OPERATING EXPENSE LIMITATION AND SECURITY AGREEMENT between Two Roads Shared Trust and Anfield Capital Management, LLC dated July 1, 2014 APPENDIX A As amended: December 29, 2020

OPERATING EXPENSE LIMITATION AND SECURITY AGREEMENT

between Two Roads Shared Trust and Anfield Capital Management, LLC

dated July 1, 0000

XXXXXXXX A

As amended: December 29, 2020

Fund	Operating Expense Limit	Minimum Duration
ANFIELD UNIVERSAL FIXED INCOME FUND
Class A	1.75%	March 1, 2022
Class C	2.50%	March 1, 2022
Class I	1.50%	March 1, 0000

XXX XXXXX XXXXXX XXXXX,

Xx behalf of the Funds included herein on Appendix A

By: /s/Xxx Xxxxxxxxx

Name: Xxx Xxxxxxxxx

Title: President

ANFIELD CAPITAL MANAGMENT, LLC

By: /s/Xxxxx Xxxxx

Name: Xxxxx Xxxxx

Title: Chief Executive Officer