0000910472-13-003271 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and CLARK CAPITAL MANAGEMENT GROUP, INC.
Investment Advisory Agreement • August 20th, 2013 • Northern Lights Fund Trust • New York

AGREEMENT, made as of June 17, 2013, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Clark Capital Management Group, Inc., a Philadelphia Corporation (the "Adviser") located at 1650 Market Street, 53rd Floor, Philadelphia, PA 19103.

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NORTHERN LIGHTS FUND TRUST FORM OF OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT CLARK CAPITAL MANAGEMENT GROUP, INC.
And Security Agreement • August 20th, 2013 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 18th day of June, 2013, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Navigator Duration Neutral Municipal Bond Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Clark Capital Management Group, Inc. (the “Advisor”).

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”).

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