0001580642-22-006433 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ALTEGRIS ADVISORS, LLC
Investment Advisory Agreement • December 27th, 2022 • Northern Lights Fund Trust

AGREEMENT (the "Agreement"), made as of February 12, 2021 as revised June 30, 2021 and November 15, 2022 (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 AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • December 27th, 2022 • Northern Lights Fund Trust • New York

THIS AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of November 15, 2022 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Altegris/AACA Opportunistic Real Estate Fund and Altegris Futures Evolution Strategy Fund (the “Funds”) a series of the Trust, and the adviser of the Fund, Altegris Advisors, LLC (the “Adviser”).

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