0001435109-13-000440 Sample Contracts

FORUM FUNDS INVESTMENT ADVISORY AGREEMENT
Forum Funds Investment Advisory Agreement • September 30th, 2013 • Forum Funds • New York

AGREEMENT made as of September 30, 2013, 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 Steinberg Asset Management, LLC, a Delaware limited liability company, with its principal office and place of business at 12 East 49th Street, New York, New York 10017 (the "Adviser").

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FOURTEENTH AMENDMENT FORUM FUNDS DISTRIBUTION AGREEMENT
Forum Funds Distribution Agreement • September 30th, 2013 • Forum Funds

This Fourteenth Amendment (the "Amendment") to the Distribution Agreement (the "Distribution Agreement") dated as of March 31, 2009, as amended, by and between Forum Funds, a Delaware statutory trust (the "Trust") and Foreside Fund Services, LLC, a Delaware limited liability company ("FFS") is entered into as of September 20, 2013 (the "Effective Date").

ADVISER LETTERHEAD]
Forum Funds • September 30th, 2013

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 renew automatically for one-year terms unless the Adviser provides written notice of its termination at least 90 days prior to the end of the then current term.

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