0000315774-09-000007 Sample Contracts

SUBADVISORY AGREEMENT BETWEEN LIBERTY STREET ADVISORS, INC. AND HORIZON ASSET MANAGEMENT, INC.
Subadvisory Agreement • April 30th, 2009 • Forum Funds • Delaware
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FORUM FUNDS DISTRIBUTION AGREEMENT
Distribution Agreement • April 30th, 2009 • Forum Funds • Delaware

AGREEMENT made as of the 31st day of March, 2009 (the “Effective Date”), by and between Forum Funds, a Delaware statutory trust, with its principal office and place of business at Three Canal Plaza, Portland, Maine 04101 (the “Trust”), and Foreside Fund Services, LLC, a Delaware limited liability company with its principal office and place of business at Three Canal Plaza, Portland, Maine 04101 (“Distributor”).

FORUM FUNDS INVESTMENT ADVISORY AGREEMENT WITH BECK, MACK & OLIVER LLC
Investment Advisory Agreement • April 30th, 2009 • Forum Funds • Delaware

AGREEMENT made this 10th day of April, 2009, between Forum Funds (the “Trust”), a statutory trust organized under the laws of the State of Delaware with its principal place of business at Three Canal Plaza, Portland, Maine 04101, and Beck, Mack & Oliver LLC (the “Adviser”), a limited liability company organized under the laws of State of New York with its principal place of business at 360 Madison Avenue, New York, New York 10017.

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