0001580642-16-011515 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • October 12th, 2016 • Northern Lights Fund Trust • Delaware

THIS SUBADVISORY AGREEMENT is made and entered into as of August 23, 2016, 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”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • October 12th, 2016 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 30th day of June, 2015, and amended on August 24, 2016 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Toews Tactical Defensive Alpha Fund (the “Fund”), a series of the Trust, and the Advisor of the Fund, Toews Corporation (the “Advisor”).

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