0001580642-16-009352 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • June 13th, 2016 • Two Roads Shared Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) dated April 19, 2016, is made by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and Holbrook Holdings, Inc. (the “Adviser”). This Agreement 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 • June 13th, 2016 • Two Roads Shared Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 19 day of April, 2016, by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), on behalf of the Holbrook Income Fund “Fund”), a series of the Trust, and the Adviser to the Fund, Holbrook Holdings, Inc. (“Holbrook” or the “Adviser”).

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