0000910472-09-000323 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • April 30th, 2009 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 27th day of February, 2009, by and between CMG CAPITAL MANAGEMENT GROUP, INC. (the "Adviser"), a corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at located at 150 N. Radnor-Chester Road, Suite A150, Radnor, Pennsylvania 19087, and SCHREINER CAPITAL MANAGEMENT, INC. (the “Subadviser”), a corporation registered under the Advisers Act, located at 111 Summit Drive, Suite 100, Exton, PA 19341, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

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SUBADVISORY AGREEMENT
Subadvisory Agreement • April 30th, 2009 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 27th day of February, 2009, by and between CMG CAPITAL MANAGEMENT GROUP, INC. (the "Adviser"), a corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at located at 150 N. Radnor-Chester Road, Suite A150, Radnor, Pennsylvania 19087, and TRAUB CAPITAL MANAGEMENT, LLC (the “Subadviser”), a limited liability company registered under the Advisers Act, located at 97 Chapel Street, 3rd Floor, Needham, MA 02492, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

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