SUB-ADVISORY AGREEMENTSub-Advisory Agreement • January 28th, 2014 • Northern Lights Fund Trust Iii • New York
Contract Type FiledJanuary 28th, 2014 Company JurisdictionTHIS AGREEMENT (“Agreement”) is made and entered into as of November 11, 2013, by and between PERSIMMON CAPITAL MANAGEMENT, LP , (the “Adviser”), a Delaware limited partnership registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) located at 1777 Sentry Parkway West, Gwynedd Hall, Suite 102 , Blue Bell, Pennsylvania 19422 , and CONTRAVISORY INVESTMENT MANAGEMENT, INC. a corporation organized under the laws of Massachusetts (the “Subadviser”) and also registered under the Advisers Act, with respect to the Fund listed on Schedule A hereto (the “Fund”), a series of the NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”).