0000950123-11-063780 Sample Contracts

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 5th, 2011 • American Beacon Funds • Texas

AGREEMENT made this 13th day of June, 2011 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Lee Munder Capital Group, LLC (the “Adviser”);

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AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 5th, 2011 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Hotchkis and Wiley Capital Management LLC (the “Adviser”);

AMERICAN BEACON FUNDS AMERICAN BEACON MILEAGE FUNDS AMERICAN BEACON SELECT FUNDS AMERICAN BEACON MASTER TRUST AMENDMENT TO MANAGEMENT AGREEMENT
Management Agreement • July 5th, 2011 • American Beacon Funds

The attached amended and restated Schedule A is hereby incorporated into the Management Agreement dated February 13, 2009, as amended ( “Agreement”), by and between the American Beacon Funds, the American Beacon Mileage Funds, the American Beacon Select Funds and the American Beacon Master Trust, each a Massachusetts business trust (each, a “Trust”), on behalf of each Fund of a Trust listed on Schedule A hereto, as may be amended from time to time (each, a “Fund”), and American Beacon Advisors, Inc., a Delaware corporation (“Manager”).

FIFTH AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • July 5th, 2011 • American Beacon Funds

This Amendment (the “Amendment”) to the Distribution Agreement (the “Agreement”) dated as of the 31st day of March 2009,as amended, by and between American Beacon Funds, American Beacon Mileage Funds and American Beacon Select Funds, each a Massachusetts business trust that acts as an open-end investment company (each a “Client” and, collectively, the “Clients”) and Foreside Fund, Services, LLC, a Delaware limited liability company (“Foreside”) is entered into as of July 1, 2011 (the “Effective Date”).

AMERICAN BEACON FUNDS AMERICAN BEACON MILEAGE FUNDS AMERICAN BEACON SELECT FUNDS AMERICAN BEACON MASTER TRUST AMENDMENT TO ADMINISTRATION AGREEMENT
Administration Agreement • July 5th, 2011 • American Beacon Funds

The attached amended and restated Schedule A is hereby incorporated into the Administration Agreement dated September 12, 2008, as amended (“Agreement”), by and among the American Beacon Funds, the American Beacon Mileage Funds, the American Beacon Select Funds and the American Beacon Master Trust, each a Massachusetts business trust (each a “Trust”), and American Beacon Advisors, Inc., a Delaware corporation (“AmBeacon”).

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 5th, 2011 • American Beacon Funds • Texas

AGREEMENT made this 24th day of June, 2011 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Pacific Investment Management Company LLC (the “Adviser”);

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 5th, 2011 • American Beacon Funds • Texas

AGREEMENT made this 24th day of June, 2011 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Brandywine Global Investment Management LLC, a wholly owned subsidiary of Legg Mason, Inc. (the “Adviser”);

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