0000898432-09-000691 Sample Contracts

ADMINISTRATION AGREEMENT LEHMAN BROTHERS INCOME FUNDS TRUST CLASS
Administration Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Administrator”) with respect to the Trust Class shares of the series listed on Schedule A.

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DISTRIBUTION AGREEMENT LEHMAN BROTHERS INCOME FUNDS
Distribution Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company ( “Distributor”), on behalf of the Reserve Class of the series listed on Schedule A.

MANAGEMENT AGREEMENT
Management Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Manager”).

DISTRIBUTION AND SERVICES AGREEMENT LEHMAN BROTHERS INCOME FUNDS CLASS R3
Distribution Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 15, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of Class R3 of the series listed on Schedule A.

DISTRIBUTION AND SERVICES AGREEMENT LEHMAN BROTHERS INCOME FUNDS CLASS C
Distribution Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of Class C of the series listed on Schedule A.

DISTRIBUTION AND SERVICES AGREEMENT LEHMAN BROTHERS INCOME FUNDS TRUST CLASS
Distribution Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of the Trust Class of the series listed on Schedule A.

DISTRIBUTION AND SERVICES AGREEMENT LEHMAN BROTHERS INCOME FUNDS CLASS A
Distribution Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of Class A of the series listed on Schedule A.

EXPENSE LIMITATION AGREEMENT LEHMAN BROTHERS INCOME FUNDS
Expense Limitation Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

Neuberger Berman High Income Bond Fund (the “Fund”) is a series of Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”).

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Sub-Advisory Agreement (“Agreement”) is made as of May 4, 2009, between Neuberger Berman Management LLC, a Delaware limited liability company (“Manager”) and Neuberger Berman Fixed Income LLC, a Delaware limited liability company (“Adviser”).

DISTRIBUTION AND SERVICES AGREEMENT
Distribution Agreement • May 15th, 2009 • Lehman Brothers Income Funds • New York

This Agreement is made as of May 4, 2009, between Lehman Brothers Income Funds, a Delaware statutory trust (“Trust”), and Neuberger Berman Management LLC, a Delaware limited liability company (“Distributor”), on behalf of the Investor Class of the series listed on Schedule A.

SUB-ADVISORY AGREEMENT LEHMAN BROTHERS INCOME FUNDS
Sub-Advisory Agreement • May 15th, 2009 • Lehman Brothers Income Funds

We have entered into a Management Agreement with Lehman Brothers Income Funds (“Trust”) with respect to several of its series (“Series”), as set forth in Schedule A hereto, pursuant to which we are to act as investment adviser to such Series. We hereby agree with you as follows:

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