INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and COMMERCE ASSET MANAGEMENT, LLCInvestment Advisory Agreement • April 15th, 2016 • Northern Lights Variable Trust • New York
AGREEMENT, made as of February 6, 2013 between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and Commerce Asset Management, LLC, a limited liability company organized and existing unde the laws of the State of Tennessee (the "Adviser") located at 5050 Poplar Avenue, Memphis, TN 38157.
SUBADVISORY AGREEMENTSubadvisory Agreement • April 15th, 2016 • Northern Lights Variable Trust • New York
THIS AGREEMENT is made and entered into as of this 13th day of April, 2011, as revised on 27th day of March, 2013, by and between VALMARK ADVISERS, INC. (the “Adviser”), an Ohio corporation registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 130 Springside Drive, Akron, OH 44333, and Milliman Financial Risk Management, LLC (the “Subadviser”), a Washington corporation registered under the Advisers Act, with an office at 71 S. Wacker Drive, 31st Floor, Chicago, IL 60606, 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”).
