0000910472-09-000360 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and TOEWS CORPORATION

Investment Advisory Agreement • May 14th, 2009 • Northern Lights Fund Trust • New York

• Contract Type
  Investment Advisory Agreement
• Filed
  May 14th, 2009
• Company
  Northern Lights Fund Trust
• Jurisdiction
  New York

AGREEMENT, made as of May 1, 2009 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Toews Corporation, a corporation organized and existing under the laws of the State of New Jersey (the "Adviser") located at Cornerstone Commerce Center, 1201 New Road, Suite 111, Linwood, NJ 08221.

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT TOEWS HEDGED EMERGING MARKETS FUND

Operating Expenses Limitation and Security Agreement • May 14th, 2009 • Northern Lights Fund Trust • New York

• Contract Type
  Operating Expenses Limitation and Security Agreement
• Filed
  May 14th, 2009
• Company
  Northern Lights Fund Trust
• Jurisdiction
  New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 1st day of May 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Toews Hedged Emerging Markets Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Toews Corporation (the “Advisor”).