FORUM FUNDS INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • July 29th, 2011 • Forum Funds • New York
Contract Type FiledJuly 29th, 2011 Company JurisdictionAGREEMENT made as of May 9, 2005, as amended and restated June 24, 2011, 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 Merk Investments, LLC, with its principal office and place of business at 555 Bryant Avenue #455, Palo Alto, California 94301 (the “Adviser”).