0001464413-13-000215 Sample Contracts

CUSTODY AGREEMENT Dated September 9, 2011 Between UMB BANK, N.A. and STARBOARD INVESTMENT TRUST On Behalf Of Each Of Its Fund Series and THE NOTTINGHAM COMPANY Solely In Its Role As Payor Per Section 11
Custody Agreement • August 2nd, 2013 • Starboard Investment Trust

This agreement made as of the date first set forth above between UMB Bank, n.a., a national banking association with its principal place of business located in Kansas City, Missouri (hereinafter “Custodian”), the Starboard Investment Trust, a Delaware statutory trust, on behalf of each of the Funds listed on Appendix B hereof, together with such additional Funds which shall be made parties to this Agreement by the execution of Appendix B hereto (individually, a “Fund” and collectively, the “Funds”), and The Nottingham Company, a North Carolina corporation, solely in its role as payor in accordance with Section 11.

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 2nd, 2013 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of April 25, 2013 by and between FolioMetrix, LLC, an Oregon limited liability company (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the Rx Fundamental Growth Fund (the “Fund”), a series of the Trust.

DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT
Dividend Disbursing and Transfer Agent Agreement • August 2nd, 2013 • Starboard Investment Trust • North Carolina

THIS DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT (“Agreement”) is made and entered into as of July 16, 2009 by and between STARBOARD INVESTMENT TRUST, a Delaware statutory trust (“Trust”), and NOTTINGHAM SHAREHOLDER SERVICES, LLC, a North Carolina limited liability company (“Transfer Agent”).

DISTRIBUTION AGREEMENT
Distribution Agreement • August 2nd, 2013 • Starboard Investment Trust

This AGREEMENT, dated July 16, 2009 between STARBOARD INVESTMENT TRUST, a statutory trust organized under the laws of the State of Delaware (the “Trust”) and CAPITAL INVESTMENT GROUP, INC., a North Carolina corporation (the “Distributor”).

Investment Sub-Advisory Agreement
Investment Sub-Advisory Agreement • August 2nd, 2013 • Starboard Investment Trust • Delaware

This Investment Sub-advisory Agreement (“Agreement”) is made and entered into as of April 25, 2013, by and between FolioMetrix, LLC, an Oregon limited liability company (“Advisor”) and Navellier & Associates, Inc., a Nevada corporation (“Sub-Advisor”).

Fund Accounting And Administration Agreement Dated: July 25, 2013
Fund Accounting and Administration Agreement • August 2nd, 2013 • Starboard Investment Trust • North Carolina

This Fund Accounting and Administration Agreement (“Agreement”), is entered into as of the date noted above by and between the Starboard Investment Trust, a Delaware statutory trust (“Trust”), and The Nottingham Company, a North Carolina corporation (“Administrator”).

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • August 2nd, 2013 • Starboard Investment Trust

This Expense Limitation Agreement (“Expense Limitation Agreement”) is made and entered into effective as of July 25, 2013 by and between the Starboard Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of its series portfolio, the Rx Fundamental Growth Fund (the “Fund”), and FolioMetrix, LLC, an Oregon limited liability company (the “Advisor”).

Rx Fundamental Growth Fund Operating Plan
Operating Plan • August 2nd, 2013 • Starboard Investment Trust

This Operating Plan, made and entered into July 25, 2013, is entered into by and between FolioMetrix, LLC (“Advisor”) and The Nottingham Company (“Administrator”) with respect to the Rx Fundamental Growth Fund (“Fund”), a series of the Starboard Investment Trust (“Trust”), a Delaware statutory trust.

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