0001133228-15-005135 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT made this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (“Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Global Evolution USA, LLC, a Delaware Limited Liability Company (the "Adviser");

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Stephens Investment Management Group, LLC (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT made this 30th day of April, 2015. 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”);

INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT made this day of_____________, 2015, by and among American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), Grosvenor Capital Management, L.P., an Illinois Limited Partnership (the “Lead Adviser”) and Incline Global Management, LLC, a Delaware Limited Liability Company (the “Underlying Adviser”);

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Lazard Asset Management LLC (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT made this _____ day of _______________, 2015, by and among American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), Grosvenor Capital Management, L.P., an Illinois Limited Partnership (the “Lead Adviser”) and Passport Capital, LLC, a Delaware Limited Liability Company (the “Underlying Adviser”);

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and PENN Capital Management Company, Inc. (the "Adviser");

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30 day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Brandywine Global Investment Management LLC, a wholly owned subsidiary of Legg Mason, Inc. (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Hotchkis and Wiley Capital Management LLC (the "Adviser");

AMERICAN BEACON FUNDS LEAD INVESTMENT ADVISORY AGREEMENT
American Beacon Funds Lead Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

This Lead Investment Advisory Agreement (“Agreement”) is made as of September ___, 2015, between American Beacon Advisors, Inc., a Delaware Corporation (“Manager”), and Grosvenor Capital Management, L.P. (“Lead Adviser”).

INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 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");

AMENDMENT TO AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds

This Amendment to the American Beacon Funds Investment Advisory Agreement ("Amendment") is effective as of May 11, 2015, by and among the American Beacon Funds, a Massachusetts Business Trust (the “Trust”), American Beacon Advisors, Inc., a Delaware corporation ("Manager"), and Brandywine Global Investment Management, LLC, a Delaware Limited Liability Company, a wholly owned subsidiary of Legg Mason, Inc. (the “Adviser”).

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated the 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and NISA Investment Advisors, LLC (the "Adviser");

AMENDMENT TO Management Agreement
Management Agreement • October 1st, 2015 • American Beacon Funds

The attached amended and restated Schedule A is hereby incorporated into the Management Agreement dated April 30, 2015, 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”), and supersedes any prior Schedule A to the Agreement.

INVESTMENT ADVISORY AGREEMENT
American Beacon Funds • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT made this 30th day of April, 2015. by and among American Beacon Funds, a Massachusetts Business Trust (“Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Crescent Capital Group LP, a Delaware limited partnership (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated the 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the “Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Barrow, Hanley, Mewhinney & Strauss, LLC (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30 day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Brandywine Global Investment Management LLC, a wholly owned subsidiary of Legg Mason, Inc. (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Beacon Funds • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT made this _____ day of_________________, 2015, by and among American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), Grosvenor Capital Management, L.P., an Illinois Limited Partnership (the “Lead Adviser”) and River Canyon Fund Management LLC , a Delaware Limited Liability Company (the “Underlying Adviser”);

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Delaware

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the “Trust”), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Morgan Stanley Investment Management Inc. (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Delaware

AGREEMENT dated this 30th day of April 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Standish Mellon Asset Management Company LLC (the "Adviser");

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 1st, 2015 • American Beacon Funds • Texas

AGREEMENT dated this 30th day of April, 2015 by and among American Beacon Funds, a Massachusetts Business Trust (the "Trust"), American Beacon Advisors, Inc., a Delaware Corporation (the "Manager"), and Pacific Investment Management Company LLC (the "Adviser");

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