0000910472-09-000169 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and CMG CAPITAL MANAGEMENT GROUP, INC.
Investment Advisory Agreement • March 9th, 2009 • Northern Lights Fund Trust • New York

AGREEMENT, made as of February 27, 2009 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and CMG Capital Management Group, Inc., a corporation organized and existing under the laws of the State of Pennsylvania (the "Adviser") located at 150 N. Radnor-Chester Road, Suite A150, Radnor, Pennsylvania 19087.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT INCLINE CAPITAL LONG/SHORT FUND
And Security Agreement • March 9th, 2009 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 27th day of February, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of INCLINE CAPITAL LONG/SHORT FUND (the “Fund”) a series of the Trust, and the advisor of the Fund, Incline Capital, LLC (the “Advisor”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT CMG ALTERNATIVE TRADING STRATEGIES FUND
Trust Operating Expenses Limitation Agreement • March 9th, 2009 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 27th day of February, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of CMG Alternative Trading Strategies Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, CMG Capital Management Group, Inc. (the “Advisor”).

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