate Fund Neuberger Berman Regency Fund Neuberger Berman Research Opportunities Fund Neuberger Berman Small and Mid Cap Growth Fund Neuberger Berman Small Cap Growth Fund Neuberger Berman Socially Responsive Fund Date: June 12, 2009

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MANAGEMENT AGREEMENT SCHEDULE A
Management Agreement • April 13th, 2009 • Neuberger Berman Equity Funds

Neuberger Berman Climate Change Fund Neuberger Berman Emerging Markets Equity Fund Neuberger Berman Equity Income Fund Neuberger Berman Focus Fund Neuberger Berman Genesis Fund Neuberger Berman Guardian Fund Neuberger Berman International Fund Neuberger Berman International Institutional Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Disciplined Growth Fund Neuberger Berman Large Cap Value Fund Neuberger Berman Mid Cap Growth Fund Neuberger Berman Partners Fund Neuberger Berman Real Estate Fund Neuberger Berman Regency Fund Neuberger Berman Research Opportunities Fund Neuberger Berman Select Equities Fund Neuberger Berman Small and Mid Cap Growth Fund Neuberger Berman Small Cap Growth Fund Neuberger Berman Socially Responsive Fund Date: June 12, 2009

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NEUBERGER BERMAN EQUITY FUNDS CLASS A ADMINISTRATION AGREEMENT SCHEDULE A
Neuberger Berman Equity Funds • April 13th, 2009

The Class A of the Series of Neuberger Berman Equity Funds currently subject to this Agreement are as follows: Neuberger Berman Climate Change Fund Neuberger Berman Emerging Markets Equity Fund Neuberger Berman Equity Income Fund Neuberger Berman Guardian Fund Neuberger Berman International Large Cap Fund Neuberger Berman Large Cap Disciplined Growth Fund Neuberger Berman Large Cap Value Fund Neuberger Berman Mid Cap Growth Fund Neuberger Berman Select Equities Fund Neuberger Berman Small Cap Growth Fund Neuberger Berman Socially Responsive Fund Dated: June 12, 2009

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