OPERATING EXPENSE LIMITATION AND SECURITY AGREEMENT between Two Roads Shared Trust and Redwood Investment Management, LLC dated September 18, 2013 APPENDIX A As amended: February 26, 2018
OPERATING EXPENSE LIMITATION AND SECURITY AGREEMENT
between Two Roads Shared Trust and Redwood Investment Management, LLC
dated September 18, 2013
APPENDIX A
As amended: February 26, 2018
| Fund | Operating Expense Limit | Minimum Duration |
| Redwood Managed Volatility Fund | ||
| Class I | 1.67% | March 1, 2019 |
| Class N | 1.92% | March 1, 2019 |
| Class Y | 1.43% | March 1, ▇▇▇▇ |
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇,
▇▇ behalf of the Funds included herein on Appendix A
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: President
REDWOOD INVESTMENT MANAGEMENT, LLC
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Principal