0001435109-15-000620 Sample Contracts

FORUM FUNDS INVESTMENT ADVISORY AGREEMENT WITH LEBENTHAL LISANTI CAPITAL GROWTH, LLC
Investment Advisory Agreement • July 22nd, 2015 • Forum Funds • New York

AGREEMENT made as of the 27th day of March, 2015, by and between Forum Funds, a Delaware statutory trust, with its principal office and place of business at Three Canal Plaza, Portland, Maine 04101 (the "Trust"), and Lebenthal Lisanti Capital Growth, LLC, a Delaware limited liability company, with its principal office and place of business at 230 Park Avenue, 32nd Floor, New York, New York 10169 (the "Adviser").

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EXPENSE LIMITATION AGREEMENT Forum Funds c/o Atlantic Fund Administration Three Canal Plaza, Suite 600 Portland, ME 04101
Expense Limitation Agreement • July 22nd, 2015 • Forum Funds

This Agreement constitutes the whole agreement between the parties and supersedes any previous fee waiver agreement relating to the Fund.

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