0000910472-07-000206 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and THE PACIFIC FINANCIAL GROUP, INC.
Investment Advisory Agreement • May 10th, 2007 • Northern Lights Fund Trust • Nebraska

AGREEMENT, made as of MARCH 30, 2007, between Northern Lights Fund Trust, a Delaware business trust (the "Trust"), and Pacific Financial Group, Inc. (the "Advisor") located at 10900 NE 8th Street, Suite 1523, Bellevue, WA 98004.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • May 10th, 2007 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 30th day of March, 2007, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Pacific Financial Core Equity Fund, Pacific Financial Explorer Fund, Pacific Financial International Fund, Pacific Financial Strategic Conservative Fund, Pacific Financial Tactical Fund, (each a “Fund” and collectively the “Funds”) each a series of the Trust and the Advisor of such Funds, The Pacific Financial Group, Inc. (the “Advisor”).

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
Distribution Agreement • May 10th, 2007 • Northern Lights Fund Trust

PLAN AND AGREEMENT made as of March 30, 2007 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, Pacific Financial Core Equity Fund, Pacific Financial Explorer Fund, Pacific Financial International Fund, Pacific Financial Strategic Conservative Fund and Pacific Financial Tactical Fund (each a “Fund” and collectively, the “Funds”) and the distributor for the Funds, Aquarius Fund Distributors, LLC (the “DISTRIBUTOR”).

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