0001133228-20-000563 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • February 14th, 2020 • American Beacon Funds • Texas

AGREEMENT made this 7th day of January, 2020, by and among American Beacon Funds, a Massachusetts Business Trust (“Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and American Century Investment Management, Inc., a Delaware Corporation (the “Adviser”);

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EIGHTH AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • February 14th, 2020 • American Beacon Funds

This Eighth Amendment (the “Amendment”) to the Distribution Agreement (the “Agreement”) dated as of the 1st day of March 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 corporation (“Resolute”) is entered into as of January 13, 2020 (the “Effective Date”).

To Transfer Agency and Service Agreement Between DST Asset Manager Solutions, Inc. And American Beacon Funds American Beacon Select Funds American Beacon Institutional Funds Trust
American Beacon Funds • February 14th, 2020

This Amendment is made as of this 13th day of January 2020, by DST Asset Manager Solutions, Inc. (the “Transfer Agent”) and each of American Beacon Funds, American Beacon Select Funds, and American Beacon Institutional Funds Trust (each a “Fund”, collectively the “Funds”). In accordance with Section 15 (Additional Funds/Portfolios) and Sections 16.1 and/or 17 (Amendment) of the Transfer Agency and Service Agreements between American Beacon Funds and the Transfer Agent dated January 1, 1998, as amended, between American Beacon Select Funds and the Transfer Agent dated December 31, 1999, as amended and between American Beacon Institutional Funds Trust and the Transfer Agent dated March 22, 2017, as amended (together, the “Agreements”), the parties desire to amend each Agreement as set forth herein.

SECOND AMENDMENT TO AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 14th, 2020 • American Beacon Funds

This Amendment to the American Beacon Funds Investment Advisory Agreement (“Amendment”) is effective as of January 24, 2020 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 partnership (the “Adviser”);

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS THIRTEENTH AMENDMENT TO Management Agreement
Management Agreement • February 14th, 2020 • American Beacon Funds

The attached amended and restated Schedule B to add the American Beacon TwentyFour Short Term 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.

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