0000910472-13-002472 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST And CMG CAPITAL MANAGEMENT GROUP, INC.
Investment Advisory Agreement • June 17th, 2013 • Northern Lights Fund Trust • New York

AGREEMENT, made as of February 27, 2009, as revised June 17, 2013, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and CMG Capital Management Group, Inc., a corporation organized and existing under the laws of the State of Pennsylvania (the "Adviser") located at 1000 Continental Drive, Suite 570, King of Prussia, PA 19406.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT CMG SR TACTICAL BOND FUND CMG TACTICAL EQUITY STRATEGY FUND CMG GLOBAL EQUTY FUND CMG MANAGED HIGH YIELD FUND
Trust Operating Expenses Limitation Agreement • June 17th, 2013 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of February 27, 2009, as revised November 18, 2011, as revised May 22, 2012 and as revised March 27, 2013 and as revised June 17, 2013, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of CMG SR Tactical Bond Fund, CMG Tactical Equity Strategy Fund, CMG Global Equity Fund and CMG Managed High Yield Fund, (each a “Fund” and collectively the “Funds”) each a series of the Trust, and the advisor of such Funds, CMG Capital Management Group, Inc. (the “Advisor”).

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