0001580642-24-006183 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and BAIN CAPITAL PUBLIC EQUITY, LP
Investment Advisory Agreement • October 16th, 2024 • Northern Lights Variable Trust

AGREEMENT, made as of September 26, 2024, between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and Bain Capital Public Equity, LP a limited partnership organized and existing under the laws of the State of Delaware (the "Adviser") located at 200 Clarendon Street, Boston, MA 02116.

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NORTHERN LIGHTS VARIABLE TRUST OPERATING EXPENSES LIMITATION AGREEMENT Bain Capital Public Equity, LP
Operating Expenses Limitation Agreement • October 16th, 2024 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 26th day of September 2024, by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”), on behalf of Bain Capital Equity Opportunities Fund (the “Fund”) a series of the Trust, and the advisor of the Fund, Bain Capital Public Equity, LP (the “Advisor”).

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