0001580642-17-002453 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ALTEGRIS ADVISORS, LLC
Investment Advisory Agreement • April 19th, 2017 • Northern Lights Fund Trust • New York

AGREEMENT (the "Agreement"), made as of September 1, 2013 as revised September 24, 2013, November 1, 2013, and December 7, 2016 (the “Effective Date”) between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust") and Altegris Advisors, LLC, a Delaware Limited Liability Company (the "Adviser") located at 1200 Prospect Street, Suite 400, La Jolla, California 92037.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • April 19th, 2017 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of December 6, 2016 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Altegris GSA Trend Strategy Fund (the “Fund”) a series of the Trust, and the adviser of the Fund, Altegris Advisors, LLC (the “Adviser”).

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