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0000315774-09-000209 Sample Contracts

FORUM FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 15th, 2009 • Forum Funds • Delaware

AGREEMENT made as of __________________________________ , 2010, by and between Forum Funds, a Delaware statutory trust, with its principal office and place of business at Three Canal Plaza, Suite 600, Portland, Maine 04101 (the “Trust”), and Utendahl Capital Management, LP a Delaware limited partnership, with its principal office and place of business at 30 Broad Street, New York, New York, 10004 (the “Adviser”).

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SUBADVISORY AGREEMENT BETWEEN UTENDAHL CAPITAL MANAGEMENT, LP AND PACIFIC INVESTMENT MANAGEMENT COMPANY
Subadvisory Agreement • December 15th, 2009 • Forum Funds • Delaware

AGREEMENT made as of , 2010, by and between Utendahl Capital Management, LP a Delaware limited partnership, with its principal office and place of business at 30 Broad Street, New York, New York, 10004 (the “Adviser”) and Pacific Investment Management Company (the “Subadviser”)..

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