0001580642-19-001079 Sample Contracts

OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT
Security Agreement • February 28th, 2019 • Two Roads Shared Trust • New York

THIS SECURITY AGREEMENT (the “Agreement”) is effective as of the 26th day of February, 2019, by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), on behalf of the Superfund Managed Futures Strategy Fund (the “Fund”), a series of the Trust, and the Adviser to the Fund, Superfund Advisors, Inc. (the “Adviser”).

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To the Board of Trustees of Two Roads Shared Trust c/o Gemini Fund Services, LLC Hauppauge, NY 11788 Re: Rule 12b-1 Fee Waiver Letter Agreement
Rule 12b-1 Fee Waiver Letter Agreement • February 28th, 2019 • Two Roads Shared Trust

This will confirm the agreement between Two Roads Shared Trust (the “Trust”) on behalf of the Superfund Managed Futures Strategy Fund (the “Fund”) and Superfund Advisors, Inc. (the “Adviser”), as follows:

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