0001580642-18-003175 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and
Investment Advisory Agreement • June 29th, 2018 • Northern Lights Fund Trust • New York

AGREEMENT, made as of March 28, 2018, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and W.E. Donoghue & Co., LLC, a Delaware Limited Liability Company (the "Adviser") located at One International Place, Suite 2920, Boston, Massachusetts 02110.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Operating Expenses Limitation and Security Agreement • June 29th, 2018 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 20th day of May, 2010, as revised on the 12th day of August, 2014, the 23rd day of March, 2016, the 27th day of June, 2017, and the 28th day of March, 2018 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Power Income Fund, Power Dividend Index Fund and Power Momentum Index Fund, Power Floating Rate Index Fund, Power Dividend Mid-Cap Index Fund, and Power Global Tactical Allocation/JAForlines Fund (each a “Fund” and collectively the “Funds”) each a series of the Trust, and the advisor of such Funds, W.E. Donoghue & Co., LLC (the “Advisor”).

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