November 28, 2022
Northern Lights Fund Trust IV
225 Pictoria Drive, Suite 450
Cincinnati, OH 45246
Dear Board Members:
This letter is in response
to your request for our opinion in connection with the filing of Post-Effective Amendment No. 283 to the Registration Statement, File
Nos. 333-204808 and 811-23066 (the “Registration Statement”), of Northern Lights Fund Trust IV (the “Trust”).
We have examined a copy
of the Trust’s Agreement and Declaration of Trust, the Trust’s By-laws, the Trust's record of the various actions by the Trustees
thereof, and all such agreements, certificates of public officials, certificates of officers and representatives of the Trust and others,
and such other documents, papers, statutes and authorities as we deem necessary to form the basis of the opinion hereinafter expressed.
We have assumed the genuineness of the signatures and the conformity to original documents of the copies of such documents supplied to
us as copies thereof.
Based upon the foregoing,
we are of the opinion that, after the applicable Post-Effective Amendment is effective for purposes of applicable federal and state securities
laws, the shares of each series listed on the attached Exhibit A (the “Funds”), if issued in accordance with the then current
Prospectus and Statement of Additional Information of the applicable Fund, will be legally issued, fully paid and non-assessable.
We hereby give you our
permission to file this opinion with the U.S. Securities and Exchange Commission as an exhibit to Post-Effective Amendment No. 283 to
the Registration Statement. This opinion may not be filed with any subsequent amendment, or incorporated by reference into a subsequent
amendment, without our prior written consent. This opinion is prepared for the Trust and its shareholders and may not be relied upon by
any other person or organization without our prior written approval.
Very truly yours,
/s/ Thompson Hine LLP
Thompson Hine LLP
EXHIBIT A
| 1. | Anchor Risk Managed Credit Strategies Fund |
| 2. | Anchor Risk Managed Equity Strategies Fund |
| 3. | Anchor Risk Managed Global Strategies Fund |
| 4. | FMC Excelsior Focus Equity ETF |
| 5. | FormulaFolios Hedged Growth ETF |
| 6. | FormulaFolios Smart Growth ETF |
| 7. | FormulaFolios Tactical Growth ETF |
| 8. | FormulaFolios Tactical Income ETF |
| 10. | Inspire Corporate Bond ETF |
| 11. | Inspire Faithward Large Cap Momentum ETF |
| 12. | Inspire Fidelis Multi Factor ETF |
| 13. | Inspire Global Hope ETF |
| 14. | Inspire International ETF |
| 15. | Inspire Small/Mid Cap ETF |
| 16. | Inspire Tactical Balanced ETF |
| 17. | LGM Risk Managed Total Return Fund |
| 19. | Main International ETF |
| 20. | Main Sector Rotation ETF |
| 21. | Main Thematic Innovation ETF |
| 22. | Moerus Worldwide Value Fund |
| 23. | Monarch Ambassador Income ETF |
| 24. | Monarch Blue Chips Core ETF |
| 26. | R3 Global Dividend Growth ETF |
| 27. | Sterling Capital Focus Equity ETF |
| 28. | Sterling Capital Diverse Multi-Manager Active ETF |
| 30. | USA Mutuals All Seasons Fund |