Northern Lights Advisors Inc

ITEM 5 FEES AND COMPENSATION

Portfolio Management Services
Our fee for portfolio management services is based on a percentage of your assets we manage and is set forth in the
following fee schedules:

Individual Portfolio Management Services Fees

                                    Assets Under Management                Annual Fee
                                    First $1,000,000                       1.00%
                                    Next $1,000,000                        0.90%

                                          Next $1,000,000                               0.80%
                                          Next $2,000,000                               0.70%
                                          Next $5,000,000                               0.50%
                                          Next $20,000,000                              0.30%

For example, if we manage $7,000,000 for you, our annual fee would be $51,000 (first $1mm x 1% + second $1mm x 0.9% +
third $1mm x 0.8% + $2mm x 0.7 + $2mm x 0.5%).
(*We charge a single minimum annual fee of $10,000 for an advisory relationship. It applies to the relationship as a whole rather than per account or per
service, and we do not waive it. Under this asset-based fee schedule, the minimum is met by a household of $1,000,000, because 1.00% of $1,000,000 is
exactly $10,000. We combine the account values of family members living in the same household — including your minor children, joint accounts with your
spouse, and other related accounts — both to determine the applicable rate under the schedule above and to determine whether the minimum has been
met, and we measure the household across all account types we manage for it, including separately managed accounts held at Charles Schwab & Co., Inc.
and accounts managed through our web-based program. We may accept a household below $1,000,000; in that case the $10,000 minimum annual fee
applies and your fee will represent more than 1.00% of your assets under our management. See Item 7 for the two alternative bases on which the minimum
may instead be met.)

Institution Portfolio Management Services Fees

                                          Assets Under Management                       Annual Fee
                                          $0 - $20,000,000                              1.50%
                                          Over $20,000,000                              Negotiable

(*Minimum annual fee in the amount of $200,000 to open and maintain an advisory account for an institution. Minimum annual fee is negotiable,
depending on client circumstances.)

Northern Lights Advisors Inc. shall deliver the materials required by this section to an advisory client or prospective
advisory client not less than forty-eight hours prior to entering into any investment advisory contract with such client or
prospective client, if the materials have not been delivered the client or prospect has the option to terminate without
penalty.

Our annual portfolio management fee is billed and payable quarterly in advance based on the value of your account on the
last day of the previous quarter. We do not offer monthly billing. For significant deposits and or withdrawals into or out of
the portfolio, Northern Lights will employ a true-up process. If the net contributions and or withdrawals during the quarter
exceed $10,000, your quarterly fee will be adjusted by the average balance of the deposits and or withdrawals during the
quarter, consistent with our fee schedule.

If the portfolio management agreement is executed at any time other than the first day of a calendar quarter, our fees will
apply on a pro rata basis, which means that the advisory fee is payable in proportion to the number of days in the quarter
for which you are a client. Our advisory fee is negotiable, depending on individual client circumstances.

At our discretion, we may combine the account values of family members living in the same household to determine the
applicable advisory fee. For example, we may combine account values for you and your minor children, joint accounts with
your spouse, and other types of related accounts. Combining account values may increase the asset total, which may
result in your paying a reduced advisory fee based on the available breakpoints in our fee schedule stated above.

We will deduct our fee directly from your account through the qualified custodian holding your funds and securities. We
will deduct our advisory fee only when the following requirements are met:

     • You provide our firm with written authorization permitting the fees to be paid directly from your account held
        by the qualified custodian.
     • Concurrently with sending the fee statement to the custodian, we will send you an invoice
       fee showing the amount of the fee, the formula used to calculate the fee, the value of the assets under
       management on which the fee is based, and the time period covered by the fee.
     • The qualified custodian agrees to send you a statement, at least quarterly, indicating all amounts dispersed
       from your account including the amount of the advisory fee paid directly to our firm.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you find any
inconsistent information between our invoice and the statement(s) you receive from the qualified custodian, please call
our main office number located on the cover page of this brochure.

You may terminate the portfolio management agreement upon 30-days' written notice to our firm. You will incur a pro
rata charge for services rendered prior to the termination of the portfolio management agreement, which means you will
incur advisory fees only in proportion to the number of days in the quarter for which you are a client. If you have pre-paid
advisory fees that we have not yet earned, you will receive a prorated refund of those fees.
...

ITEM 7 TYPES OF CLIENTS

We offer investment advisory services to individuals and institutions, which include pension and profit sharing plans,
trusts, estates, charitable organizations, other investment advisers, fund managers, corporations, and other business
entities.

In general, we charge a single minimum annual fee of $10,000 for an advisory relationship. That minimum applies to the
relationship as a whole rather than per account or per service, it applies whether you engage us for portfolio

management, financial planning, or both, and we do not waive it. The minimum is met under one of three bases, and only
one applies to you at a time: (1) an asset-based fee under the schedule in Item 5, which a household of $1,000,000 or
more satisfies, because 1.00% of $1,000,000 is exactly $10,000; (2) a flat annual fee of not less than $10,000, covering
portfolio management and financial planning together; or (3) a financial planning fee of not less than $10,000, where we
do not manage your accounts. For the asset-based basis we combine account values for you and your minor children, joint
accounts with your spouse, and other types of related accounts both to determine the applicable rate and to determine
whether the minimum has been met, measured across all account types we manage for your household, including
separately managed accounts held at Charles Schwab & Co., Inc. and accounts managed through our web-based program.
We may accept a household below $1,000,000 on the asset-based basis; in that case the $10,000 minimum annual fee
applies and your fee will represent more than 1.00% of your assets under our management. The fee above the minimum is
negotiable and is determined by the size and complexity of your financial life — the scope of the work, your
circumstances, and your objectives. This minimum applies to individual, family and household clients. Our pension
consulting services are charged on the separate schedule described in Item 5 and are not subject to it, and institutional
clients are subject to the separate institutional minimum described below and are engaged under a separate agreement.

We charge a minimum annual fee in the amount of $200,000 to open and maintain an advisory account for an institution.
Minimum annual fee is negotiable, depending on client circumstances.

Financial planning retainer services are offered at a minimum of $10,000 per year, which we do not waive, and which is the
same $10,000 minimum annual fee described above rather than a second minimum in addition to it.