0000910472-12-003075 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and AL FRANK ASSET MANAGEMENT, INC. (The Innealta Capital Division)

Investment Advisory Agreement • October 9th, 2012 • Northern Lights Variable Trust • New York

• Contract Type
  Investment Advisory Agreement
• Filed
  October 9th, 2012
• Company
  Northern Lights Variable Trust
• Jurisdiction
  New York

AGREEMENT, made as of September 26 , 2012 between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and Al Frank Asset Management, Inc (the Innealta Capital Division)., a California Corpoation (the "Adviser") located at 85 Argonaut, Suite 220, Aliso Viejo, CA 92656.

FUND SERVICES AGREEMENT between NORTHERN LIGHTS VARIABLE TRUST and

Fund Services Agreement • October 9th, 2012 • Northern Lights Variable Trust • New York

• Contract Type
  Fund Services Agreement
• Filed
  October 9th, 2012
• Company
  Northern Lights Variable Trust
• Jurisdiction
  New York

FUND PARTICIPATION AGREEMENT

Fund Participation Agreement • October 9th, 2012 • Northern Lights Variable Trust • New York

• Contract Type
  Fund Participation Agreement
• Filed
  October 9th, 2012
• Company
  Northern Lights Variable Trust
• Jurisdiction
  New York

THIS AGREEMENT is made as of May 21, 2007, as revised on June 12, 2009 between Northern Lights Variable Trust, an open-end management investment company organized as a Delaware business trust (the "Trust"), Northern Lights Distributors, LLC, a Nebraska limited liability company (the “Distributor”) and Midland National Life Insurance Company, a life insurance company organized under the laws of the State of Iowa (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").

FORM OF PARTICIPATION AGREEMENT Among First Security Benefit Life Insurance and Annuity Company of New York, Northern Lights Variable Trust, and Innealta Capital Country Rotation Portfolio and Innealta Capital Sector Rotation Portfolio

Participation Agreement • October 9th, 2012 • Northern Lights Variable Trust • New York

• Contract Type
  Participation Agreement
• Filed
  October 9th, 2012
• Company
  Northern Lights Variable Trust
• Jurisdiction
  New York

THIS AGREEMENT, dated as of the 26th day of September, 2012, by and among First Security Benefit Life Insurance and Annuity Company of New York, (the "Company"), a stock life insurance company organized under the laws of the State of New York, on its own behalf and on behalf of each segregated asset account of the Company currently in existence or hereafter created, as set forth on Schedule A hereto, which may be updated from time to time for the convenience of the parties, (each an “Account"), the Northern Lights Variable Trust, a Delaware statutory trust (the "Fund"), on behalf of W.E. Donoghue & Co., Inc. (the "Adviser"), a Massachusetts Company.

NORTHERN LIGHTS VARIABLE TRUST FORM OF OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT AL FRANK ASSET MANAGEMENT, INC. (the Innealta Capital Division)

Operating Expenses Limitation and Security Agreement • October 9th, 2012 • Northern Lights Variable Trust • New York

• Contract Type
  Operating Expenses Limitation and Security Agreement
• Filed
  October 9th, 2012
• Company
  Northern Lights Variable Trust
• Jurisdiction
  New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 26th day of September, 2012, by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”), on behalf of Innealta Capital Country Rotation Portfolio and Innealta Capital Sector Rotation Portfolio (each a “Fund” and collectively the “Funds”) each a series of the Trust, and the Advisor of the Funds, Al Frank Asset Management, Inc. (the Innealta Capital Division) (the “Advisor”).