0000910472-11-002193 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and PRESERVATION TRUST ADVISORS, LLC
Investment Advisory Agreement • November 1st, 2011 • Northern Lights Fund Trust • New York

AGREEMENT, made as of June 24, 2011, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust "), and Preservation Trust Advisors, LLC., a limited liability company organized and existing under the laws of Delaware (the "Adviser ") located at One Embarcadero Center, Suite 1140, San Francisco, CA 94111.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT PRESERVATION TRUST ADVISORS, LLC
Operating Expenses Limitation and Security Agreement • November 1st, 2011 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the "Agreement") is effective as of August 15, 2011, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), on behalf of THE PTA COMPREHENSIVE ALTERNATIVES FUND (the "Fund"), a series of the Trust, and the advisor of the Fund, Preservation Trust Advisors, LLC (the "Advisor").

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