0001580642-15-004048 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • September 2nd, 2015 • Two Roads Shared Trust • New York

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) made by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and Anfield Capital Management, LLC (the “Adviser”) will confirm the agreement between the Trust and Adviser as follows:

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OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Operating Expenses Limitation and Security Agreement • September 2nd, 2015 • Two Roads Shared Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) dated the 25th day of August, 2015, by and between TWO ROADS SHARED TRUST, a Delaware statutory trust (the “Trust”), on behalf of the funds listed on Appendix A hereto (each a “Fund” and together the “Funds”), a series of the Trust, and the Adviser to the Funds, and ANFIELD CAPITAL MANAGEMENT, LLC (“Anfield” or the “Adviser”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • September 2nd, 2015 • Two Roads Shared Trust • New York

This INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) made by and among E Fund Management (Hong Kong) Co., Limited (the “Sub-Adviser”), Two Roads Shared Trust (the “Trust”), on behalf of the funds listed on Appendix A hereto (each referred to herein as the “Fund” or collectively as the “Funds”), each a series of the Trust, and Anfield Capital Management, LLC (the “Adviser”).

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