0001464413-15-000131 Sample Contracts

FUND ACCOUNTING AND ADMINISTRATION SERVICE AGREEMENT
Service Agreement • March 24th, 2015 • Starboard Investment Trust • North Carolina

THIS AGREEMENT is made and entered into as of this 28th day of August, 2014, by and between the STARBOARD INVESTMENT TRUST, a Delaware statutory trust, having its principal office and place of business at 116 South Franklin Street, Rocky Mount, North Carolina 27804 (the "Trust") and THE NOTTINGHAM COMPANY, a North Carolina corporation, having its principal office and place of business at 116 South Franklin Street, Rocky Mount, North Carolina 27804 (the "Administrator").

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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 • March 24th, 2015 • 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.

INVESTMENT ADVISORY AGREEMENT between THE STARBOARD INVESTMENT TRUST and SF ADVISORS, LLC
Investment Advisory Agreement • March 24th, 2015 • Starboard Investment Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT ("Agreement") is made and entered into as of this 28th day of August, 2014, by and between THE STARBOARD INVESTMENT TRUST, a Delaware statutory trust (the "Trust"), and SF ADVISORS, LLC, a Pennsylvania Limited Partnership (the "Adviser"), located at 110 Allen Road, Third Floor, Suite 302, Basking Ridge, New Jersey, 07920, on behalf of the SF Group Funds series (such series, together with all other series subsequently established by the Trust and made subject to this Agreement in accordance with the terms contained below, being herein referred to as a "Fund," and collectively as the "Funds.").

EXPENSE LIMITATION AGREEMENT between THE STARBOARD INVESTMENT TRUST and SF ADVISORS, LLC
Expense Limitation Agreement • March 24th, 2015 • Starboard Investment Trust
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