FORUM FUNDS INVESTMENT ADVISORY AGREEMENT Appendix A
Appendix A
Funds of the Trust |
Fee
as a % of the Annual |
Effective Date |
| Merk Hard Currency Fund* | 1.00% | May 9, 2005 |
IN WITNESS WHEREOF, the parties hereto have caused this Revised Appendix A to be duly executed all as of July 31, 2019.
| FORUM FUNDS | ||
| /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ | ||
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| President, Forum Funds | ||
| MERK INVESTMENTS, LLC | ||
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| President |
| * | Approved by the Board of Trustees of the Forum Funds May 8, 2005 |