0001580642-15-005992 Sample Contracts

AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 23rd, 2015 • Two Roads Shared Trust • Delaware

This AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT (the “Agreement”) amends and restates the Investment Advisory Agreement dated August 29, 2012, made by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and LJM Funds Management, LTD. (the “Adviser”). This Agreement will confirm the agreement between the Trust and Adviser as follows:

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AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 23rd, 2015 • Two Roads Shared Trust • Delaware

This AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT (the “Agreement”) amends and restates the Investment Advisory Agreement dated March 21, 2013, made by and between Two Roads Shared Trust, a Delaware statutory trust (the “Trust”), and Superfund Advisors Inc. (the “Adviser”). This Agreement will confirm the agreement between the Trust and Adviser as follows:

Appendix A OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT Two Roads Shared Trust As of: December 16, 2015
Operating Expenses Limitation and Security Agreement • December 23rd, 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

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