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 LONG/SHORT ETF FUND ASTOR ACTIVE INCOME ETF FUND ASTOR S.T.A.R. ETF FUND
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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