0001580642-17-001195 Sample Contracts

INTERIM INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and W.E. DONOGHUE & CO., LLC
Interim Investment Advisory Agreement • February 28th, 2017 • Northern Lights Variable Trust • New York

AGREEMENT (the "Agreement"), made as of February 21, 2017 between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and W.E. Donoghue & Co., LLC, (the "Adviser") located at 629 Washington Street, Norwood, Massachusetts 02062.

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NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Limitation and Security Agreement • February 28th, 2017 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is made the 21st day of February 2017, with obligations herein to be effective when W.E. Donoghue & Co., LLC commences provision of advisory services (on about March 1, 2017), by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”), on behalf of a portfolio to be known as the Power Dividend Index Portfolio (the “Power Dividend”) and a portfolio to be known as the Power Momentum Index Portfolio (“Power Momentum”) (collectively referred to as the “Funds”) each a series of the Trust, and the Advisor of the Funds, W.E. Donoghue & Co., LLC (the “Advisor”).

Fee Waiver Letter Agreement
Waiver Letter Agreement • February 28th, 2017 • Northern Lights Variable Trust

You have engaged us to act as the investment adviser to each of Power Momentum Index Portfolio (formerly known as JNF SSgA Sector Rotation Portfolio) and Power Dividend Index Portfolio (formerly known as JNF SSgA Tactical Allocation Portfolio) pursuant to an investment advisory agreement, which is subject to the approval of the respective shareholders of each respective portfolio.

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