Asset Allocator Sample Contracts

NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT ASSET ALLOCATOR FUND PORTFOLIO PROTECTOR FUND
Asset Allocator • October 13th, 2015 • Northern Lights Fund Trust Iii • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 28th day of May, 2015, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the Asset Allocator Fund and Portfolio Protector Fund (each a “Fund” and collectively the “Funds”) a series of the Trust, and the Advisor of the Funds, Absolute Capital, LLC, (the “Advisor”).

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