0001580642-18-002080 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and W.E. DONOGHUE & CO., LLC
Investment Advisory Agreement • April 16th, 2018 • Northern Lights Variable Trust • New York

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

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