0000910472-11-001250 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ABSOLUTE PRIVATE WEALTH MANAGEMENT, LLC
Investment Advisory Agreement • July 22nd, 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 Absolute Private Wealth Management, LLC., a Texas, limited liability company (the "Adviser") located at 1001 West Loop South, Suite 811, Houston, TX 77027.

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FORM OF SUBADVISORY AGREEMENT
Subadvisory Agreement • July 22nd, 2011 • Northern Lights Fund Trust • Delaware

THIS AGREEMENT is made and entered into as of the 23rd day of March, 2011, by and between ABSOLUTE PRIVATE WEALTH MANAGEMENT, LLC (the “Adviser”), a Texas limited liability company registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and HORIZON CASH MANAGEMENT, LLC, a limited liability company organized under the laws of Illinois, located at 325 W. Huron Street, Suite 808, Chicago, Illinois 60654 (the “Subadviser”) and also registered under the Advisers Act, with respect to the Quantitative Managed Futures Strategy Fund (the “Fund”), a series of the NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”).

NORTHERN LIGHTS FUND TRUST FORM OF OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT ABSOLUTE PRIVATE WEALTH MANAGEMENT, LLC
Operating Expenses Limitation and Security Agreement • July 22nd, 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 Quantitative Managed Futures Strategy Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Absolute Private Wealth Management, LLC (the “Advisor”).

FORM OF DISTRIBUTION PLAN PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series QUANTITATIVE MANAGED FUTURES STRATEGY FUND
Distribution Plan • July 22nd, 2011 • Northern Lights Fund Trust

DISTRIBUTION PLAN made as of March 23, 2011, by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, QUANTITATIVE MANAGED FUTURES STRATEGY FUND, (the “Fund”) and the distributor for the Fund, Northern Lights Distributors, LLC (the “DISTRIBUTOR”).

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