0001133228-17-000310 Sample Contracts

INVESTMENT ADVISORY AGREEMENT

Sub-Advisory Agreement • January 25th, 2017 • American Beacon Funds • Delaware

• Contract Type
  Sub-Advisory Agreement
• Filed
  January 25th, 2017
• Company
  American Beacon Funds
• Jurisdiction
  Delaware

AGREEMENT made this 23rd day of January, 2017 by and among American Beacon Funds, a Massachusetts Business Trust (“Trust”), American Beacon Advisors, Inc., a Delaware Corporation ("Manager"), and ARK Investment Management LLC, a Delaware Limited Liability Company ("Adviser");

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS FORM OF THIRD AMENDMENT TO Management Agreement

Management Agreement • January 25th, 2017 • American Beacon Funds

• Contract Type
  Management Agreement
• Filed
  January 25th, 2017
• Company
  American Beacon Funds

The attached amended and restated Schedule B to add the American Beacon ARK Disruptive Innovation Fund is hereby incorporated into the Management Agreement dated April 4, 2016, as amended, by and between 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 B hereto, as may be amended from time to time (each, a “Fund”), and American Beacon Advisors, Inc., a Delaware corporation, and supersedes any prior Schedule B to the Agreement.