0001133228-17-002753 Sample Contracts

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS MANAGEMENT AGREEMENT
Management Agreement • April 25th, 2017 • American Beacon Select 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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AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS FOURTH AMENDMENT TO Management Agreement
Management Agreement • April 25th, 2017 • American Beacon Select Funds

The attached amended and restated Schedule B to add the American Beacon Alpha Quant Core Fund, Alpha Quant Dividend Fund, Alpha Quant Quality Fund, Alpha Quant Value Fund and TwentyFour Strategic Income 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.

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS Second AMENDMENT TO Management Agreement
Management Agreement • April 25th, 2017 • American Beacon Select Funds

The attached amended and restated Schedule B to add the American Beacon Numeric Integrated Alpha 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.

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS AMENDMENT TO Management Agreement
Management Agreement • April 25th, 2017 • American Beacon Select Funds
AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS THIRD AMENDMENT TO Management Agreement
Management Agreement • April 25th, 2017 • American Beacon Select 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.

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