0001580642-16-006983 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and LEADER CAPITAL, CORP.
Investment Advisory Agreement • February 22nd, 2016 • Northern Lights Variable Trust • New York

AGREEMENT, made as of August 15, 2012 between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and Leader Capital, Corp., a Oregon Corpoation (the "Adviser") located at 1750 SW Skyline Blvd., Suite 204, Portland, Oregon 97221.

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NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Trust Operating Expenses Limitation Agreement • February 22nd, 2016 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 6th day of March, 2006, as revised June 7, 2011, February 6, 2014 and March 25, 2015, by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware business trust (the “Trust”), on behalf of the Adaptive Allocation Portfolio (the “Fund”), a series of the Trust and the Advisor of such Fund, Critical Math Advisors, LLC (the “Advisor”).

NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AGREEMENT THE JNF PORTFOLIOS
Expenses Limitation Agreement • February 22nd, 2016 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of as of April 12, 2012, as revised March 26, 2014 and September 30, 2014, 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”).

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