0000910472-11-000857 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and MOSAIC CAPITAL MANAGEMENT, LLC
Investment Advisory Agreement • June 3rd, 2011 • Northern Lights Fund Trust • New York

AGREEMENT, made as of March 23, 2011, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Mosaic Capital Management, LLC., a Pennsylvania, limited liability company (the "Adviser") located at 7535 Windsor Drive, Suite A205, Allentown, PA 18195.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT MOSAIC CAPITAL MANAGEMENT, LLC
And Security Agreement • June 3rd, 2011 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 23rd day of March, 2011, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Mosaic Managed Futures Strategy Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Mosaic Capital Management, LLC (the “Advisor”).

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