0000898432-09-000722 Sample Contracts

ADMINISTRATION AGREEMENT
Administration Agreement • May 29th, 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 (“Administrator”) with respect to Class R3 shares of the series listed on Schedule A.

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DISTRIBUTION AND SERVICES AGREEMENT LEHMAN BROTHERS INCOME FUNDS CLASS R3
Distribution and Services Agreement • May 29th, 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.

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EXPENSE LIMITATION AGREEMENT LEHMAN BROTHERS INCOME FUNDS
Expense Limitation Agreement • May 29th, 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”).

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • May 29th, 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”).

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