0001133228-14-001559 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • April 30th, 2014 • American Beacon Funds • Texas

AGREEMENT dated June 27, 2011, as amended on July 1, 2012, and amended and restated this 28th day of March, 2014 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and GAM International Management Limited, a company incorporated under the laws of England and Wales (the "Adviser");

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INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • April 30th, 2014 • American Beacon Funds • Texas

AGREEMENT dated December 13, 2010, as amended on July 1, 2012, and amended and restated this 1st day of April, 2014 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Massachusetts Financial Services Company (the "Adviser");

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