0001133228-18-006652 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • December 17th, 2018 • American Beacon Funds • Texas

AGREEMENT made this 25th 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 Continuous Capital, LLC, a Delaware limited liability company (the “Adviser”);

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AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS TENTH AMENDMENT TO Management Agreement
Management Agreement • December 17th, 2018 • American Beacon Funds

The attached amended and restated Schedule B to add the American Beacon Continuous Capital Emerging Markets Fund, the American Beacon Tocqueville International Value Fund, the American Beacon AHL TargetRisk Fund, and the American Beacon SSI Alternative Income Fund, and to remove the American Beacon Flexible Bond 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.

THIRD AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • December 17th, 2018 • American Beacon Funds

Third Amendment (the “Amendment”) to the Distribution Agreement (the “Agreement”) dated as of the 6th day of December, 2018 by and between American Beacon Funds and American Beacon Select Funds, each a Massachusetts business trust that acts as an open-end investment company (the “Client”), and Resolute Investment Distributors, Inc., a Delaware limited liability company (“Resolute”).

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