0000898432-12-000675 Sample Contracts

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • May 25th, 2012 • American Beacon Funds • Delaware

AGREEMENT made this 21st day of May, 2012 by and between American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and The London Company of Virginia, LLC, a Delaware LLC (the "Adviser");

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AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS AMENDMENT TO MANAGEMENT AGREEMENT
Management Agreement • May 25th, 2012 • American Beacon Funds

The attached amended and restated Schedule A is hereby incorporated into the Management Agreement dated February 13, 2009, as amended ( “Agreement”), 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 A hereto, as may be amended from time to time (each, a “Fund”), and American Beacon Advisors, Inc., a Delaware corporation (“Manager”).

EIGHTH AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • May 25th, 2012 • American Beacon Funds

This Amendment (the “Amendment”) to the Distribution Agreement (the “Agreement”) dated as of the 31st day of March 2009, as amended, by and between American Beacon Funds and American Beacon Select Funds, each a Massachusetts business trust that acts as an open-end investment company (each a “Client” and, collectively, the “Clients”) and Foreside Fund, Services, LLC, a Delaware limited liability company (“Foreside”) is entered into as of May 29, 2012 (the “Effective Date”).

FIFTH AMENDMENT TO AMENDED AND RESTATED ADMINSTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • May 25th, 2012 • American Beacon Funds

This Fifth Amendment to Amended and Restated Administrative Services Agreement (the “Amendment”) is made as of May 29, 2012, by and among AMERICAN BEACON FUNDS, a Massachusetts business trust (the “Trust”), AMERICAN BEACON ADVISORS, INC., a Delaware corporation (“ABA”), and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company (“State Street”).

AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS RESTATED AND AMENDED ADMINISTRATION AGREEMENT
Beacon Funds • May 25th, 2012 • American Beacon Funds • Texas

This Agreement is made initially as of September 12, 2008, as restated and amended, most recently as of May 10, 2012, by and among the American Beacon Funds and the American Beacon Select Funds, each a Massachusetts business trust (each a “Trust”), and American Beacon Advisors, Inc., a Delaware corporation (“AmBeacon”).

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