APPENDIX A

Separate Portfolios

CUSTODIAN AGREEMENT

(FOREIGN AND DOMESTIC SECURITIES)

Forum Funds and MUFG Union Bank, N.A.

Effective Date October 12, 2020

Funds

Absolute Capital Opportunities Fund

Absolute Convertible Arbitrage Fund

Absolute Strategies Fund

Auxier Focus Fund

Beck, Mack & Oliver Partners Fund

DF Dent Midcap Growth Fund

DF Dent Premier Growth Fund

DF Dent Small Cap Growth Fund

Lisanti Small Cap Growth Fund

MAI Managed Volatility Fund

Monongahela All Cap Value Fund

Payson Total Return Fund

Polaris Global Value Fund

The BeeHive Fund

By: Forum Funds	By: MUFG Union Bank, N.A.
“Principal”	“Custodian”
/s/ Jessica Chase	/s/Brian Davies
Authorized Signature	Authorized Signature
Jessica Chase, President	Brian Davies
10/12/20	10/12/20
Date	Date