0000910472-06-000101 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST on behalf of The Gaming and Casino Fund and Ahrens Advisors, L.P. INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • March 14th, 2006 • Northern Lights Fund Trust • New York

• Contract Type
  Investment Advisory Agreement
• Filed
  March 14th, 2006
• Company
  Northern Lights Fund Trust
• Jurisdiction
  New York

AGREEMENT, made as of March 6, 2006 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Ahrens Advisors, L.P. (the "Adviser") located at 1920 Abrams Parkway #373, Dallas, Texas 75214.

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT THE GAMING AND CASINO FUND

Operating Expenses Limitation Agreement • March 14th, 2006 • Northern Lights Fund Trust • New York

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  March 14th, 2006
• Company
  Northern Lights Fund Trust
• Jurisdiction
  New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 6TH day of March, 2006, by and between NORTHERN LIGHTS FUND TRUST, a Delaware business trust (the “Trust”), on behalf of The Gaming and Casino Fund, (the “Fund”) a series of the Trust and the Advisor of such Fund, Ahrens Advisors, L.P., (the “Advisor”).

ADMINISTRATION SERVICE AGREEMENT

Administration Service Agreement • March 14th, 2006 • Northern Lights Fund Trust

• Contract Type
  Administration Service Agreement
• Filed
  March 14th, 2006
• Company
  Northern Lights Fund Trust

$40,000 minimum or 10 basis points or 0.10%on the first $100 million of net assets 8 basis points or 0.08% on the next $150 million of net assets 6 basis points or 0.06% on net assets greater than $250 million

TRANSFER AGENCY SERVICE AGREEMENT Schedule A FUNDS TO BE SERVICED Jacobs & Company Mutual Fund Abacus Value Fund The Rational Investor Fund The Biondo Fund Critical Math Fund The Gaming and Casino Fund

Transfer Agency Service Agreement • March 14th, 2006 • Northern Lights Fund Trust

• Contract Type
  Transfer Agency Service Agreement
• Filed
  March 14th, 2006
• Company
  Northern Lights Fund Trust

This schedule was amended on December 19, 2005 to add The Biondo and Critical Math Funds. This schedule was amended on March 6, 2006 to add The Gaming and Casino Fund.

FUND ACCOUNTING SERVICE AGREEMENT Schedule A FUNDS TO BE SERVICED Jacobs & Company Mutual Fund Abacus Value Fund The Rational Investor Fund The Biondo Fund Critical Math Fund The Gaming and Casino Fund

Accounting Service Agreement • March 14th, 2006 • Northern Lights Fund Trust

• Contract Type
  Accounting Service Agreement
• Filed
  March 14th, 2006
• Company
  Northern Lights Fund Trust

Fees will be calculated based upon the average net assets of the Fund for the previous month. Partial months are not prorated.