0001193125-08-211081 Sample Contracts

FORUM FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 15th, 2008 • Forum Funds • Delaware

AGREEMENT made as of September 30th, 2008, 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 Absolute Investment Advisers LLC a Massachusetts limited liability company, with its principal office and place of business at 350 Lincoln Street, Suite 216, Hingham, MA 02043 (the “Adviser”).

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FORUM FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 15th, 2008 • Forum Funds • New York

AGREEMENT made as of August 8, 2006, by and between Forum Funds, a Delaware business trust, with its principal office and place of business at Two Portland Square, Portland, Maine 04101 (the “Trust”), and Brown Investment Advisory Incorporated, a Maryland corporation, with its principal office and place of business at 901 S. Bond Street, Suite 400, Baltimore, Maryland 21231 (the “Adviser”).

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