0001133228-16-009831 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 19th, 2016 • American Beacon Funds • Texas

AGREEMENT made this 1st day of May, 2016. by and among American Beacon Funds, a Massachusetts Business Trust (“Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and GLG LLC, a Delaware Limited Liability Company (the "Adviser");

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 19th, 2016 • American Beacon Funds • Texas

AGREEMENT made this 30th day of September, 2015, by and among American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), Grosvenor Capital Management, L.P., an Illinois Limited Partnership (the “Lead Adviser”) and Basswood Capital Management, L.L.C., a Delaware Limited Liability Company (the “Underlying Adviser”);

AMERICAN BEACON FUNDS LEAD INVESTMENT ADVISORY AGREEMENT
Lead Investment Advisory Agreement • May 19th, 2016 • American Beacon Funds • Texas

This Lead Investment Advisory Agreement (“Agreement”) is made as of September 21, 2015, between American Beacon Advisors, Inc., a Delaware Corporation (“Manager”), and Grosvenor Capital Management, L.P. (“Lead Adviser”).

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS MANAGEMENT AGREEMENT
Management Agreement • May 19th, 2016 • American Beacon Funds • Texas

This Management Agreement (“Agreement”) is made as of April 4, 2016, 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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