0001133228-18-006800 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 21st, 2018 • American Beacon Funds • Texas

AGREEMENT made this 7th day of November, 2018. by and among American Beacon Cayman TargetRisk Company Ltd. (the “Company”), an exempted company organized under the laws of the Cayman Islands, American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and AHL Partners LLP, an England and Wales limited liability partnership (the “Adviser”);

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FIRST AMENDMENT TO AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 21st, 2018 • American Beacon Funds

This Amendment to the American Beacon Funds Investment Advisory Agreement (“Amendment”) is effective as of November 7, 2018, by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware corporation (the "Manager"), and AHL Partners LLP, an England and Wales limited liability partnership (the "Adviser");

FIRST AMENDMENT TO AMERICAN BEACON CAYMAN MANAGED FUTURES STRATEGY FUND, LTD. INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 21st, 2018 • American Beacon Funds

This Amendment to the American Beacon Cayman Managed Futures Strategy Fund, Ltd. Investment Advisory Agreement (“Amendment”) is effective as of November 7, 2018, by and among American Beacon Cayman Managed Futures Strategy Fund, Ltd. (the “Company”), an exempted company organized under the laws of the Cayman Islands, American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and AHL Partners LLP, an England and Wales limited liability partnership (the “Adviser”);

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