SUBADVISORY AGREEMENTSubadvisory Agreement • February 23rd, 2016 • Northern Lights Variable Trust • Delaware
THIS AGREEMENT is made and entered into as of this 17th day of December, 2015, 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 10350 Ormsby Park Place, Louisville, Kentucky 40223, and Exceed Advisory, LLC (the "Subadviser"), a Delaware limited liability company registered under the Advisers Act, located at 28 West 44th Street, 16th Floor, New York, New York 10036 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").
SUBADVISORY AGREEMENTSubadvisory Agreement • February 23rd, 2016 • Northern Lights Variable Trust • Delaware
THIS AGREEMENT is made and entered into as of this 17th day of December, 2015, 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 10350 Ormsby Park Place, Louisville, Kentucky 40223 (the “Adviser”), Exceed Advisory LLC, a Delaware limited liability company registered under the Advisers Act, located at 28 West 44 Street, 16th Floor, New York, New York 10036 (“Exceed”), and FIRST PRINCIPLES CAPITAL MANAGEMENT, LLC (“FPCM”), a New York limited liability company registered under the Advisers Act, located at 140 Broadway, 21st Floor, New York, New York 10005, 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”).
