FIRST AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENTS Between SWAN CAPITAL MANAGEMENT, LLC and SWAN GLOBAL MANAGEMENT, LLC
FIRST AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENTS
Between
SWAN CAPITAL MANAGEMENT, LLC
and
SWAN GLOBAL MANAGEMENT, LLC
THIS FIRST AMENDMENT TO THE INVESTMENT SUB-ADVISORY AGREEMENTS is made and entered into as of May 24, 2016, by and between Swan Global Management, LLC, a Puerto Rico limited liability company located at 00 Xxxxxx Xxxxx, Xxxxx 0, Xxxxxx Xxx Xxx, Xxxxxxx, XX 00000 (the “Sub-Adviser”), and Swan Capital Management, LLC, a Colorado limited liability company located at 000 X. Xxxxx Xxx, X, Xxxxxxx, XX 00000 (the “Adviser”).
WHEREAS, the parties previously entered into an Investment Sub-Advisory Agreements between Sub-Adviser and the Adviser, dated as of November 19, 2014 (the “Agreements”);
WHEREAS, the Agreement continues in effect with respect to the Swan Defined Risk Fund and Swan Defined Risk Emerging Markets Fund (the “Funds”) from year to year; provided, such continuance is approved at least annually before November 19th (“Expiration Date”) each year by vote of a majority of the outstanding voting securities of the Fund or by the Trustees of the Trust;
WHEREAS, the purpose of this Amendment is to designate a new Expiration Date for the Agreements in order to align its annual renewal with the investment advisory agreements between the Adviser and Northern Lights Fund Trust III;
NOW, THEREFORE, the parties hereto agree as follows:
| 1. | The Expiration Date in the Agreements is hereby amended to require annual approval to occur before July 30th each year, beginning in 2017. |
| 2. | The parties acknowledge and agree that all provisions of the Agreements remain in full force and effect. |
IN WITNESS WHEREOF, the parties have caused this First Amendment to be signed by their respective officers thereunto duly authorized as of the date and year first above written.
SWAN CAPITAL MANAGEMENT, LLC
By: /s/ Xxxxx Xxxx
Name: Xxxxx Xxxx
Title: President
SWAN GLOBAL MANAGEMENT, LLC
By:/s/ Xxxxx Xxxx
Name: Xxxxx Xxxx
Title: President
