0000898432-09-000722 Sample Contracts

ADMINISTRATION AGREEMENT

Administration Agreement • May 29th, 2009 • Lehman Brothers Income Funds • New York

• Contract Type
  Administration Agreement
• Filed
  May 29th, 2009
• Company
  Lehman Brothers Income Funds
• Jurisdiction
  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 (“Administrator”) with respect to Class R3 shares of the series listed on Schedule A.

DISTRIBUTION AND SERVICES AGREEMENT LEHMAN BROTHERS INCOME FUNDS CLASS R3

Distribution Agreement • May 29th, 2009 • Lehman Brothers Income Funds • New York

• Contract Type
  Distribution Agreement
• Filed
  May 29th, 2009
• Company
  Lehman Brothers Income Funds
• Jurisdiction
  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.

EXPENSE LIMITATION AGREEMENT LEHMAN BROTHERS INCOME FUNDS

Expense Limitation Agreement • May 29th, 2009 • Lehman Brothers Income Funds • New York

• Contract Type
  Expense Limitation Agreement
• Filed
  May 29th, 2009
• Company
  Lehman Brothers Income Funds
• Jurisdiction
  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 29th, 2009 • Lehman Brothers Income Funds • New York

• Contract Type
  Sub-Advisory Agreement
• Filed
  May 29th, 2009
• Company
  Lehman Brothers Income Funds
• Jurisdiction
  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”).