0001133228-15-004535 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 28th, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware corporation (the "Manager"), and Bridgeway Capital Management, Inc., a Texas corporation (the "Adviser");

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FORM OF FIRST AMENDMENT TO AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 28th, 2015 • American Beacon Funds

This Amendment to the American Beacon Funds Investment Advisory Agreement (“Amendment”) is effective as of _____, __ 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware corporation (the "Manager"), and Bridgeway Capital Management, Inc., a Texas corporation (the "Adviser");

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS MANAGEMENT AGREEMENT
Management Agreement • August 28th, 2015 • American Beacon Funds • Texas

This Amended and Restated Agreement (“Agreement”) is made as of April 30, 2015, by and among the American Beacon Funds and the American Beacon Select Funds, 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”).

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