Northern Lights Fund Trust Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and OSTERWEIS CAPITAL MANAGEMENT, LLC
Investment Advisory Agreement • October 24th, 2022 • Northern Lights Fund Trust • New York

AGREEMENT, made as of September 28, 2022, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Osterweis Capital Management, LLC a California Limited Liability Company (the "Adviser") located at One Maritime Plaza, Suite 800 San Francisco, CA 941111.

SUBADVISORY AGREEMENT
Subadvisory Agreement • May 5th, 2017 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 1st day of March, 2017, by and between CMG CAPITAL MANAGEMENT GROUP, INC. (the "Adviser"), a corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 1000 Continental Drive, Suite 570, King of Prussia, PA 19406, and MAULDIN SOLUTIONS, LLC (the “Subadviser”), a limited liability company registered under the Advisers Act, located at 2900 McKinnon, Suite 1708 Dallas, TX 75201, with respect to each Fund listed on Schedule A attached hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT DEARBORN CAPITAL MANAGEMENT, LLC
And Security Agreement • January 25th, 2022 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 24th day of September, 2013, as revised December 9, 2014, March 1, 2017 and December 11, 2019 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Grant Park Multi-Alternative Strategies Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Dearborn Capital Management, LLC (the “Advisor”).

NORTHERN LIGHTS FUND TRUST INVESTMENT ADVISORY AGREEMENT Jacobs & Company Mutual Fund
Investment Advisory Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 19th day of May, 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (hereinafter called the “Trust”), on behalf of the following series of the Trust, Jacobs & Company Mutual Fund (the “Fund”) and Jacobs & Company, a West Virginia corporation, (hereinafter called the “Advisor”).

CUSTODY AGREEMENT
Custody Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

AGREEMENT, dated as of May 19, 2005, between the NORTHERN LIGHTS FUND TRUST , a statutory trust organized and existing under the laws of the State of Delaware having its principal office and place of business at 150 Motor Parkway, Suite 205, Hauppauge, New York 11788, on behalf of the Jacobs & Company Mutual Fund (the “Fund”) and The Bank of New York, a New York corporation authorized to do a banking business having its principal office and place of business at One Wall Street, New York, New York 10286 (“Custodian”).

UNDERWRITING AGREEMENT Between NORTHERN LIGHTS FUND TRUST and NORTHERN LIGHTS DISTRIBUTORS, LLC
Underwriting Agreement • July 27th, 2015 • Northern Lights Fund Trust • Nebraska

THIS UNDERWRITING AGREEMENT effective the 30th day of April, 2015, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 17605 Wright Street, Omaha, Nebraska 68130 (the “Trust”), and NORTHERN LIGHTS DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 17605 Wright Street, Omaha, Nebraska 68130 (“NLD”).

DISTRIBUTION AGREEMENT
Distribution Agreement • October 20th, 2008 • Northern Lights Fund Trust • Delaware

THIS AGREEMENT is made and entered into as of this 25th day of September, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, NY 11788 (the “Client”) and Foreside Distribution Services, L.P., an Ohio limited partnership (the “Distributor”).

CUSTODY AGREEMENT
Custody Agreement • April 17th, 2020 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of the last date on the signature page, by and between NORHTERN LIGHTS TRUST, a Delaware statutory trust, ON BEHALF OF ITS SERIES THE 13D ACTIVIST FUND (the “Fund”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).

FUND SERVICES AGREEMENT between NORTHERN LIGHTS FUND TRUST and
Fund Services Agreement • September 27th, 2013 • Northern Lights Fund Trust • New York

THIS FUND SERVICES AGREEMENT (the “Agreement”) made as of June 22, 2011, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust having its principal office and place of business at 4020 South 147th Street, Omaha, Nebraska 68137 (the "Trust") and GEMINI FUND SERVICES, LLC, a Nebraska limited liability company having its principal office and place of business at 4020 South 147th Street, Omaha, Nebraska 68137 (“GFS”). This Agreement replaces and supersedes the existing fund services agreement between the parties hereto; provided, however that the Appendix IV’s in existence as of the date hereof shall remain in effect under this Agreement.

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
And Security Agreement • October 29th, 2014 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the "Agreement") is effective as of March 15, 2013, as revised September 30, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), on behalf of THE GIRALDA FUND (the “Fund”), a series of the Trust, and the Advisor of such Funds, Giralda Advisors, LLC (the “Advisor”).

DISTRIBUTION PLAN PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series CMG TACTICAL EQUITY STRATEGY FUND
Distribution Plan • August 10th, 2012 • Northern Lights Fund Trust

DISTRIBUTION PLAN made as of November 18, 2011, and as revised May 22, 2012 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, CMG TACTICAL EQUITY STRATEGY FUND (the “Fund) and the distributor for the Fund, Northern Lights Distributors, LLC (the “DISTRIBUTOR”).

AGREEMENT AND DECLARATION OF TRUST
Agreement and Declaration • February 18th, 2005 • Northern Lights Fund Trust • Delaware
FORM OF INVESTMENT ADVISORY AGREEMENT BETWEEN HIGHLAND TREND FOLLOWING FUND AND HIGHLAND FUNDS ASSET MANAGEMENT, L.P. INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 25th, 2011 • Highland Funds Ii • Massachusetts

AGREEMENT made as of [_____ ], 2011, by and between Highland Funds Asset Management, L.P., a Delaware limited partnership (the “Adviser”), and Highland Funds II, a Massachusetts business trust (fka GE Funds the “Trust”), on behalf of its series, Highland Trend Following Fund (the “Fund”).

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”).

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and Wright Fund Management, LLC
Investment Advisory Agreement • May 14th, 2021 • Northern Lights Fund Trust • Nebraska

AGREEMENT, made as of March 23, 2021, between Northern Lights Fund Trust, a Delaware business trust (the "Trust"), and Wright Fund Management, LLC, a Delaware limited liability company (the "Advisor"), located at 3420 Ocean Park Boulevard, Santa Monica, CA.

DISTRIBUTION PLAN AND AGREEMENT PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series BIONDO FOCUS FUND
Distribution Plan and Agreement • January 28th, 2010 • Northern Lights Fund Trust

DISTRIBUTION PLAN made as of December 14, 2009 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, BIONDO FOCUS FUND (the “Fund”) and the distributor for the Fund, Northern Lights Distributors, LLC (the “DISTRIBUTOR”).

CUSTODY AGREEMENT BETWEEN THE HUNTINGTON NATIONAL BANK AND
Custody Agreement • April 25th, 2008 • Northern Lights Fund Trust • Ohio

This agreement (the "Agreement") is entered into as of the 17th day of March 2008, by and between Northern Lights Fund Trust (the "Trust"), a Delaware statutory trust having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, New York 11788 and The Huntington National Bank, (the "Custodian"), a national banking association having its principal office at 41 South High Street, Columbus, Ohio 43215.

SUBADVISORY AGREEMENT
Subadvisory Agreement • October 29th, 2014 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 27th day of March, 2013, by and between CMG CAPITAL MANAGEMENT GROUP, INC. (the "Adviser"), a corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at located at 1000 Continental Drive, Suite 570, King of Prussia, PA 19406, and ALPHASIMPLEX GROUP, LLC (the “Subadviser”), a limited liability company registered under the Advisers Act, located at One Cambridge Center, Cambridge, MA 02142, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

ADMINISTRATION SERVICE AGREEMENT between NORTHERN LIGHTS FUND TRUST and
Service Agreement • October 3rd, 2007 • Northern Lights Fund Trust • Nebraska

AGREEMENT made as of the 19th day of May 2005, as revised on June 22, 2006, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, New York 11788 (the "Trust") and Gemini Fund Services, LLC, a Nebraska limited liability company having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, New York 11788 (“GFS”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 24th, 2021 • Northern Lights Fund Trust • Delaware

This AGREEMENT is made as of the 12th day of February 2021, by and among American Assets Capital Advisers, LLC, a Delaware limited liability company located at 11455 El Camino Real, Suite 300, San Diego, CA 92130 (the “Sub-Adviser”), and Altegris Advisors, L.L.C., a Delaware limited liability company located at 1200 Prospect Street, Suite 400, La Jolla, CA 92037 (the “Adviser”).

TRANSFER AGENCY SERVICE AGREEMENT
Transfer Agency Service Agreement • October 3rd, 2007 • Northern Lights Fund Trust • Nebraska

AGREEMENT made this 19th day of May 2005, as revised on June 22, 2006, by and between the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, NY 11788 (the “Trust”), and Gemini Fund Services, LLC, a Nebraska limited liability company having its principal office at 450 Wireless Boulevard, Hauppauge, NY 11788 (“GFS”).

FUND ACCOUNTING SERVICE AGREEMENT between NORTHERN LIGHTS FUND TRUST and INDEX
Service Agreement • October 3rd, 2007 • Northern Lights Fund Trust • Nebraska

AGREEMENT made as of the 19th day of May 2005, as revised on June 22, 2006, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, New York 11788 (the "Trust") and Gemini Fund Services, LLC, a Nebraska limited liability company having its principal office and place of business at 450 Wireless Boulevard, Hauppauge, New York 11788 (“GFS”).

UNDERWRITING AGREEMENT Between NORTHERN LIGHTS FUND TRUST and AQUARIUS FUND DISTRIBUTORS, LLC
Underwriting Agreement • October 3rd, 2007 • Northern Lights Fund Trust • Nebraska

AGREEMENT made this 2nd day of August 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 150 Motor Parkway, Suite 205, Hauppauge, NY 11788 (the “Trust”), and AQUARIUS FUND DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 4020 South 147th Street, Omaha, Nebraska 68137 (“AFD”).

FUND OF FUNDS INVESTMENT AGREEMENT
Fund of Funds Investment Agreement • January 25th, 2022 • Northern Lights Fund Trust • Delaware

THIS FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of January 19, 2022 (the “Effective Date”), is made by and between each registered open-end investment company (each, a “Registrant”), on behalf of each portfolio series of each such Registrant listed on Schedule A or Schedule B hereto, or if the relevant Registrant has no portfolio series, then the relevant Registrant (as applicable, each an “Acquiring Fund” or “Acquired Fund” pursuant to the applicable schedule), each severally and not jointly.

CUSTODY AGREEMENT
Custody Agreement • October 20th, 2008 • Northern Lights Fund Trust • Ohio

THIS CUSTODY AGREEMENT (this “Agreement”), is made as of June 26, 2008, by and between NORTHERN LIGHTS FUND TRUST, a statutory trust organized under the laws of the State of Delaware (the "Company"), and FIFTH THIRD BANK, an Ohio banking corporation (the "Custodian").

INVESTMENT ADVISORY AGREEMENT Between AGMS FUND LIMITED
Investment Advisory Agreement • October 27th, 2015 • Northern Lights Fund Trust • New York

AGREEMENT, made as of September 1, 2013, between AGMS Fund Limited, an exempt, Cayman Islands Corporation of Limited Liability (the “Fund”), and Altegris Advisors, LLC, a Delaware Limited Liability Company (the "Adviser") located at 1200 Prospect Street, Suite 400, La Jolla, California 92037.

SUBADVISORY AGREEMENT
Subadvisory Agreement • December 12th, 2014 • Northern Lights Fund Trust • Washington

THIS AGREEMENT is made and entered into as of this 11th day of November, 2014, by and between GENESIS CAPITAL, LLC (the "Adviser"), a Washington limited liability company registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 7191 Wagner Way NW, Suite 302, Gig Harbor, WA 98335 and ANCHOR CAPITAL MANAGEMENT GROUP, INC. (the “Subadviser”), a Corporation organized under the laws of California and also registered under the Advisers Act, located at 15 Enterprise, Suite 450, Aliso Viejo, California 92656, with respect to Anchor Alternative Income Fund (the “Fund”), a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

Form of INVESTMENT ADVISORY AGREEMENT BETWEEN [SUBSIDIARY NAME] AND AXS INVESTMENTS LLC
Investment Advisory Agreement • July 22nd, 2019 • Investment Managers Series Trust II • Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of ____________, is entered into by and between [Subsidiary Fund Name], a Cayman Islands company, (the “Fund”), and AXS Investments LLC, a Delaware limited liability company (the “Advisor”).

INTERIM INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and OSTERWEIS CAPITAL MANAGEMENT, LLC
Interim Investment Advisory Agreement • October 24th, 2022 • Northern Lights Fund Trust • New York

AGREEMENT (the "Agreement"), made as of May 1, 2022 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Osterweis Capital Management, LLC a California Limited Liability Company (the "Adviser") located at One Maritime Plaza, Suite 800 San Francisco, CA 941111.

FUND SERVICES AGREEMENT between NORTHERN LIGHTS FUND TRUST and
Fund Services Agreement • April 26th, 2022 • Northern Lights Fund Trust • New York

THIS FUND SERVICES AGREEMENT (the “Agreement”) made as of August 17, 2021, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust having its principal office and place of business at 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246 (the “Trust”) and ULTIMUS FUND SOLUTIONS, LLC, an Ohio limited liability company having its principal office and place of business at 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246 (“UFS”). This Agreement replaces and supersedes the existing fund services agreement between the parties hereto.

SUBADVISORY AGREEMENT
Subadvisory Agreement • March 12th, 2012 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this 27th day of February, 2009 as revised November 18, 2011, by and between CMG CAPITAL MANAGEMENT GROUP, INC. (the "Adviser"), a corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at located at 150 N. Radnor-Chester Road, Suite A150, Radnor, Pennsylvania 19087, and SCOTIA PARTNERS, LLC (the “Subadviser”), a limited liability company registered under the Advisers Act, located at 436 Ridge Road, Spring City, PA 19475, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

FORM OF SUBADVISORY AGREEMENT
Form of Subadvisory Agreement • August 20th, 2013 • Northern Lights Fund Trust • New York

THIS AGREEMENT is made and entered into as of this XX day of August, 2013, by and between CLARK CAPITAL MANAGEMENT GROUP, INC. (the "Adviser"), a corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 1650 Market Street, 53rd Floor, Philadelphia, PA 19103 and Main Point Advisors, LLC (the “Subadviser”), a limited liability company registered under the Advisers Act, located at 1650 Market Street, 53rd Floor, Philadelphia, PA 19103, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Operating Expenses Limitation and Security Agreement • April 26th, 2022 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the "Agreement") is effective as of the 12th day of December, 2018, as revised December 11, 2019 and February 25, 2022 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), on behalf of Navigator Ultra Short Bond Fund (the "Fund") a series of the Trust, and the Advisor of the Fund, Clark Capital Management Group, Inc. (the "Advisor").

FORM OF INVESTMENT SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • August 25th, 2011 • Highland Funds Ii • Delaware

AGREEMENT made as of [_______], 2011, by and between Highland Funds Asset Management L.P., a Delaware limited partnership (the “Adviser”) and Incline Capital, LLC, a Nevada Limited Liability Company (the “Sub-Adviser”).

Form Domestic Custody Agreement (NY Law) July 2010
Domestic Custody Agreement • August 29th, 2011 • Northern Lights Fund Trust • New York