0000898432-09-000724 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • May 29th, 2009 • Neuberger Berman Institutional Liquidity Series • New York

This Agreement is made as of May 4, 2009, between Neuberger Berman Institutional Liquidity Series, 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.

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MANAGEMENT AGREEMENT NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
Management Agreement • May 29th, 2009 • Neuberger Berman Institutional Liquidity Series • New York

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

INVESTMENT ADVISORY AGREEMENT NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
Investment Advisory Agreement • May 29th, 2009 • Neuberger Berman Institutional Liquidity Series • New York

This 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”).

ADMINISTRATION AGREEMENT NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES TRUST CLASS
Administration Agreement     Neuberger Berman Institutional Liquidity Series Trust Class • May 29th, 2009 • Neuberger Berman Institutional Liquidity Series • New York

This Agreement is made as of May 4, 2009, between Neuberger Berman Institutional Liquidity Series, 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.

DISTRIBUTION AND SERVICES AGREEMENT NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
Distribution and Services Agreement    Neuberger Berman Institutional Liquidity Series • May 29th, 2009 • Neuberger Berman Institutional Liquidity Series • New York

This Agreement is made as of May 4, 2009, between Neuberger Berman Institutional Liquidity Series, 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.

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