0000910472-11-001205 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST and WINCH FINANCIAL, LLC
Investment Advisory Agreement • July 19th, 2011 • Northern Lights Fund Trust • New York

AGREEMENT, made as of February 23, 2011, between Northern Lights Fund Trust, a Delaware statutory trust (the "Trust"), and Winch Financial, LLC, a Wisconsin limited liability company (the "Adviser") located at 424 East Wisconsin Avenue, Appleton, WI 54911.

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NORTHERN LIGHTS FUND TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT WINCH FINANCIAL, LLC
And Security Agreement • July 19th, 2011 • Northern Lights Fund Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 23rd day of February, 2011, by and between NORTHERN LIGHTS FUND TRUST, a Delaware statutory trust (the “Trust”), on behalf of Ginkgo Multi-Strategy Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Winch Financial, LLC (the “Advisor”).

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