0001193125-12-075559 Sample Contracts

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 23rd, 2012 • American Beacon Funds • Texas

AGREEMENT made this September 13, 2011 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and PENN Capital Management Company, Inc. (the “Adviser”);

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AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 23rd, 2012 • American Beacon Funds • Texas

AGREEMENT made this 21st day of November, 2011 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Stephens Investment Management Group, LLC (the “Adviser”);

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