0000910472-14-000746 Sample Contracts

NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT HORIZON CAPITAL MANAGEMENT, INC.
And Security Agreement • February 27th, 2014 • Northern Lights Fund Trust Iii • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 12th day of February, 2014, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the Issachar Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Horizon Capital Management, Inc. (the “Advisor”).

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