Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: March 6, 2019
Appendix A
OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
As of: March 6, 2019
| Fund | Operating Expense Limit | Minimum Duration |
| Conductor Global Equity Value Fund | ||
| Class A | 2.15% | March 1, 2020 |
| Class C | 2.90% | March 1, 2020 |
| Class I | 1.90% | March 1, 2020 |
| Class Y | 1.25% | March 1, 2020 |
| Conductor International Equity Value Fund | ||
| Class A | 1.45% | March 1, 2021 |
| Class I | 1.20% | March 1, ▇▇▇▇ |
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▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ behalf of the Conductor Global Fund
By: Name: ▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: President
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IRONHORSE CAPITAL LLC
By: Name: ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ Title: Principal |