Operating Expense Limitation and Security Agreement Sample Contracts

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: March 6, 2019
Operating Expense Limitation and Security Agreement • August 28th, 2019 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Conductor Global Fund By: /s/ Jim Colantino Name: Jim Colantino Title: President IRONHORSE CAPITAL LLC By: /s/ H. Kerr Tigrett Name: H. Kerr Tigrett Title: Principal

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Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: February 28, 2015
Operating Expense Limitation and Security Agreement • February 27th, 2015 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the LJM Preservation and Growth Fund By: /s/ Andrew Rogers Name: Andrew Rogers Title: President LJM FUNDS MANAGEMENT, LTD. By: /s/ J. Scott Sykora Name: J. Scott Sykora Title: President

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: March 6, 2019
Operating Expense Limitation and Security Agreement • April 24th, 2019 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Conductor Global Fund By: Name: Jim Colantino Title: President IRONHORSE CAPITAL LLC By: Name: H. Kerr Tigrett Title: Principal

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: May 29, 2016
Operating Expense Limitation and Security Agreement • May 31st, 2016 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Hanlon Managed Income Fund and Hanlon Tactical Dividend and Momentum Fund By: /s/ Andrew Rogers Name: Andrew Rogers Title: President HANLON INVESTMENT MANAGEMENT, INC. By: /s/ Tom Ericson Name: Tom Ericson Title: General Counsel

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: October 1, 2016
Operating Expense Limitation and Security Agreement • October 4th, 2016 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Conductor Global Fund By: /s/ Andrew Rogers Name: Andrew Rogers Title: President IRONHORSE CAPITAL LLC By: /s/ H.Kerr Tigrett Name: H. Kerr Tigrett Title: Principal

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: February 28, 2015
Operating Expense Limitation and Security Agreement • March 2nd, 2015 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Conductor Global Fund By: /s/Andrew Rogers Name: Andrew Rogers Title: President IRONHORSE CAPITAL LLC By: /s/ H. Kerr Tigrett Name: H. Kerr Tigrett Title: Principal

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: August 1, 2015
Operating Expense Limitation and Security Agreement • July 24th, 2015 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Redwood Managed Volatility Fund By: /s/ Andrew Rogers Name: Andrew Rogers Title: President REDWOOD INVESTMENT MANAGEMENT, LLC By: /s/ Michael Messinger Name: Michael Messinger Title: Principal

SGM FUNDS OPERATING EXPENSE LIMITATION AND SECURITY AGREEMENT SGM GLOBAL HARD ASSET FUND
Operating Expense Limitation and Security Agreement • February 6th, 2009 • SGM Funds • Ohio

THIS OPERATING EXPENSE LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 10th day of December, 2008, by and between SGM FUNDS, an Ohio business trust (the “Trust”), on behalf of SGM Global Hard Asset Fund (the “Fund”), a series of the Trust, SGM Fund Management LLC (the “Adviser”), the adviser of the Fund, Mandis Holdings LLC, sole member of the Adviser, and Alexandra E. Mandis (the “Control Persons”).

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: February 29, 2016
Operating Expense Limitation and Security Agreement • February 29th, 2016 • Two Roads Shared Trust

TWO ROADS SHARED TRUST, On behalf of the Conductor Global Fund By: /s/ Andrew Rogers Name: Andrew Rogers Title: President IRONHORSE CAPITAL LLC By: /s/ H. Kerr Tigrett Name: H. Kerr Tigrett Title: Principal

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