0001464413-13-000329 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 11th, 2013 • Starboard Investment Trust • Delaware

This amended and restated Investment Advisory Agreement (“Agreement”) is made and entered into effective as of October 31, 2013 by and between CV Investment Advisors, LLC, a Delaware limited liability company (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the Brandywine Global U.S. High Yield Fund (the “Fund”) (formerly known as the CV Sector Rotational Fund), a series of the Trust.

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FORM OF INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • October 11th, 2013 • Starboard Investment Trust • Delaware

This Investment Sub-Advisory Agreement (“Agreement”) is made and entered into as of August 22, 2013 by and between CV Investment Advisors, LLC, a Delaware limited liability company (“Advisor”) and Brandywine Global Investment Management, LLC, a Delaware limited liability company (“Sub-Advisor”).

FORM OF Fund Accounting And Administration Agreement Dated: October 31, 2013
Administration Agreement • October 11th, 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”).

FORM OF Brandywine Global U.S. High Yield Fund Operating Plan
Starboard Investment Trust • October 11th, 2013

This Operating Plan, made and entered into October 31, 2013, is entered into by and between CV Investment Advisors, LLC (“Advisor”) and The Nottingham Company (“Administrator”) with respect to the Brandywine Global U.S. High Yield Fund (“Fund”) (formerly known as the CV Sector Rotational Fund), a series of the Starboard Investment Trust (“Trust”), a Delaware statutory trust.

FORM OF SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS
Starboard Investment Trust • October 11th, 2013

___________________________ (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the Brandywine Global U.S. High Yield Fund (“Fund”), a series of Starboard Investment Trust, in the amount of $_________.00 for [___] share(s) at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $___________.00.

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