0001580642-15-001935 Sample Contracts

INVESTMENT ADVISORY AGREEMENT between NORTHERN LIGHTS VARIABLE TRUST
Investment Advisory Agreement • April 30th, 2015 • Northern Lights Variable Trust • New York

AGREEMENT, made as of April 3, 2014, between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and each Probabilities Fund Management, LLC, a California limited liability company (a "Co-Adviser" or “Probabilities”) located at 1665 Union Street, Suite A, San Diego, CA 92101; and Princeton Fund Advisors, LLC, a Delaware limited liability company (a “Co-Adviser” or “Princeton”) located at 1125 17th Street, Suite 1400, Denver, CO 80202.

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NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT PROBABILITIES FUND MANAGEMENT, LLC
Operating Expenses Limitation and Security Agreement • April 30th, 2015 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 12th day of November, 2013, by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”), on behalf of Probabilities VIT Fund (the “Fund”) a series of the Trust, and the co-advisors of the Fund, Probabilities Fund Management, LLC and Princeton Fund Advisors, LLC (the “Co-Advisors”).

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