0001004402-03-000559 Sample Contracts

SUBADVISORY AGREEMENT BETWEEN BROWN INVESTMENT ADVISORY INCORPORATED AND CARDINAL CAPITAL MANAGEMENT, L.L.C.
Subadvisory Agreement • October 30th, 2003 • Forum Funds • Delaware
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September 22, 2003 Mr. John Y. Keffer Chairman Board of Trustees Forum Funds Two Portland Square Portland, Maine 04102 RE: Contractual Waivers and Reimbursements Dear John: Mastrapasqua Asset Management (the "Adviser") agrees to waive its investment...
Contractual Waivers and Reimbursements • October 30th, 2003 • Forum Funds

This agreement can only be terminated or amended upon the approval of the Trust's Board of Trustees and is automatically terminated if the Adviser is no longer a service provider to the Fund. Unless otherwise amended or terminated, this agreement will terminate as of September 30, 2004.

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