0000910472-07-000317 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ROANOKE ASSET MANAGEMENT CORP.
Investment Advisory Agreement • July 31st, 2007 • Northern Lights Fund Trust • New York

AGREEMENT, made as of March 30, 2007 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Roanoke Asset Management Corp., a corporation organized under the laws of Florida (the "Advisor"), having its principal office and place of business located at 529 Fifth Avenue, New York, NY 10017.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT ALPHASTREAM SPECIAL EQUITY FUND
And Security Agreement • July 31st, 2007 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 28th day of June, 2007, by and between NORTHERN LIGHTS FUND TRUST, a Delaware business trust (the “Trust”), on behalf of AlphaStream Special Equity Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, AlphaStream Portfolios, Inc. (the “Advisor”).

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and ARROW INVESTMENT ADVISORS, LLC
Investment Advisory Agreement • July 31st, 2007 • Northern Lights Fund Trust • Nebraska

AGREEMENT, made as of June 28, 2007, between Northern Lights Fund Trust, a Delaware business trust (the "Trust"), and Arrow Investment Advisors, LLC (the "Advisor") located at 2943 Olney-Sandy Spring Road, Suite A, Olney, MD 20832.

DISTRIBUTION PLAN AND AGREEMENT PURSUANT TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 NORTHERN LIGHTS FUND TRUST On behalf of its series ALPHASTREAM SPECIAL EQUITY FUND
Distribution Plan and Agreement • July 31st, 2007 • Northern Lights Fund Trust

PLAN AND AGREEMENT made as of June 28, 2007 by and between Northern Lights Fund Trust (the "Trust") on behalf of its separate series, AlphaStream Special Equity Fund (the “Fund”) and the distributor for the Fund, Aquarius Fund Distributors, LLC (the “DISTRIBUTOR”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT ROANOKE SMALL-CAP GROWTH FUND
Operating Expenses Limitation Agreement • July 31st, 2007 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 30th day of March, 2007, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Roanoke Small-Cap Growth Fund, (the “Fund”) a series of the Trust and the Advisor of the Fund, Roanoke Asset Management Corp. (the “Advisor”).

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