NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT COUNTERPOINT TACTICAL EQUITY FUNDCounterpoint Tactical Equity Fund • October 19th, 2015 • Northern Lights Fund Trust Iii • New York
Contract Type FiledOctober 19th, 2015 Company JurisdictionTHIS 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 Counterpoint Tactical Equity Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Counterpoint Mutual Funds, LLC, (the “Advisor”).