0000910472-10-001331 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • December 22nd, 2010 • Northern Lights Fund Trust • Delaware

THIS AGREEMENT is made and entered into as of the 13th day of December, 2010, by and between Bandon Capital Management, LLC (the “Adviser”), an Oregon limited liability company registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and Logan Circle Partners, L.P., a limited partnership organized under the laws of Pennsylvania (the “Subadviser”) and also registered under the Advisers Act, with respect to Bandon Isolated Alpha Fixed Income Fund the “Fund”), a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

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DISTRIBUTION PLAN PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series BANDON ISOLATED ALPHA FIXED INCOME FUND
Distribution Plan • December 22nd, 2010 • Northern Lights Fund Trust

DISTRIBUTION PLAN made as of November 3, 2010 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, BANDON ISOLATED ALPHA FIXED INCOME FUND, (the “Fund”) and the distributor for the Fund, Northern Lights Distributors, LLC (the “DISTRIBUTOR”).

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