0001133228-18-005975 Sample Contracts

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 22nd, 2018 • American Beacon Funds • Texas

AGREEMENT made this 13th day of September, 2018, by and among American Beacon Funds, a Massachusetts Business Trust (“Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Tocqueville Asset Management L.P., a Delaware Limited Partnership (the "Adviser");

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FIRST AMENDMENT TO AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 22nd, 2018 • American Beacon Funds

This Amendment to the American Beacon Funds Investment Advisory Agreement (“Amendment”) is effective as of August 31, 2018 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware corporation (the "Manager"), and TwentyFour Asset Management (US) LP, a Delaware limited liability company (the "Adviser");

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