0000910472-06-000149 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 • April 24th, 2006 • Northern Lights Fund Trust • New York

AGREEMENT, made as of March 30, 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.

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NORTHERN LIGHTS FUND TRUST INVESTMENT ADVISORY AGREEMENT Jacobs & Company Mutual Fund
Investment Advisory Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 19th day of May, 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (hereinafter called the “Trust”), on behalf of the following series of the Trust, Jacobs & Company Mutual Fund (the “Fund”) and Jacobs & Company, a West Virginia corporation, (hereinafter called the “Advisor”).

CUSTODY AGREEMENT
Custody Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

AGREEMENT, dated as of May 19, 2005, between the NORTHERN LIGHTS FUND TRUST , a statutory trust organized and existing under the laws of the State of Delaware having its principal office and place of business at 150 Motor Parkway, Suite 205, Hauppauge, New York 11788, on behalf of the Jacobs & Company Mutual Fund (the “Fund”) and The Bank of New York, a New York corporation authorized to do a banking business having its principal office and place of business at One Wall Street, New York, New York 10286 (“Custodian”).

DISTRIBUTION PLAN AND AGREEMENT PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series THE BIONDO FUND SHAREHOLDER CLASS
Distribution Plan and Agreement • April 24th, 2006 • Northern Lights Fund Trust

PLAN AND AGREEMENT made as of December 19, 2005 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, Shareholder Class of The Biondo Fund, and the distributor for The Biondo Fund, Aquarius Fund Distributors, LLC (the “DISTRIBUTOR”).

ADMINISTRATION SERVICE AGREEMENT between
Service Agreement • April 24th, 2006 • Northern Lights Fund Trust • Nebraska
TRANSFER AGENCY SERVICE AGREEMENT
Transfer Agency Service Agreement • April 24th, 2006 • Northern Lights Fund Trust • Nebraska

AGREEMENT made this 19th day of May 2005, by and between the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 150 Motor Parkway, Hauppauge, NY 11788 (the “Trust”), and Gemini Fund Services, LLC, a Nebraska limited liability company having its principal office at 150 Motor Parkway, Hauppauge, NY 11788 (“GFS”).

FUND ACCOUNTING SERVICE AGREEMENT between NORTHERN LIGHTS FUND TRUST and INDEX
Service Agreement • April 24th, 2006 • Northern Lights Fund Trust • Nebraska

AGREEMENT made as of the 19th day of May 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 150 Motor Parkway, Suite 205, Hauppauge, New York 11788 (the "Trust") and Gemini Fund Services, LLC, a Nebraska limited liability company having its principal office and place of business at the Hauppauge Corporate Center, 150 Motor Parkway, Suite 205, Hauppauge, New York 11788 (“GFS”).

UNDERWRITING AGREEMENT Between NORTHERN LIGHTS FUND TRUST and AQUARIUS FUND DISTRIBUTORS, LLC
Underwriting Agreement • April 24th, 2006 • Northern Lights Fund Trust • Nebraska

AGREEMENT made this 2nd day of August 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 150 Motor Parkway, Suite 205, Hauppauge, NY 11788 (the “Trust”), and AQUARIUS FUND DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 4020 South 147th Street, Omaha, Nebraska 68137 (“AFD”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT THE GAMING AND CASINO FUND
Operating Expenses Limitation Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 30TH 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”).

UNDERWRITING AGREEMENT Schedule A Jacobs & Company Mutual Fund Abacus Value Fund The Rational Investor® Fund
Underwriting Agreement • April 24th, 2006 • Northern Lights Fund Trust

For services performed hereunder, the Trust shall pay an annual fee of $5,000 per Fund, per share class PLUS 0.01% per annum of each Fund's average daily net assets, payable monthly in arrears.

ADMINISTRATION SERVICE AGREEMENT
Administration Service Agreement • April 24th, 2006 • 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

UNDERWRITING AGREEMENT Schedule A Jacobs & Company Mutual Fund Abacus Value Fund The Rational Investor® Fund
Underwriting Agreement • April 24th, 2006 • Northern Lights Fund Trust

For services performed hereunder, the Trust shall pay an annual fee of $5,000 per Fund, per share class PLUS 0.01% per annum of each Fund's average daily net assets, payable monthly in arrears.

TRANSFER AGENCY SERVICE AGREEMENT Schedule B-3 THE ABACUS VALUE FUND FEES AND EXPENSES
Transfer Agency Service Agreement • April 24th, 2006 • Northern Lights Fund Trust

For the services rendered by GFS, in its capacity as transfer agent to the Fund, the Fund shall pay to GFS, the following transfer agent fees, out-of-pocket expenses, activity charges, and special reports charges, which shall be billed to the Fund monthly:

FUND ACCOUNTING SERVICE AGREEMENT Schedule B-2 The Rational Investor Fund FEES AND EXPENSES
Fund Accounting Service Agreement • April 24th, 2006 • 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.

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT THE BIONDO FUND
Fund Trust Operating Expenses Limitation Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 19th day of December , 2005, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of T he Biondo Fund, (the “ Fund”) a series of the Trust and the Advisor of such Fund, Biondo Investment Advisors, LLC (the “Advisor”).

ADMINISTRATION SERVICE AGREEMENT Schedule B-3 Abacus Value Fund FEES AND EXPENSES
Administration Service Agreement • April 24th, 2006 • 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

ADMINISTRATION SERVICE AGREEMENT Schedule B-2 The Rational Investor Fund FEES AND EXPENSES
Administration Service Agreement • April 24th, 2006 • Northern Lights Fund Trust

[0.40% or 40 basis points on the average net assets of the Fund]*, which fee represents the combined annual fee payable by the Trust with respect to the Fund with respect to GFS’ services provided under the following agreements between the Trust and GFS (as the same may be hereafter amended, supplemented or restated):

FUND ACCOUNTING SERVICE AGREEMENT Schedule B-3 Abacus Value Fund FEES AND EXPENSES
Fund Accounting Service Agreement • April 24th, 2006 • 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.

TRANSFER AGENCY SERVICE AGREEMENT Schedule B-2 THE RATIONAL INVESTOR FUND FEES AND EXPENSES
Transfer Agency Service Agreement • April 24th, 2006 • Northern Lights Fund Trust

For the services rendered by GFS in its capacity as transfer agent to the Fund, the Fund shall pay to GFS, the following transfer agent fees, out-of-pocket expenses, activity charges, and special reports charges, which shall be billed to the Fund monthly:

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 24th, 2006 • Northern Lights Fund Trust • New York

INVESTMENT ADVISORY AGREEMENT (“Agreement”), made as of July ___, 2005 between Northern Lights Fund Trust, a Delaware statutory trust (the “Trust”), and The Rational Investor Advisors, LLC, a Minnesota limited liability company (the “Adviser”).

CUSTODY AGREEMENT
Custody Agreement • April 24th, 2006 • Northern Lights Fund Trust

This Agreement is made between FIRST NATIONAL BANK OF OMAHA (“Bank”), a national banking association, and NORTHERN LIGHTS FUND TRUST (“Customer”), a business trust organized and existing under the laws of the State of Delaware (the “Trust”) .

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 This schedule was amended on December 19, 2005 to add The Biondo and...
Transfer Agency Service Agreement • April 24th, 2006 • Northern Lights Fund Trust

For the services rendered by GFS, in its capacity as transfer agent to the Fund, the Fund shall pay to GFS, the following transfer agent fees, out-of-pocket expenses, activity charges, and special reports charges, which shall be billed to the Fund monthly:

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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
Accounting Service Agreement • April 24th, 2006 • 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.

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