0001580642-16-009108 Sample Contracts

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: May 29, 2016

Operating Expense Limitation and Security Agreement • May 31st, 2016 • Two Roads Shared Trust

• Contract Type
  Operating Expense Limitation and Security Agreement
• Filed
  May 31st, 2016
• Company
  Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Hanlon Managed Income Fund and Hanlon Tactical Dividend and Momentum Fund By: /s/ Andrew Rogers Name: Andrew Rogers Title: President HANLON INVESTMENT MANAGEMENT, INC. By: /s/ Tom Ericson Name: Tom Ericson Title: General Counsel