INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST III and SWAN CAPITAL MANAGEMENT, LLCInvestment Advisory Agreement • October 27th, 2015 • Northern Lights Fund Trust Iii • New York
This AGREEMENT is made as of August 27, 2015 between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), and Swan Capital Management, LLC a Colorado limited liability company (the “Adviser”) located at 277 E. Third Avenue, A, Durango, CO 81301.
SUBADVISORY AGREEMENTSubadvisory Agreement • October 27th, 2015 • Northern Lights Fund Trust Iii • Delaware
THIS AGREEMENT is made and entered into as of the 27th day of August, 2015, by and between Swan Capital Management, LLC, a limited liability company organized under the laws of Colorado registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), (the “Adviser”) and Swan Global Management, LLC, a limited liability company organized under the laws of Puerto Rico registered under the Advisers Act (the “Subadviser”), with respect to the Funds listed on Schedule A (each a “Fund”, together the “Funds”), each a series of the Northern Lights Fund Trust III, a Delaware statutory trust (the “Trust”).
NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT SWAN DEFINED RISK FOREIGN DEVELOPED FUND SWAN DEFINED RISK U.S. SMALL CAP FUNDOperating Expenses Limitation Agreement • October 27th, 2015 • Northern Lights Fund Trust Iii • New York
THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 27th day of August, 2015, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the Swan Defined Risk Foreign Developed Fund and Swan Defined Risk U.S. Small Cap Fund (each the “Fund”, together the “Funds”) series of the Trust, and the Advisor of the Fund, Swan Capital Management, LLC, (the “Advisor”).
