0001580642-18-003832 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and TOEWS CORPORATION
Investment Advisory Agreement • August 10th, 2018 • Northern Lights Fund Trust • New York

AGREEMENT, made as of June 27, 2017 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Toews Corporation, a corporation organized and existing under the laws of the State of New Jersey (the "Adviser") located at 1750 Zion Road, Suite 201, Northfield, NJ 08225.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • August 10th, 2018 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 27th day of June, 2017 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Toews Agility Dynamic Tactical Income ETF, Toews Agility Put Write Enhanced Return ETF, Toews Agility Specified Risk ETF, Toews Agility Tactical Core Fixed Income ETF (the “Funds”), a series of the Trust, and the Advisor of the Fund, Toews Corporation (the “Advisor”).

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