0001464413-19-000330 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • December 27th, 2019 • Starboard Investment Trust • Delaware

This Investment Sub-Advisory Agreement (“Agreement”) is made and entered into as of December 6, 2018, by and between Cavalier Investments, LLC, a Massachusetts limited liability company (“Advisor”) and Navellier & Associates, Inc., a Nevada corporation (“Sub-Advisor”), in relation to the Cavalier Fundamental Growth Fund (the “Fund”), a series of the Starboard Investment Trust, a Delaware statutory trust (the “Trust”).

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INVESTMENT ADVISORY AGREEMENT between STARBOARD INVESTMENT TRUST and CAVALIER INVESTMENTS
Investment Advisory Agreement • December 27th, 2019 • Starboard Investment Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT (“Agreement”) is made and entered into as of this 29 day of December, 2016, by and between STARBOARD INVESTMENT TRUST, a Delaware statutory trust (the “Trust”), and Cavalier Investments, a Massachusetts corporation (the “Advisor”), located at 50 Braintree Hill Park, Suite105, Braintree, Massachusetts 02184, on behalf of the series of the Cavalier Fund Family enumerated in Appendix A hereof (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.”).

RULE 17f-5 DELEGATION AGREEMENT
Starboard Investment Trust • December 27th, 2019 • Missouri

By its execution of this Delegation Agreement by and between UMB Bank, n.a. (the Custodian), a national banking association, with its principal office in Kansas City, Missouri, and each of the registered investment companies (on behalf of any series thereof, if applicable) listed on the Appendix to this Agreement, together with such additional companies as shall be made parties to this Agreement by the execution of a revised Appendix to this Agreement (such companies, and any series thereof, are referred to individually as a “Fund” and, collectively, as the “Funds”), the Funds hereby direct the Custodian to appoint Brown Brothers Harriman & Co., a limited partnership formed under the laws of the State of New York, as the Approved Foreign Custody Manager (the Delegate) under the terms of the Custody Agreement between the Funds and the Custodian to perform certain functions with respect to the custody of the Funds’ Assets (as defined in Section 13 of this Delegation Agreement) outside th

CUSTODY AGREEMENT Updated: September 12, 2019
Custody Agreement • December 27th, 2019 • 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:

AMENDED AND RESTATED APPENDIX A CUSTODY AGREEMENT
Custody Agreement • December 27th, 2019 • Starboard Investment Trust

The following Subcustodians and Securities Systems are approved for use in connection with the Custody Agreement dated September 11, 2019.

SCHEDULE 1
Starboard Investment Trust • December 27th, 2019
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