0001580642-15-000315 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and LOGAN CIRCLE PARTNERS, L.P.
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

AGREEMENT (the "Agreement"), made as of November 7, 2014 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Logan Circle Partners, L.P., a Pennsylania limited partnership (the "Adviser") located at 1717 Arch Street, Suite 1500, Philadelphia, PA 19103.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT GENESIS CAPITAL, LLC
Operating Expenses Limitation and Security Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 12th day of November, 2013 as revised December 9, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Anchor Alternative Income Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Genesis Capital, LLC (the “Advisor”).

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and Wright Fund Management, LLC
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust • Nebraska

AGREEMENT, made as of November 15, 2007, as revised December 9, 2014, between Northern Lights Fund Trust, a Delaware business trust (the "Trust"), and Wright Fund Management, LLC, a Delaware limited liability company (the "Advisor"), located at 3420 Ocean Park Boulevard, Santa Monica, CA.

OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Operating Expenses Limitation Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of November, 2007, as amended on December 15, 2008, December 14, 2009 November 10, 2010 March 28, 2012, and December 9, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Sierra Core Retirement Fund, (the “Fund”) a series of the Trust and the Advisor of such Fund, Wright Fund Management, LLC (the “Advisor”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 26th day of June, 2008, as revised December 30, 2009, January 28, 2011, February 23, 2011, February 1, 2012 and December 9, 2014, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of and EQUINOX MUTUALHEDGE FUTURES STRATEGY FUND(the “Fund”) a series of the Trust, and the advisor of the Fund, Equinox Fund Management, LLC. (the “Advisor”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT ASCENDANT ADVISORS, LLC
Operating Expenses Limitation and Security Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 17th day of May, 2011, as revised the 18th day of November, 2011, and as revised June 18, 2013 and December 9, 2014, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Ascendant Balanced Fund, Ascendant Natural Resources Fund, Ascendant Deep Value Convertibles Fund and Ascendant Patriot Fund (each a “Fund”, collectively the “Funds”) each series of the Trust, and the Advisor of the Fund, Ascendant Advisors, LLC (the “Advisor”).

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and GENESIS CAPITAL, LLC
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of June 25, 2014, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Genesis Capital, LLC, a Washington limited liability company (the "Adviser") located at 7191 Wagner Way NW, Suite 302, Gig Harbor, WA 98335 .

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of June 25, 2014, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and W.E. Donoghue & Co., Inc., a Massachussets Company (the "Adviser") located at 629 Washington Street, Norwood, Massachusetts 02062 .

AMENDMENT NO. 1 TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST And ASCENDANT ADVISORS, LLC
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS INVESTMENT ADVISORY AGREEMENT AMENDMENT is made and entered into as of December 10, 2014 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Ascendant Advisors, LLC, a limited liability company organized and existing under the laws of the State of Texas (the "Adviser") located at Four Oaks Place, 1330 Post Oaks Blvd, Suite 1550, Houston, TX 77056.

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and BTS ASSET MANAGEMENT, INC.
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of December 9, 2014, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), BTS Asset Management, Inc. a Massachusetts corporation (the “Adviser” or “BTS”) located at 420 Bedford Street, Suite 340, Lexington, MA 02420.

AMENDMENT NO. 1 TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST And BTS ASSET MANAGEMENT, INC.
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS INVESTMENT ADVISORY AGREEMENT AMENDMENT is made and entered into as of December 10, 2014 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and BTS Asset Management, Inc., a corporation organized and existing under the laws of the State of Massachusetts (the "Adviser") located at 420 Bedford Street, Suite 340, Lexington, MA 02420.

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and PRINCETON FUND ADVISORS, LLC
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of September 30, 2014, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), Princeton Fund Advisors, LLC, a Delaware limited liability company (a “Adviser” or “Princeton”) located at 1125 17th Street, Suite 1400, Denver, CO 80202.

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT FORTRESS LONG/SHORT CREDIT FUND
Operating Expenses Limitation Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 7th day of November, 2014, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Fortress Long/Short Credit Fund (the “Fund”) a series of the Trust, and the Adviser of the Fund, Logan Circle Partners, L.P. (the “Adviser”).

NORTHERN LIGHTS FUND TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT ALTEGRIS FUTURES EVOLUTION STRATEGY FUND
Operating Expenses Limitation Agreement • January 23rd, 2015 • Northern Lights Fund Trust • New York

THIS AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of April 23, 2014, as revised May 1, 2014 and December 9, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Altegris Futures Evolution Strategy Fund (the “Fund”) a series of the Trust, and the adviser of the Fund, Altegris Advisors, LLC (the “Adviser”).

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and PRINCETON FUND ADVISORS, LLC and EAGLE GLOBAL ADVISORS, LLC
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of August 12, 2014, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), Princeton Fund Advisors, LLC, a Delaware limited liability company (a “Co-Adviser” or “Princeton”) located at 1125 17th Street, Suite 1400, Denver, CO 80202; and Eagle Global Advisors, LLC, a Texas limited liability company a (“Co-Adviser” or “Eagle”) located at 5847 San Felipe, Suite 930, Houston, TX 77057.

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and CLARK CAPITAL MANAGEMENT GROUP, INC.
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of November 11, 2014, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), Clark Capital Management Group, Inc., a Philadelphia Corporation (a “Adviser” or “Clark Capital”) located at 1650 Market Street, 53rd, Philadelphia, PA 19103.

AMENDMENT NO. 1 TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST And CMG CAPITAL MANAGEMENT GROUP, INC.
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS INVESTMENT ADVISORY AGREEMENT AMENDMENT is made and entered into as of December 10, 2014 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.

AMENDMENT NO. 1 TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST And CMG CAPITAL MANAGEMENT GROUP, INC.
Investment Advisory Agreement • January 23rd, 2015 • Northern Lights Fund Trust

THIS INVESTMENT ADVISORY AGREEMENT AMENDMENT is made and entered into as of December 10, 2014 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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