0000910472-11-000008 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and BEECH HILL ADVISORS, INC.
Investment Advisory Agreement • January 5th, 2011 • Northern Lights Fund Trust • New York

AGREEMENT, made as of November 3, 2010, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Beech Hill Advisors, Inc., a New York Corporation (the "Adviser") located at 880 Third Avenue, 16th Floor, New York, NY 10022.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT BANDON CAPITAL MANAGEMENT, LLC
And Security Agreement • January 5th, 2011 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 3RD day of November, 2010, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Bandon Isolated Alpha Fixed Income Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Bandon Capital Management, LLC (the “Advisor”).

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