0001580642-19-003146 Sample Contracts

NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT HCM INCOME PLUS FUND
Operating Expenses Limitation Agreement • July 9th, 2019 • Northern Lights Fund Trust Iii • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 10th day of May, 2019, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the HCM Income Plus Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Howard Capital Management, Inc., a Delaware Corporation (the “Advisor”).

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