0001193125-07-271065 Sample Contracts

Exhibit (d)(14) Amended and Restated Investment Sub-Advisory Agreement FORWARD FUNDS AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • December 26th, 2007 • Forward Funds • California

This INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”), effective as of December 7, 2006 and amended restated as of November 14, 2007, is by and among Cedar Ridge Partners, LLC, a Delaware limited liability company, (the “Sub-Advisor”), Forward Funds (the “Trust”), on behalf of the Forward Long/Short Credit Analysis Fund, a series of the Trust (the “Fund”), and Forward Management, LLC (the “Advisor”).

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Exhibit (h)(5)(z) Expense Limitation Agreement for Forward Asia Ex-Japan Equities Fund (Institutional Class shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD ASIA EX-JAPAN EQUITIES FUND (INSTITUTIONAL CLASS SHARES)
Expense Limitation Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Asia Ex-Japan Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(cc) Expense Limitation Agreement for Forward Eastern Europe Equities Fund (Investor Class shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD EASTERN EUROPE EQUITIES FUND (INVESTOR CLASS SHARES)
Expense Limitation Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Eastern Europe Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(bb) Expense Limitation Agreement for Forward Asia Ex-Japan Equities Fund (Class C shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD ASIA EX-JAPAN EQUITIES FUND (CLASS C SHARES)
Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Asia Ex-Japan Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(ee) Expense Limitation Agreement for Forward Eastern Europe Equities Fund (Class A shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD EASTERN EUROPE EQUITIES FUND (CLASS A SHARES)
Expense Limitation Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Eastern Europe Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(hh) Expense Limitation Agreement for Forward Hoover Mini-Cap Fund (Institutional Class shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD HOOVER MINI-CAP FUND (INSTITUTIONAL CLASS SHARES)
Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of April 1, 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 Hoover Mini-Cap Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(gg) Expense Limitation Agreement for Forward Hoover Mini-Cap Fund (Investor Class shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD HOOVER MINI-CAP FUND (INVESTOR CLASS SHARES)
Expense Limitation Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of November 1, 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 Hoover Mini-Cap Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(dd) Expense Limitation Agreement for Forward Eastern Europe Equities Fund (Institutional Class shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD EASTERN EUROPE EQUITIES FUND (INSTITUTIONAL CLASS SHARES)
Expense Limitation Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Eastern Europe Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(ff) Expense Limitation Agreement for Forward Eastern Europe Equities Fund (Class C shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD EASTERN EUROPE EQUITIES FUND (CLASS C SHARES)
Expense Limitation Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Eastern Europe Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

Exhibit (h)(5)(aa) Expense Limitation Agreement for Forward Asia Ex-Japan Equities Fund (Class A shares) EXPENSE LIMITATION AGREEMENT FOR FORWARD ASIA EX-JAPAN EQUITIES FUND (CLASS A SHARES)
Agreement • December 26th, 2007 • Forward Funds

THIS AGREEMENT, dated as of December 26, 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 Asia Ex-Japan Equities Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

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