Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: February 28, 2015

Appendix A

OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT

Two Roads Shared Trust

As of: February 28, 2015

Fund	Operating Expense Limit	Minimum Duration
LJM Preservation and Growth Fund
Class A	2.37%	March 1, 2016
Class C	3.12%	March 1, 2016
Class I	2.12%	March 1, 0000

XXX XXXXX XXXXXX XXXXX, Xx behalf of the LJM Preservation and Growth Fund     By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: President   LJM FUNDS MANAGEMENT, LTD.         By: /s/ J. Xxxxx Xxxxxx Name: J. Xxxxx Xxxxxx Title: President