0001580642-17-001564 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • March 8th, 2017 • Two Roads Shared Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) dated February 21, 2017, is made by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and Redwood Investment Management, LLC (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 • March 8th, 2017 • Two Roads Shared Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 21st day of February, 2017, by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), on behalf of the series listed in Exhibit A of this Agreement (each referred to herein as the “Fund” or collectively as the “Funds”), and the adviser to the Funds, Redwood Investment Management, LLC (“Redwood” or the “Adviser”).

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