0001193125-07-214217 Sample Contracts

Exhibit (d)(16) Sub-Advisory Agreement among the Registrant, the Advisor and Pictet Asset Management SA FORWARD FUNDS INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • October 5th, 2007 • Forward Funds • California

This INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”) effective as of October 5, 2007, is by and among Pictet Asset Management SA, (the “Sub-Advisor”), Forward Funds (the “Trust”), on behalf of the Forward International Fixed Income Fund, a series of the Trust (the “Fund”), and Forward Management, LLC (the “Advisor”).

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Exhibit (h)(5)(t) Expense Limitation Agreement for the Forward International Fixed Income Fund (Institutional Class Shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD INTERNATIONAL FIXED INCOME FUND (INSTITUTIONAL CLASS SHARES)
Agreement • October 5th, 2007 • Forward Funds

THIS AGREEMENT, dated as of October 5, 2007, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Institutional Class shares of its series, Forward International Fixed Income Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Sample 1
Exhibit (h)(5)(u) Expense Limitation Agreement for the Forward International Fixed Income Fund (Class A Shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD INTERNATIONAL FIXED INCOME FUND (CLASS A SHARES)
Limitation Agreement • October 5th, 2007 • Forward Funds

THIS AGREEMENT, dated as of October 5, 2007, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Class A shares of its series, Forward International Fixed Income Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Sample 1
Exhibit (h)(5)(v) Expense Limitation Agreement for the Forward International Fixed Income Fund (Class C Shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD INTERNATIONAL FIXED INCOME FUND (CLASS C SHARES)
Limitation Agreement • October 5th, 2007 • Forward Funds

THIS AGREEMENT, dated as of October 5, 2007, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Class C shares of its series, Forward International Fixed Income Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Sample 1
Exhibit (h)(5)(s) Expense Limitation Agreement for the Forward International Fixed Income Fund (Investor Class Shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD INTERNATIONAL FIXED INCOME FUND (INVESTOR CLASS SHARES)
Agreement • October 5th, 2007 • Forward Funds

THIS AGREEMENT, dated as of October 5, 2007, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Investor Class shares of its series, Forward International Fixed Income Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Sample 1
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