0000910472-14-000670 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and GIRALDA ADVISORS, LLC
Investment Advisory Agreement • February 24th, 2014 • Northern Lights Fund Trust • New York

AGREEMENT (the "Agreement"), made as of December 10, 2013 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Giralda Advisors, LLC a Delaware limited liability company (the "Adviser") located at One Giralda Farms, Suite 130, Madison, NJ 07940.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
And Security Agreement • February 24th, 2014 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the "Agreement") is effective as of December 10, 2013, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), on behalf of GIRALDA RISK-MANAGED GROWTH FUND (the “Fund”), a series of the Trust, and the Advisor of such Funds, Giralda Advisors, LLC (the “Advisor”).

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