0001580642-19-003357 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ZEO CAPITAL ADVISORS, LLC
Investment Advisory Agreement • July 26th, 2019 • Northern Lights Fund Trust • New York

AGREEMENT, made as of March 27, 2019, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Zeo Capital Advisors, LLC., a California, limited liability company (the "Adviser") located at 1 Montgomery Street, Suite 3450, San Francisco, CA 94104.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT ZEO CAPITAL ADVISORS, LLC
Operating Expenses Limitation Agreement • July 26th, 2019 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the "Agreement") is effective as of the 23rd day of March, 2011, as revised August 12, 2014 and March 27, 2019 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), on behalf of Zeo Short Duration Income Fund (the "Fund") a series of the Trust, and the Advisor of the Fund, Zeo Capital Advisors, LLC (the "Advisor").

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ZEO CAPITAL ADVISORS, LLC
Investment Advisory Agreement • July 26th, 2019 • Northern Lights Fund Trust

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT is made and entered into as of May 1, 2018, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Zeo Capital Advisors, LLC, a California limited liability company (the "Adviser") located at 1 Montgomery Street, Suite 3450, San Franciso, CA 94104.

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