0001580642-15-002419 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and PRINCETON FUND ADVISORS, LLC
Investment Advisory Agreement • May 28th, 2015 • Northern Lights Fund Trust • New York

AGREEMENT, made as of February 25, 2015 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Princeton Fund Advisors, LLC, a Delaware limited liability company (the "Adviser") located at 1125 17th Street, Suite 1400, Denver, CO 80202.

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SUBADVISORY AGREEMENT
Subadvisory Agreement • May 28th, 2015 • Northern Lights Fund Trust • Delaware

THIS SUBADVISORY AGREEMENT is made and entered into as of May 14, 2015, by and between Princeton Fund Advisors, LLC (the “Adviser”), a Delaware limited liability company located at 1125 17th Street, Suite 1400, Denver, CO 80202 and registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and AthenaInvest Advisors, LLC (the “Subadviser”), a Colorado limited liability company located at 5340 South Quebec Street, Suite 365-N, Greenwood Village, CO 80111 and also registered under the Advisers Act, with respect to the Athena Value Fund (the “Fund”), a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT ASTOR MACRO ALTERNATIVE FUND
Operating Expenses Limitation and Security Agreement • May 28th, 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”).

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 • May 28th, 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”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT ATHENA VALUE FUND
Operating Expenses Limitation Agreement • May 28th, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of April, 2015 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Athena Value Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Princeton Fund Advisors, LLC (the “Advisor”).

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