0001580642-15-004030 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and LADENBURG THALMANN ASSET MANAGEMENT, INC
Investment Advisory Agreement • September 1st, 2015 • Northern Lights Fund Trust • New York

AGREEMENT (the "Agreement"), made as of March 25, 2015 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Ladenburg Thalmann Asset Management, LLC a New York Limited Liability Company (the "Adviser") located at 570 Lexington Avenue, 11th Floor, New York, NY 10022.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Trust Operating Expenses Limitation Agreement • September 1st, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 26th day of June, 2008, as revised December 30, 2009, January 28, 2011, February 23, 2011, February 1, 2012 and December 9, 2014, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of and EQUINOX MUTUALHEDGE FUTURES STRATEGY FUND(the “Fund”) a series of the Trust, and the advisor of the Fund, Equinox Fund Management, LLC. (the “Advisor”).

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