0000910472-14-002922 Sample Contracts

NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT HCM Tactical Growth Fund
Agreement • July 8th, 2014 • Northern Lights Fund Trust Iii • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 7th day of May, 2014, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the HCM Tactical Growth Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Howard Capital Management, Inc., (the “Advisor”).

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FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST III and Spectrum Advisory Services, Inc.
Investment Advisory Agreement • July 8th, 2014 • Northern Lights Fund Trust Iii

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT (the “First Amendment”) is made and entered into as of March 1, 2014, between Northern Lights Fund Trust III, a Delaware statutory trust (the “Trust”), and Spectrum Adviosry Services, Inc., a Georgia Corporation (the "Adviser") located at 1050 Crown Pointe Parkway, Suite 750 , Atlanta, Georgia 30338.

FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST III and Persimmon Capital Management, LP
Investment Advisory Agreement • July 8th, 2014 • Northern Lights Fund Trust Iii

THIS FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT (the “First Amendment”) is made and entered into as of May 7, 2014, between Northern Lights Fund Trust III, a Delaware statutory trust (the "Trust"), and Persimmon Capital Management, LP, a Delaware Limited Parntership (the "Adviser") located at 1777 Sentry Parkway West Gwynedd Hall, Suite 102 , Blue Bell, Pennsylvania 19422.

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