0000910472-10-000735 Sample Contracts

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

AGREEMENT, made as of June 17, 2010, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and RAM Capital Management, LLC, a New York Limited Liability Company (the "Adviser") located at 12 Larkspur Lane, Rye, New York 10580.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT RAM CAPITAL MANAGEMENT, LLC
And Security Agreement • July 22nd, 2010 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 17th day of June, 2010, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of RAM Risk Managed Growth Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, RAM Capital Management, LLC (the “Advisor”).

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