0000910472-14-005271 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 21st, 2014 • Two Roads Shared Trust • Delaware

INVESTMENT ADVISORY AGREEMENT made as of this 5th day of November, 2014 by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and Breithorn Capital Management LLC (the “Adviser”).

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OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Operating Expenses Limitation and Security Agreement • November 21st, 2014 • Two Roads Shared Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 5th day of November, 2014, by and between TWO ROADS SHARED TRUST, a Delaware statutory trust (the “Trust”), on behalf of the BREITHORN LONG/SHORT FUND (the “Fund”), a series of the Trust, and the Adviser to the Fund, BREITHORN CAPITAL MANAGEMENT LLC (“Breithorn” or the “Adviser”).

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