0001580642-15-001140 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ASTOR INVESTMENT MANAGEMENT, LLC
Investment Advisory Agreement • March 9th, 2015 • Northern Lights Fund Trust • New York

AGREEMENT (the "Agreement"), made as of June 30, 2014 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), Astor Invesment Management, LLC a limited liability company organized and existing under the laws of the State of Illinois (the "Adviser") located at 111 S. Wacker Drive, Suite 3950, Chicago, IL 60606.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT ASTOR MACRO ALTERNATIVE FUND
Operating Expenses Limitation and Security Agreement • March 9th, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of February 25, 2015, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Astor Macro Alternative Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Astor Investment Management, LLC (the “Advisor”).

OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Operating Expenses Limitation Agreement • March 9th, 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 AND SECURITY AGREEMENT ASTOR LONG/SHORT ETF FUND ASTOR ACTIVE INCOME ETF FUND ASTOR S.T.A.R. ETF FUND
Operating Expenses Limitation and Security Agreement • March 9th, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of June 30, 2014, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Astor Long/Short ETF Fund, Astor Active Income ETF Fund and Astor S.T.A.R. ETF Fund (each a “Fund”, collectively the “Funds”) each a series of the Trust, and the advisor of the Fund, Astor Investment Management, LLC (the “Advisor”).

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and BTS ASSET MANAGEMENT, INC.
Investment Advisory Agreement • March 9th, 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.

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