Natixis Asset Management Advisors, L.P.
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
July 1, 2008
Natixis 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
Natixis Funds Trust III (the Fund) with respect to its
Xxxxxx Associates Focused Value Fund (the Series) and
Natixis Asset Management Advisors, L.P. (the Manager)
is hereby revised, effective July 1, 2008, 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
0.80% 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.
Natixis Asset Management Advisors, L.P.
By: Natixis Distribution Corporation, its general partner
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: President and Chief Executive Officer
ACCEPTED AND AGREED TO:
Natixis 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, 2008
