0001580642-17-006768 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 27th, 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 • December 27th, 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
And Security Agreement • December 27th, 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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