Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: February 29, 2016
Appendix A
OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
As of: February 29, 2016
| Fund | Operating Expense Limit | Minimum Duration |
| CONDUCTOR GLOBAL FUND | ||
| Class A | 2.15% | March 1, 2017 |
| Class C | 2.90% | March 1, 2017 |
| Class I | 1.90% | March 1, 2017 |
| Class Y | 1.50% | March 1, ▇▇▇▇ |
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▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ behalf of the Conductor Global Fund
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: President
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IRONHORSE CAPITAL LLC
By: /s/ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ Title: Principal |