0001193125-17-095682 Sample Contracts

STONE RIDGE ASSET MANAGEMENT LLC
Expense Limitation Agreement • March 24th, 2017 • Stone Ridge Trust V

With reference to the Investment Management Agreement entered into by Stone Ridge Asset Management LLC (the “Adviser”) with Stone Ridge Trust V (the “Trust”), on behalf of its series Stone Ridge Alternative Lending Risk Premium Fund (the “Fund”) on the 13th day of May, 2016, we hereby notify you as follows:

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INVESTMENT MANAGEMENT AGREEMENT STONE RIDGE TRUST V On behalf of its series Stone Ridge Alternative Lending Risk Premium Fund and any Subsidiary of the Fund that may be formed by the Fund from time to time
Investment Management Agreement • March 24th, 2017 • Stone Ridge Trust V • New York

This INVESTMENT MANAGEMENT AGREEMENT, dated and effective as of May 13, 2016 (the “Agreement”), is between Stone Ridge Asset Management LLC, a Delaware limited liability company (the “Investment Manager”), and Stone Ridge Trust V, a Delaware statutory trust (the “Trust”), on behalf of its series, Stone Ridge Alternative Lending Risk Premium Fund (the “Fund”) and on behalf of any wholly-owned and controlled subsidiary of the Fund that may be formed by the Fund and listed on Exhibit A hereto from time to time (each, a “Subsidiary”).

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