0000910472-08-000260 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and JNF ADVISORS, INC.
Investment Advisory Agreement • May 2nd, 2008 • Northern Lights Variable Trust • New York

AGREEMENT, made as of February 19, 2007 between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and JNF Advisors, Inc., a Delaware corporation (the "Adviser") located at 9920 Corporate Campus Drive, Suite 1000, Louisville, Kentucky 40223.

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AMENDED FUND PARTICIPATION AGREEMENT
Fund Participation Agreement • May 2nd, 2008 • Northern Lights Variable Trust • Texas

THIS AGREEMENT, made as of May 1, 2007, between Northern Lights Variable Trust, an open-end management investment company organized as a Delaware business trust (the "Trust"), and Jefferson National Life Insurance Company, a life insurance company organized under the laws of the State of Texas (the “Company”), on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A, as the parties hereto may amend it from time to time (the "Accounts") (individually, a "Party", and collectively, the "Parties"), is hereby amended as of March 18, 2008.

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST And The Oxford Private Client Group, LLC
Investment Advisory Agreement • May 2nd, 2008 • Northern Lights Variable Trust • Nebraska

AGREEMENT, made as of November 15, 2007, between Northern Lights Variable Trust, a Delaware business trust located at 450 Wireless Boulevard, Hauppauge, NY (the "Trust"), and The Oxford Private Client Group, LLC (the “Advisor”), located at 1900 LaSalle Avenue N., Minneapolis, Minnesota.

SUBADVISORY AGREEMENT
Subadvisory Agreement • May 2nd, 2008 • Northern Lights Variable Trust • New York

THIS AGREEMENT is made and entered into as of this 7th day of April, 2008, by and between JNF ADVISORS, INC. (the “Adviser”), a Delaware corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 9920 Corporate Campus Drive, Suite 1000, Louisville, Kentucky 40223, and A I M ADVISORS, INC. (the “Subadviser”), a Delaware corporation registered under the Advisers Act, located at 11 Greenway Plaza, Suite 100, Houston, Texas, 77046-1173, with respect to each Fund listed on Schedule A hereto (each, a “Fund”), each a series of the NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”).

GLOBAL CUSTODIAL SERVICES AGREEMENT
Custodial Services Agreement • May 2nd, 2008 • Northern Lights Variable Trust

THIS GLOBAL CUSTODIAL SERVICES AGREEMENT is made on __________________, by and between Northern Light Variable Trust, a statutory trust organized under the laws of Delaware, (the “Client ”) and Citibank, N.A. acting through its offices located in New York, New York (the “Custodian”).

NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AGREEMENT THE JNF PORTFOLIOS
Operating Expenses Limitation Agreement • May 2nd, 2008 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 19th day of February, 2007, as revised on March 18, 2008 by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”), on behalf of each of its series on Appendix A, (each a “Fund” and collectively the “Funds”) and the Advisor of such Funds, JNF Advisors, Inc. (the “Advisor”).

NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT OXFORD GLOBAL TOTAL RETURN PORTFOLIO
Operating Expenses Limitation and Security Agreement • May 2nd, 2008 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 15th day of November, 2007, by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware business trust (the “Trust”), on behalf of its series, Oxford Global Total Return Portfolio (the “Fund”), and The Oxford Private Client Group, LLC, (the “Advisor”), the Fund’s Advisor.

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