0000894189-16-007940 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT STONE RIDGE TRUST On behalf of its series Stone Ridge International Master Variance Risk Premium Fund
Investment Management Agreement • February 26th, 2016 • Stone Ridge Trust • New York

This INVESTMENT MANAGEMENT AGREEMENT, dated and effective as of September 19, 2013 (the “Agreement”), is between Stone Ridge Asset Management LLC, a Delaware limited liability company (the “Investment Manager”), and Stone Ridge Trust, a Delaware statutory trust (the “Trust”), on behalf of its series, Stone Ridge International Master Variance Risk Premium Fund (the “Fund”).

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INVESTMENT MANAGEMENT AGREEMENT STONE RIDGE TRUST On behalf of its series Stone Ridge International Developed Markets Variance Risk Premium Fund Stone Ridge Emerging Markets Variance Risk Premium Fund
Investment Management Agreement • February 26th, 2016 • Stone Ridge Trust • New York

This INVESTMENT MANAGEMENT AGREEMENT, dated and effective as of January 23, 2014 (the “Agreement”), is between Stone Ridge Asset Management LLC, a Delaware limited liability company (the “Investment Manager”), and Stone Ridge Trust, a Delaware statutory trust (the “Trust”), on behalf of its series, Stone Ridge International Developed Markets Variance Risk Premium Fund and Stone Ridge Emerging Markets Variance Risk Premium Fund (each, a “Fund”).

STONE RIDGE ASSET MANAGEMENT LLC
Expense Limitation Agreement • February 26th, 2016 • Stone Ridge Trust

With reference to the Investment Management Agreement entered into by Stone Ridge Asset Management LLC (the “Adviser”) with Stone Ridge Trust (the “Trust”), on behalf of its series, Stone Ridge U.S. Large Cap Variance Risk Premium Fund and Stone Ridge U.S. Small Cap Variance Risk Premium Fund (each a “Fund” and together, the “Funds”), on this 22nd day of January, 2016, we hereby notify you as follows:

STONE RIDGE ASSET MANAGEMENT LLC
Expense Limitation Agreement • February 26th, 2016 • Stone Ridge Trust

With reference to the Investment Management Agreement entered into by Stone Ridge Asset Management LLC (the “Adviser”) with Stone Ridge Trust (the “Trust”), on behalf of its series, Stone Ridge International Variance Risk Premium Master Fund (the “Fund”), on this 22nd day of January, 2016, we hereby notify you as follows:

STONE RIDGE ASSET MANAGEMENT LLC
Expense Limitation Agreement • February 26th, 2016 • Stone Ridge Trust

With reference to the Investment Management Agreement entered into by Stone Ridge Asset Management LLC (the “Adviser”) with Stone Ridge Trust (the “Trust”), on behalf of its series, Stone Ridge International Developed Markets Variance Risk Premium Fund and Stone Ridge Emerging Markets Variance Risk Premium Fund (each a “Fund” and together, the “Funds”), on this 22nd day of January 2016, we hereby notify you as follows:

STONE RIDGE ASSET MANAGEMENT LLC
Expense Limitation Agreement • February 26th, 2016 • Stone Ridge Trust

With reference to the Investment Management Agreement entered into by Stone Ridge Asset Management LLC (the “Adviser”) with Stone Ridge Trust (the “Trust”), on behalf of its series, Stone Ridge Global Equity Variance Risk Premium Master Fund (the “Fund”), on this 22nd day of January, 2016, we hereby notify you as follows:

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