0000910472-10-000041 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and EQUINOX FUND MANAGEMENT, LLC
Investment Advisory Agreement • January 22nd, 2010 • Northern Lights Fund Trust • New York

AGREEMENT, made as of June 26, 2008 , as revised December 30, 2009, between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the "Trust"), and EQUINOX FUND MANAGEMENT, LLC., a Delaware Limited Liability Company (the "Adviser") located at 1660 Lincoln Street, Suite 100, Denver, CO 80264 ..

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT INVESTMENT PARTNERS OPPORTUNITIES FUND
And Security Agreement • January 22nd, 2010 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 24th day of September, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Investment Partners Opportunities Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Investment Partners Asset Management, Inc. (the “Advisor”).

UNDERWRITING AGREEMENT Between NORTHERN LIGHTS FUND TRUST and NORTHERN LIGHTS DISTRIBUTORS, LLC
Underwriting Agreement • January 22nd, 2010 • Northern Lights Fund Trust • Nebraska

THIS UNDERWRITING AGREEMENT made the 2nd day of August 2005, as amended and reinstated this 25th day of September 2008 by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust, having its principal office and place of business at 450 Wireless Blvd., Hauppauge, NY 11788 (the “Trust”), and NORTHERN LIGHTS DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 4020 South 147th Street, Omaha, Nebraska 68137 (“NLD”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT THE CURRENCY FUND
And Security Agreement • January 22nd, 2010 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 27th day of February, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of THE CURRENCY FUND (the “Fund”) a series of the Trust, and the advisor of the Fund, Sarasota Capital Strategies, Inc. (the “Advisor”).

NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Trust Operating Expenses Limitation Agreement • January 22nd, 2010 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 26th day of June, 2008, as revised December 30, 2009, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of MUTUALHEDGE EQUITY LONG-SHORT LEGENDS FUND, MUTUALHEDGE EVENT DRIVEN LEGENDS FUND and MUTUALHEDGE FRONTIER LEGENDS FUND (the “Funds”) a series of the Trust, and the advisor of the Fund, Equinox Fund Management, LLC. (the “Advisor”).

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