IXIS ASSET MANAGEMENT ADVISORS, L.P.
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
July 1, 2006
IXIS Advisor Funds Trust III
Xxxxxx Associates Focused Value Fund
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx X. Xxxxxx, Treasurer
Re: Xxxxxx Associates Focused Value Fund Advisory
Agreement Addendum
Dear Xx. Xxxxxx:
The Advisory Agreement dated March 15, 2001 between
IXIS Advisor Funds Trust III (the "Fund") with respect to
its Xxxxxx Associates Focused Value Fund (the "Series")
and IXIS Asset Management Advisors, L.P. (the
"Manager") is hereby revised, effective July 1, 2006, 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 the annual rate of
0.90% of the average daily net assets of the Series, (or such
lesser amount as the Manager may from time to time agree
to receive) minus 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.
IXIS Asset Management Advisors, L.P.
By: IXIS Asset Management Distribution Corporation, its
general partner
By: /s/Xxxx X. Xxxxxx
Name: Xxxx X. Xxxxxx
Title: President and Chief Executive Officer
ACCEPTED AND AGREED TO:
IXIS Advisor Funds Trust III, on behalf of
Xxxxxx Associates Focused Value Fund
By: /s/Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: Treasurer
Date: July 1, 2006
2
