AMENDMENT NO. 1 TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST And ASCENDANT ADVISORS, LLC
AMENDMENT NO. 1 TO
Between
And
ASCENDANT ADVISORS, LLC
THIS INVESTMENT ADVISORY AGREEMENT AMENDMENT is made and entered into as of December 10, 2014 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Ascendant Advisors, LLC, a limited liability company organized and existing under the laws of the State of Texas (the "Adviser") located at Four Oaks Place, 0000 Xxxx Xxxx Xxxx, Xxxxx 0000, Xxxxxxx, XX 00000.
WHEREAS, the parties have entered into an Investment Advisory Agreement dated as of February 22, 2012 (the “Agreement”);
WHEREAS, the Trust’s Board of Trustees subsequently changed the name of the Ascendant MultiCap Equity Fund to Ascendant Deep Value Convertibles Fund;
WHEREAS, the parties now desire to amend the Agreement as set forth below.
NOW, THEREFORE, the parties hereto agree as follows:
| 1. | All references in the Agreement to “Ascendant MultiCap Equity Fund” shall be replaced with “Ascendant Deep Value Convertibles Fund”. |
| 2. | Appendix A to the Agreement is deleted in its entirety and replaced with Appendix A attached hereto. |
| 3. | All other terms of the Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF, the parties have executed this Advisory Agreement Amendment as of the date set forth above.
| NORTHERN LIGHTS FUND TRUST | ASCENDANT ADVISORS, LLC | |||
| By: /s/ Xxxxxx Xxxxxx | By: /s/ Xxxxx X. Xxx | |||
| Name: Xxxxxx Xxxxxx | Name: Xxxxx X. Xxx | |||
| Title: President | Title: Managing Member | |||
APPENDIX A
FUNDS OF THE TRUST AS OF DECEMBER 10, 2014
|
NAME OF FUND |
ANNUAL ADVISORY FEE AS A % OF AVERAGE NET ASSETS OF THE FUND |
| Ascendant Balanced Fund | 1.10% |
| Ascendant Natural Resources Fund | 0.50% |
| Ascendant Deep Value Convertibles Fund | 1.15% |
| Ascendant Patriot Fund | 1.40% |
