Common Contracts

Exhibit (h)(5)(l)(4) Expense Limitation Agreement for Forward Emerald Opportunities Fund (Class A shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD EMERALD OPPORTUNITIES FUND (CLASS A SHARES)

Agreement • April 30th, 2007 • Forward Funds

• Contract Type
  Agreement
• Filed
  April 30th, 2007
• Company
  Forward Funds

THIS AGREEMENT, dated as of July 1, 2007, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Class A shares of its series, Forward Emerald Opportunities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(e) Expense Limitation Agreement for Forward Legato Fund (Class A Shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD LEGATO FUND (CLASS A SHARES)

Agreement • February 15th, 2007 • Forward Funds

• Contract Type
  Agreement
• Filed
  February 15th, 2007
• Company
  Forward Funds

THIS AGREEMENT, dated as of January 2, 2007, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Class A shares of its series, Forward Legato Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).