0000910472-10-000463 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ARROW INVESTMENT ADVISORS, LLC
Investment Advisory Agreement • April 29th, 2010 • Northern Lights Fund Trust • Nebraska

AGREEMENT, made as of June 22, 2006, as revised March 17, 2008, September 25, 2008, and February 25, 2010, between Northern Lights Fund Trust, a Delaware business trust (the "Trust"), and Arrow Investment Advisors, LLC, (the "Advisor") located at 2943 Olney-Sandy Spring Road, Suite A, Olney, MD 20832.

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