Common Contracts

Exhibit (h)(5)(l) Expense Limitation Agreement for the Sierra Club Stock Fund (Class A shares) EXPENSE LIMITATION AGREEMENT FOR SIERRA CLUB STOCK FUND (CLASS A SHARES)

Expense Limitation Agreement • July 16th, 2007 • Forward Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  July 16th, 2007
• Company
  Forward Funds

THIS AGREEMENT, dated as of May 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, Sierra Club Stock Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(g) Expense Limitation Agreement for the Forward International Small Companies Fund (Class A shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD INTERNATIONAL SMALL COMPANIES FUND (CLASS A SHARES)

Expense Limitation Agreement • July 16th, 2007 • Forward Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  July 16th, 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 International Small Companies Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

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)

Expense Limitation Agreement • April 30th, 2007 • Forward Funds

• Contract Type
  Expense Limitation 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”).

Contract

Expense Limitation Agreement • April 30th, 2007 • Forward Funds

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

THIS AGREEMENT, dated as of May 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, Sierra Club Stock Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(i) Amended and Restated Expense Limitation Agreement for Forward Large Cap Equity Fund (Class A Shares) AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT FOR FORWARD LARGE CAP EQUITY FUND (CLASS A SHARES)

Expense Limitation Agreement • February 15th, 2007 • Forward Funds

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

THIS AGREEMENT, restated as of January 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 Large Cap Equity Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(f) Expense Limitation Agreement for Sierra Club Stock Fund (Class A Shares) EXPENSE LIMITATION AGREEMENT FOR SIERRA CLUB STOCK FUND (CLASS A SHARES)

Expense Limitation Agreement • February 15th, 2007 • Forward Funds

• Contract Type
  Expense Limitation 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, Sierra Club Stock 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)

Expense Limitation Agreement • February 15th, 2007 • Forward Funds

• Contract Type
  Expense Limitation 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”).