0000910472-13-002270 Sample Contracts

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
And Security Agreement • May 31st, 2013 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the "Agreement") is effective as of March 15, 2013, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), on behalf of THE GIRALDA FUND (the “Fund”), a series of the Trust, and the Advisor of such Funds, Giralda Advisors, LLC (the “Advisor”).

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TRANSFER AND ASSUMPTION AGREEMENT
Transfer and Assumption Agreement • May 31st, 2013 • Northern Lights Fund Trust

This Transfer and Assumption Agreement is made as of this 31st day of December 2012 by and between Knollwood Investment Advisors, LLC, an Illinois limited liability corporation ("Old Adviser") and Dearborn Capital Management, LLC, an Illinois limited liability company ("New Adviser").

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