0001580642-21-005883 Sample Contracts

NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT FIRST PACIFIC ADVISORS, LP
And Security Agreement • December 16th, 2021 • Northern Lights Fund Trust Iii • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is made as of the 21st day of October, 2021, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of FPA Global Equity ETF (the “Fund”), a series of the Trust, and the advisor of the Fund, FIRST PACIFIC ADVISORS, LP (the “Advisor”).

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INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST III and FIRST PACIFIC ADVISORS, LP
Investment Advisory Agreement • December 16th, 2021 • Northern Lights Fund Trust Iii • New York

This AGREEMENT is made as of December 14, 2021 between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), and First Pacific Advisors, LP, a Delaware Limited Partnership (the “Adviser”) located at 11601 Wilshire Boulevard, Suite 1200, Los Angeles, CA 90025.

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