0001580642-21-000971 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS FUND TRUST III and CENTERSTONE INVESTORS, LLC
Investment Advisory Agreement • March 3rd, 2021 • Northern Lights Fund Trust Iii • New York

This AGREEMENT is made as of November 23, 2020 between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), and CENTERSTONE INVESTORS, LLC, a Delaware limited liability company (the “Adviser”) located at located at 135 5th Avenue, Suite 3, New York, New York 10010.

Form of Master Custodian Agreement
Master Custodian Agreement • March 3rd, 2021 • Northern Lights Fund Trust Iii • Massachusetts

This Agreement is made as of February 5, 2021 (this “Agreement”), between each management investment company identified on Appendix A and each management investment company which becomes a party to this Agreement in accordance with the terms hereof (in each case, a “Fund”), including, if applicable, each series of the Fund identified on Appendix A and each series which becomes a party to this Agreement in accordance with the terms hereof, and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian” or “State Street”).

NORTHERN LIGHTS FUND TRUST III OPERATING EXPENSES LIMITATION AGREEMENT Centerstone Investors Fund Centerstone International Fund
Operating Expenses Limitation Agreement • March 3rd, 2021 • Northern Lights Fund Trust Iii • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 23rd day of November, 2020, by and between NORTHERN LIGHTS FUND TRUST III, a Delaware statutory trust (the “Trust”), on behalf of the Centerstone Investors Fund and Centerstone International Fund (collectively, the “Funds”) a series of the Trust, and the Advisor of the Funds, CENTERSTONE INVESTORS, LLC, (the “Advisor”).