0000898432-09-000724 Sample Contracts

ADMINISTRATION AGREEMENT NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES TRUST CLASS
Administration 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 (“Administrator”) with respect to the Trust Class shares of the series listed on Schedule A.

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.

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”).

DISTRIBUTION AND SERVICES AGREEMENT NEUBERGER BERMAN INSTITUTIONAL LIQUIDITY SERIES
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.

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”).