0001580642-15-004773 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • October 23rd, 2015 • Northern Lights Fund Trust • Delaware

THIS SUBADVISORY AGREEMENT is made and entered into as of October 15, 2015, 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 Deer Park Road Management Company, LP (the “Subadviser”), a Delaware limited partnership located at PO Box 776429, 1865 Ski Time Square, Suite 102, Steamboat Springs, CO 80447 and also registered under the Advisers Act, with respect to the Deer Park Total Return Credit Fund (the “Fund”), a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT PORTFOLIO STRATEGIES, INC.
And Security Agreement • October 23rd, 2015 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 20th day of May, 2010, as revised on September 30, 2011, and as revised September 30, 2014 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of PSI MARKET NEUTRAL FUND, PSI TOTAL RETURN FUND, PSI STRATEGIC GROWTH FUND, PSI TACTICAL GROWTH FUND AND PSI CALENDAR EFFECTS FUND (the “Funds”) a series of the Trust, and the advisor of the Funds, Portfolio Strategies, Inc. (the “Advisor”).

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