0000910472-12-001118 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST II and MILLIMAN FINANCIAL RISK MANAGEMENT LLC
Investment Advisory Agreement • April 12th, 2012 • Northern Lights Fund Trust Ii • New York

AGREEMENT, made as of January 23, 2012 between Northern Lights Fund Trust II, a Delaware statutory trust (the "Trust"), and Milliman Financial Risk Management LLC, a Delaware limited liability company (the "Adviser"), located at 71 S. Wacker Drive, 31st Floor, Chicago, IL 60606.

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NORTHERN LIGHTS FUND TRUST II OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT SUSTAINABLE OPPORTUNITIES FUND
And Security Agreement • April 12th, 2012 • Northern Lights Fund Trust Ii • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 23rd day of January, 2012, by and between NORTHERN LIGHTS FUND TRUST II, a Delaware business trust (the “Trust”), on behalf of the SUSTAINABLE OPPORTUNITIES FUND (the “Fund”) a series of the Trust, and the advisor of such Fund, Milliman Financial Risk Management LLC, (the “Advisor”).

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