EXHIBIT B FORM OF NEW MANAGEMENT AGREEMENTForm of New Management Agreement • February 6th, 2009 • Lehman Brothers Institutional Liquidity Funds • New York
WHEREAS, Trust is registered under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end, diversified management investment company and has established several separate series of shares (“Series”) with each Series having one or more classes and with each Series having its own assets and investment policies; and
