CUSTODIAN AGREEMENTCustodian Agreement • August 28th, 2009 • Forum Funds • California
Contract Type FiledAugust 28th, 2009 Company JurisdictionThis Custodian Agreement is made by and between FORUM FUNDS ("Principal") a management investment company registered under the Act with separate portfolios listed in Appendix A (each a “Fund”) each acting on its own behalf separately from all other Funds and not jointly or jointly and severally with any other Fund, and UNION BANK, N.A. ("Custodian"). Principal desires that Custodian hold and administer on behalf of Principal certain Securities (as herein defined) with respect to each Fund. Custodian is willing to do so on the terms and conditions set forth in this Agreement. Accordingly, Principal and Custodian agree as follows: