NATIXIS ASSET MANAGEMENT ADVISORS, L.P.
Exhibit (d)(3)(iii)
NATIXIS ASSET MANAGEMENT ADVISORS, L.P.
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
August 3, 2007
IXIS Advisor Funds Trust III
IXIS Moderate Diversified Portfolio
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx, Treasurer
| Re: | IXIS Moderate Diversified Portfolio Advisory Agreement Addendum |
Dear Xx. Xxxxxx:
The Advisory Agreement dated July 14, 2004 between IXIS Advisor Funds Trust III (the “Fund”) with respect to its IXIS Moderate Diversified Portfolio (the “Series”) and Natixis Asset Management Advisors, L.P. (the “Manager”) is hereby revised, effective August 3, 2007, to delete section 7 and to replace it with the following:
7. As full compensation for all services rendered, facilities furnished and expenses borne by the Manager hereunder, the Fund shall pay the Manager compensation in an amount equal to (x) the annual rate of 0.70% of the first $1 billion of the average daily net assets of the Series and 0.65% of such assets in excess of $1 billion (or such lesser amount as the Manager may from time to time agree to receive) minus (y) any fees payable by the Fund, with respect to the period in question, to any one or more Sub-Advisers pursuant to any Sub-Advisory Agreements in effect with respect to such period. Such compensation shall be payable monthly in arrears or at such other intervals, not less frequently than quarterly, as the Board of Trustees of the Fund may from time to time determine and specify in writing to the Manager. The Manager hereby acknowledges that the Fund’s obligation to pay such compensation is binding only on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please sign below where indicated.
NATIXIS ASSET MANAGEMENT ADVISORS, L.P.
By Natixis Distribution Corporation, its general partner
| /s/ Xxxx X. Xxxxxx |
| Xxxx X. Xxxxxx |
| Executive Vice President |
| ACCEPTED AND AGREED TO: | ||
| IXIS Advisor Funds Trust III | ||
| IXIS Moderate Diversified Portfolio | ||
| By: | /s/ Xxxxxxx Xxxxxx | |
| Xxxxxxx Xxxxxx | ||
| Title: | Treasurer | |
| Date: | August 3, 2007 | |
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