NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT HCM DYNAMIC INCOME FUNDHCM Dynamic Income Fund • June 14th, 2022 • Northern Lights Fund Trust Iii • New York
Contract Type FiledJune 14th, 2022 Company JurisdictionTHIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 25th day of May, 2022, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the HCM Dynamic Income Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Howard Capital Management, Inc., a Delaware Corporation (the “Advisor”).