0001580642-22-002158 Sample Contracts

FUND OF FUNDS INVESTMENT AGREEMENT
Fund of Funds Investment Agreement • April 20th, 2022 • Northern Lights Variable Trust • New York

This Fund of Funds Investment Agreement (this “Agreement”), dated as of January 19, 2022 (the “Effective Date”), is made between Northern Lights Fund Trust and Northern Lights Variable Trust (referred to as the “Trust”), on behalf of their series listed on Schedule A, severally and not jointly (each, the “Acquiring Fund”), and SPDR S&P 500 ETF Trust and SPDR Dow Jones Industrial Average ETF Trust, severally and not jointly (each, the “Acquired Fund” and together with the Acquiring Funds, the “Funds”).

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FUND OF FUNDS INVESTMENT AGREEMENT
Fund of Funds Investment Agreement • April 20th, 2022 • Northern Lights Variable Trust • Massachusetts

This Fund of Funds Investment Agreement (this “Agreement”), dated as of January 19, 2022 (the “Effective Date”), is made between Northern Lights Fund Trust and Northern Lights Variable Trust, on behalf of their series listed on Schedule A, severally and not jointly (each, the “Acquiring Fund”), and SPDR Series Trust, SPDR Index Shares Funds and SSGA Active Trust (each, a “Trust”), each on behalf of their series listed on Schedule B, severally and not jointly (each, the “Acquired Fund” and together with the Acquiring Funds, the “Funds”).

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