0000910472-14-000106 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST II and AFAM CAPITAL, INC.
Investment Advisory Agreement • January 13th, 2014 • Northern Lights Fund Trust Ii • New York

AGREEMENT, made as of October 28, 2011, as amended November 26, 2012, July 23, 2013 and October 24, 2013 between NORTHERN LIGHTS FUND TRUST II, a Delaware statutory trust (the "Trust"), and AFAM CAPITAL, INC. a California corporation (the "Adviser"), located at 12117 FM 2244. Bldg. 3, #170, Austin, TX 78738.

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NORTHERN LIGHTS FUND TRUST II OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT BRAVER TACTICAL OPPORTUNITY FUND
And Security Agreement • January 13th, 2014 • 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, as amended December 17, 2013, by and between NORTHERN LIGHTS FUND TRUST II, a Delaware business trust (the “Trust”), on behalf of BRAVER TACTICAL OPPORTUNITY FUND (the “Fund”), a series of the Trust, and the advisor of such Fund, Braver Wealth Management, LLC (the “Advisor”).

NORTHERN LIGHTS FUND TRUST II OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT INNEALTA RISK BASED OPPORTUNITY MODERATE FUND INNEALTA RISK BASED OPPORTUNITY CONSERVATIVE FUND INNEALTA RISK BASED OPPORTUNITY GROWTH FUND
And Security Agreement • January 13th, 2014 • Northern Lights Fund Trust Ii • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective July 23, 2013, as amended October 24, 2013, by and between NORTHERN LIGHTS FUND TRUST II, a Delaware business trust (the “Trust”), on behalf of the INNEALTA RISK BASED OPPORTUNITY MODERATE FUND, INNEALTA RISK BASED OPPORTUNITY CONSERVATIVE FUND AND INNEALTA RISK BASED OPPORTUNITY GROWTH FUND (the “Funds”) each a series of the Trust, and the advisor of such Fund, AFAM Capital Inc. (the “Advisor”).

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