0001464413-18-000155 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • June 28th, 2018 • Starboard Investment Trust • Delaware

This Investment Sub-Advisory Agreement ("Agreement") is made and entered into as of June 7, 2018 by and between Cavalier Investments, Inc., a Massachusetts corporation ("Advisor") and Peak Capital Management, LLC, a Colorado Limited Liability Company ("Sub-Advisor"), in relation to the Cavalier Dynamic Growth Fund (the "Fund"), a series of Starboard Investment Trust, a Delaware Statutory Trust ("Trust").

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RULE 17F5 APPENDIX to CUSTODY AGREEMENT
Custody Agreement • June 28th, 2018 • Starboard Investment Trust

The following open-end management investment companies ("Funds") are hereby made parties to the Rule 17f-5 Delegation Agreement between UMB Bank, n.a., as Custodian, and Starboard Investment Trust, and agree to be bound by all terms and conditions contained in said Agreement:

to DIVIDEND DISBURSING AND TRANSFER AGENCY AGREEMENT Updated: March 8, 2018
Dividend Disbursing and Transfer Agency Agreement • June 28th, 2018 • Starboard Investment Trust
APPENDIX A to DISTRIBUTION AGREEMENT
Distribution Agreement • June 28th, 2018 • Starboard Investment Trust
CUSTODY AGREEMENT Updated: March 8, 2018
Custody Agreement • June 28th, 2018 • Starboard Investment Trust

The following open-end management investment companies ("Funds") are hereby made parties to the Custody Agreement dated September 9, 2011, with UMB Bank, n.a. ("Custodian") and Starboard Investment Trust, and agree to be bound by all the terms and conditions contained in said Agreement:

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