Fund Trust Operating Expenses Limitation Agreement Sample Contracts

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT PRINCETON FUTURES STRATEGY FUND
Fund Trust Operating Expenses Limitation Agreement • July 28th, 2016 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 25TH day of March, 2010, as revised on February 23, 2011, October 1, 2013, June 25, 2014 and June 30, 2016 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Princeton Futures Strategy Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Princeton Fund Advisors, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT EAGLE MLP STRATEGY FUND
Fund Trust Operating Expenses Limitation Agreement • July 24th, 2018 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 18TH day of August, 2011, as revised November 14, 2012, August 12, 2014, March 29, 2017 and May 21, 2018 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Eagle MLP Strategy Fund (the “Fund”) a series of the Trust, and the co-advisors of the Fund, Princeton Fund Advisors, LLC and Eagle Global Advisors, LLC (the “Co-Advisors”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT TOEWS TACTICAL OCEANA FUND TOEWS TACTICAL INCOME FUND TOEWS TACTICAL MONUMENT FUND TOEWS TACTICAL OPPORTUNITY FUND TOEWS TACTICAL GROWTH ALLOCATION FUND TOEWS TACTICAL DEFENSIVE ALPHA...
Fund Trust Operating Expenses Limitation Agreement • October 26th, 2020 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 1st day of May 2009, as revised December 14, 2009, May 20, 2010, June 22, 2011, March 27, 2013, August 12, 2014, and August 20, 2019 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Toews Tactical Oceana Fund, Toews Tactical Income Fund, Toews Tactical Monument Fund, Toews Tactical Opportunity Fund, Toews Tactical Growth Allocation Fund, Toews Tactical Defensive Alpha Fund and Toews Unconstrained Income Fund (each a “Fund” and collectively the “Funds”), each a series of the Trust, and the Advisor of such Funds, Toews Corporation (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT PROBABILITIES FUND
Fund Trust Operating Expenses Limitation Agreement • January 28th, 2016 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 14TH day of December, 2015, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Probabilities Fund (the “Fund”) a series of the Trust, and the adviser of the Fund, Probabilities Fund Management, LLC (the “Adviser”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT PRINCETON ADAPTIVE PREMIUM FUND
Fund Trust Operating Expenses Limitation Agreement • April 10th, 2024 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of March 23, 2022 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Princeton Adaptive Premium Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Princeton Fund Advisors, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT WADE CORE DESTINATION FUND
Fund Trust Operating Expenses Limitation Agreement • August 21st, 2008 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 26th day of June, 2008, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of WADE CORE DESTINATION FUND (the “Fund”) a series of the Trust, and the advisor of the Fund, Wade Financial Group, Inc. (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT PROBABILITIES FUND
Fund Trust Operating Expenses Limitation Agreement • January 15th, 2014 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 12TH day of November, 2013, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Probabilities Fund (the “Fund”) a series of the Trust, and the co-advisors of the Fund, Probabilities Fund Management, LLC and Princeton Fund Advisors, LLC (the “Co-Advisors”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Fund Trust Operating Expenses Limitation Agreement • October 20th, 2009 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 21st day of February, 2008, as revised on May 29, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of The Gratio Values Fund, (the “Fund”) a series of the Trust and the Advisor of the Fund, Sherwood Advisers, LLC (D.B.A. Gratio Capital) (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT PROBABILITIES FUND
Fund Trust Operating Expenses Limitation Agreement • April 26th, 2022 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 11TH day of March, 2016, as revised December 11, 2019 and March 2, 2022 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Probabilities Fund (the “Fund”) a series of the Trust, and the adviser of the Fund, Probabilities Fund Management, LLC (the “Adviser”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT SIERRA CORE RETIREMENT FUND
Fund Trust Operating Expenses Limitation Agreement • December 17th, 2007 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of November, 2007, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Sierra Core Retirement Fund, (the “Fund”) a series of the Trust and the Advisor of such Fund, Wright Fund Management, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT Alphacore STATISTICAL ARBITRAGE fund
Fund Trust Operating Expenses Limitation Agreement • August 9th, 2017 • Northern Lights Fund Trust • New York

WHEREAS, the Advisor renders advice and services to the Fund pursuant to the terms and provisions of an Investment Advisory Agreements between the Trust and the Advisor dated as of the 27th day of June, 2017 with respect to AlphaCore Statistical Arbitrage Fund, (the “Investment Advisory Agreement”); and

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT BTS DIVERSIFIED INCOME FUND
Fund Trust Operating Expenses Limitation Agreement • February 12th, 2013 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of December 11, 2012, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of BTS Diversified Income Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, BTS Asset Management, Inc. (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT SIERRA STRATEGIC INCOME FUND
Fund Trust Operating Expenses Limitation Agreement • June 11th, 2012 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 18th day of November, 2011 as revised December 14, 2011, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Sierra Strategic Income Fund, (the “Fund”) a series of the Trust and the Advisor of such Fund, Wright Fund Management, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT THE BIONDO FUND
Fund Trust Operating Expenses Limitation Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 19th day of December , 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of T he Biondo Fund, (the “ Fund”) a series of the Trust and the Advisor of such Fund, Biondo Investment Advisors, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT BIONDO GROWTH FUND
Fund Trust Operating Expenses Limitation Agreement • April 29th, 2014 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 19th day of December, 2005, as amended on March 17, 2008, as revised on December 14, 2009 and March 26, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Biondo Growth Fund (the “Fund”) a series of the Trust and the Advisor of the Fund, Biondo Investment Advisors, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT KCM MACRO TRENDS FUND
Fund Trust Operating Expenses Limitation Agreement • April 18th, 2008 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 18TH day of March, 2008, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of KCM MACRO TRENDS FUND (the “Fund”) a series of the Trust, and the advisor of the Fund, KERNS CAPITAL MANAGEMENT, INC. (formerly MLK Capital Management, Inc.) (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT EAGLE MLP STRATEGY FUND
Fund Trust Operating Expenses Limitation Agreement • December 26th, 2013 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 18TH day of August, 2011, as revised November 14, 2012, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Eagle MLP Strategy Fund (the “Fund”) a series of the Trust, and the co-advisors of the Fund, Princeton Fund Advisors, LLC and Eagle Global Advisors, LLC (the “Co-Advisors”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT SIERRA CORE RETIREMENT FUND
Fund Trust Operating Expenses Limitation Agreement • June 1st, 2012 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of November, 2007, as amended on December 15, 2008, December 14, 2009 November 10, 2010 and March 28, 2012, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Sierra Core Retirement Fund, (the “Fund”) a series of the Trust and the Advisor of such Fund, Wright Fund Management, LLC (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Fund Trust Operating Expenses Limitation Agreement • October 3rd, 2007 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 30th day of March, 2007, as amended on June 28, 2007, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of The Gratio Values Fund, (the “Fund”) a series of the Trust and the Advisor of the Fund, Sherwood Advisers, LLC (D.B.A. Gratio Capital) (the “Advisor”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT BTS HEDGED INCOME FUND BTS TACTICAL FIXED INCOME FUND
Fund Trust Operating Expenses Limitation Agreement • April 29th, 2014 • Northern Lights Fund Trust • New York

WHEREAS, the Advisor renders advice and services to the Funds pursuant to the terms and provisions of an Investment Advisory Agreements between the Trust and the Advisor dated as of the 11th day of December, 2012 with respect to BTS Hedged Income Fund and the 6th day of February, 2013 with respect to BTS Tactical Fixed Income Fund, (the “Investment Advisory Agreement”); and

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