0001580642-17-005481 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 10th, 2017 • Two Roads Shared Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) dated September 19th, 2017, is made by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and Regents Park Funds, LLC (the “Adviser”). This Agreement will confirm the agreement between the Trust and Adviser as follows:

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INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • October 10th, 2017 • Two Roads Shared Trust • New York

This INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”), effective as of September 19th, 2017, is by and among Affinity Investment Advisors, LLC (the “Sub-Adviser”), Two Roads Shared Trust (the “Trust”), on behalf of the Affinity World Leaders Equity ETF, a series of the Trust (the “Fund”), and Regents Park Funds, LLC (the “Adviser”).

TWO ROADS SHARED TRUST OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Regents Park Funds, LLC
Operating Expenses Limitation and Security Agreement • October 10th, 2017 • Two Roads Shared Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is made as of the 19th day of September, 2017, by and between TWO ROADS SHARED TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Anfield Capital Diversified Alternatives ETF and Affinity World Leaders Equity ETF (each a “Fund”, collectively the “Funds”) a series of the Trust, and the advisor of the Funds, Regents Park Funds, LLC (the “Advisor”).

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