0000910472-10-000852 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and PORTFOLIO STRATEGIES, INC.
Investment Advisory Agreement • August 27th, 2010 • Northern Lights Fund Trust • New York

AGREEMENT, made as of May 20, 2010 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Portfolio Strategies Inc., a corporation organized and existing under the laws of the State of Washington (the "Adviser") located at 1724 W Union Avenue, Suite 200, Tacoma, WA 98405.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT PORTFOLIO STRATEGIES, INC.
And Security Agreement • August 27th, 2010 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 20th day of May, 2010, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of PSI MARKET NEUTRAL FUND, PSI TOTAL RETURN FUND, PSI STRATEGIC GROWTH FUND, and PSI TACTICAL GROWTH FUND (the “Funds”) a series of the Trust, and the advisor of the Funds, Portfolio Strategies, Inc. (the “Advisor”).

DISTRIBUTION PLAN PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series POWER INCOME FUND
Distribution Plan • August 27th, 2010 • Northern Lights Fund Trust

DISTRIBUTION PLAN made as of May 20, 2010 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, POWER INCOME FUND (the “Fund”) and the distributor for the Fund, Northern Lights Distributors, LLC (the “DISTRIBUTOR”).

SUBADVISORY AGREEMENT
Subadvisory Agreement • August 27th, 2010 • Northern Lights Fund Trust • Delaware

THIS AGREEMENT is made and entered into as of this 12th day of August, 2010, by and between ALTEGRIS ADVISORS, LLC (the "Adviser"), a limited liability company registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 1200 Prospect Street, Suite 550, La Jolla, California 92037, and RODNEY SQUARE MANAGEMENT CORPORATION (the “Subadviser”), a corporation registered under the Advisers Act, located at 1100 North Market Street, Wilmington, DE 19890, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

INTERIM INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and SOUTHERNSUN ASSET MANAGEMENT, LLC
Interim Investment Advisory Agreement • August 27th, 2010 • Northern Lights Fund Trust • New York

AGREEMENT (the “Agreement”), made as of August 23, 2010 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and SouthernSun Asset Management, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the "Adviser") located at 6000 Poplar Avenue, Suite 220, Memphis, TN 38119 ..

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT ALTEGRIS MANAGED FUTURES STRATEGY FUND
Trust Operating Expenses Limitation Agreement • August 27th, 2010 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 17th day of June, 2010, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Altegris Managed Futures Strategy Fund (the “Fund”) a series of the Trust, and the adviser of the Fund, Altegris Advisors, LLC (the “Adviser”).

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