Common Contracts

AND SECURITY AGREEMENT

Operating Expenses Limitation and Security Agreement • May 9th, 2013 • Two Roads Shared Trust • New York

• Contract Type
  Operating Expenses Limitation and Security Agreement
• Filed
  May 9th, 2013
• Company
  Two Roads Shared Trust
• Jurisdiction
  New York

THIS AMENDED OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 8th day of February, 2013, as amended on the 29th day of April, 2013, by and between TWO ROADS SHARED TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Anfield Universal Fixed Income Fund (the “Fund”), a series of the Trust, the Adviser to the Fund, Belvedere Asset Management, LLC (“Belvedere”) and Anfield Capital Management, LLC (“Anfield,” and together with Belvedere, the “Advisers”).

TWO ROADS SHARED TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT WITH RESPECT TO THE ANFIELD UNIVERSAL FIXED INCOME FUND BELVEDERE ASSET MANAGEMENT, LLC AND ANFIELD CAPITAL MANAGEMENT, LLC

Operating Expenses Limitation and Security Agreement • March 14th, 2013 • Two Roads Shared Trust • New York

• Contract Type
  Operating Expenses Limitation and Security Agreement
• Filed
  March 14th, 2013
• Company
  Two Roads Shared Trust
• Jurisdiction
  New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 8th day of February, 2013, by and between TWO ROADS SHARED TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Anfield Universal Fixed Income Fund (the “Fund”), a series of the Trust, the Adviser to the Fund, Belvedere Asset Management, LLC (“Belvedere”) and Anfield Capital Management, LLC (“Anfield,” and together with Belvedere, the “Advisers”).