0000910472-11-000360 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • March 14th, 2011 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 9th day of August, 2010, 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 HOWARD CAPITAL MANAGEMENT, INC. (the “Subadviser”), a corporation registered under the Advisers Act, located at 555 Sun Valley Drive #B4, Roswell, GA, 30076, 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 • March 14th, 2011 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 20th day of October, 2010, 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 AMERICAN INDEPENDENCE FINANCIAL SERVICES, LLC (the “Subadviser”), a limited liability corporation registered under the Advisers Act, located at 335 Madison Avenue, Mezz., New York, NY 10017, 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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