0001580642-16-008419 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 29th, 2016 • Northern Lights Fund Trust • Delaware

This AGREEMENT is made as of the 1st day of December 2015, by and between Convector Capital Management, LP, a Delaware limited partnership, located at 645 Madison Ave., 5th Floor, New York, NY 10022 (the “Sub-Adviser”), and Altegris Advisors, L.L.C., a Delaware limited liability company located at 1200 Prospect Street, Suite 400, La Jolla, CA 92037 (the “Adviser”). The Adviser and the Sub-Adviser are each and individually a “Party” and collectively the “Parties.”

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NORTHERN LIGHTS FUND TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • April 29th, 2016 • 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 on May 1, 2014, and April 30, 2015 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Altegris Multi-Strategy Alternative Fund (the “Fund”) each a series of the Trust, and the adviser of the Fund, Altegris Advisors, LLC (the “Adviser”).

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