0000910472-09-000748 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and LACERTE CAPITAL ADVISERS, LLC
Investment Advisory Agreement • September 25th, 2009 • Northern Lights Fund Trust • New York

AGREEMENT, made as of August 5, 2009 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Lacerte Capital Advisers, LLC, a limited liability company organized and existing under the laws of the State of Texas (the Adviser") located at 2811 McKinney Avenue, Suite 206, Dallas, TX 75204.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT THE LACERTE GUARDIAN FUND
And Security Agreement • September 25th, 2009 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 5th day of August, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of THE LACERTE GUARDIAN FUND (the “Fund”) a series of the Trust, and the advisor of the Fund, LACERTE CAPITAL ADVISERS, LLC (the “Advisor”).

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and RADY ASSET MANAGEMENT, LLC
Investment Advisory Agreement • September 25th, 2009 • Northern Lights Fund Trust • New York

AGREEMENT, made as of August 5 , 2009 between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Rady Asset Management, LLC, a limited liability company organized and existing under the laws of the State of California (the “Adviser") located at 6001 La Jolla scenic Drive South, La Jolla, CA 92037.

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