June 26, 2013 To the Trustees of John Hancock Funds III 601 Congress Street Boston, MA 02210 Re: Rule 12b-1 Fee Waiver Letter Agreement

June 26, 2013

To the Trustees of
Xxxx Xxxxxxx Funds III
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000

Re: Rule 12b-1 Fee Waiver Letter Agreement

With reference to each of the Distribution Plans entered into by and between Xxxx Xxxxxxx Funds, LLC (the “Distributor”) and Xxxx Xxxxxxx Funds III (the “Trust”), on behalf of each of its series listed in Appendix A (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:

1. The Distributor agrees to contractually waive and limit its Rule 12b-1 distribution fees and/or service fees to the extent necessary to achieve the aggregate distribution and service fees of each Fund as set forth in Appendix A hereto. The expense waiver agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Distributor based upon a determination that this is appropriate under the circumstances at that time.

2. We understand and intend that the Trust will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statements on Form N-1A for the Trust and the Funds with the Securities and Exchange Commission, in accruing each Fund’s expenses for purposes of calculating its net and gross asset value per share, and for other purposes permitted under Form N-1A and/or the Investment Company Act of 1940, as amended, and we expressly permit the Trust so to rely.

		Sincerely,
		XXXX XXXXXXX FUNDS, LLC
		By: /s/ Xxxxxxx X. Xxxx
		Xxxxxxx X. Xxxx
		Vice President, Finance
Agreed and Accepted
on behalf of Xxxx Xxxxxxx Funds III
By:	/s/ Xxxxxxx Xxxxx
	Xxxxxxx Xxxxx
	Chief Financial Officer

A copy of the document establishing the Trust is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by the officer in his capacity as such and not as an individual and is not binding upon any of the Trustees, officers or shareholders of the Trust individually but only upon the assets of the Funds.

APPENDIX A

XXXX XXXXXXX FUNDS III

		Expiration Date
Fund	Class R4	of Waiver/Limit
Xxxx Xxxxxxx International Core Fund	0.15%	6/30/2014
Xxxx Xxxxxxx Disciplined Value Fund	0.15%	6/30/2014
Xxxx Xxxxxxx Disciplined Value Mid Cap Fund	0.15%	6/30/2014
Xxxx Xxxxxxx International Value Equity Fund	0.15%	6/30/2014
Xxxx Xxxxxxx Xxxxxxx Growth Fund	0.15%	6/30/2014
Xxxx Xxxxxxx Small Company Fund	0.15%	6/30/2014