NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT PINNACLE DYNAMIC GROWTH FUND PINNACLE TRENDRATING INNOVATIVE EQUITY FUNDTrendrating Innovative Equity • November 16th, 2018 • Northern Lights Fund Trust Iii • New York
Contract Type FiledNovember 16th, 2018 Company JurisdictionTHIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 22nd day of August, 2018, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the Pinnacle Dynamic Growth Fund and Pinnacle TrendRating Innovative Equity Fund, (each a “Fund” and collectively the “Funds”) each a series of the Trust, and the Advisor of the Funds, Pinnacle Family Advisors, LLC, (the “Advisor”).