Novation of Operating Expenses Limitation Sample Contracts

NOVATION OF OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT TWO ROADS SHARED TRUST
Novation of Operating Expenses Limitation • November 29th, 2017 • Two Roads Shared Trust

This Novation of Operating Expenses Limitation and Security Agreement (the “Novation Agreement”) is entered into this 28th day of November, 2017 by and among Anfield Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended (“Anfield”), Regents Park Funds, LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended (“Regents Park”), and Two Roads Shared Trust, a Delaware statutory trust (the “Trust”) on behalf of the Affinity Small Cap Fund, a series of the Trust (the “Fund”).

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