0001580642-16-008940 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and
Investment Advisory Agreement • May 26th, 2016 • Northern Lights Fund Trust • New York

AGREEMENT, made as of March 23, 2016, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and W.E. Donoghue & Co., Inc., a Massachusetts Company (the "Adviser") located at 629 Washington Street, Norwood, Massachusetts 02062.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT DEARBORN CAPITAL MANAGEMENT, LLC
And Security Agreement • May 26th, 2016 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 24th day of September, 2013, as revised December 9, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Grant Park Multi-Alternative Strategies Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Dearborn Capital Management, LLC (the “Advisor”).

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