0001464413-14-000049 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 • January 29th, 2014 • 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 • January 29th, 2014 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of October 31, 2013 by and between QCI Asset Management, Inc., a New York corporation (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the QCI Balanced Fund (the “Fund”), a series of the Trust.

FUND ACCOUNTING AND ADMINISTRATION AGREEMENT Dated: October 31, 2013
Fund Accounting and Administration Agreement • January 29th, 2014 • Starboard Investment Trust • North Carolina

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

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • January 29th, 2014 • Starboard Investment Trust

This Expense Limitation Agreement (“Expense Limitation Agreement”) is made and entered into effective as October 31, 2013 by and between the Starboard Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of its series portfolio, the QCI Balanced Fund (the “Fund”), and QCI Asset Management, Inc., a New York corporation (the “Advisor”).

SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS
Subscription Agreement • January 29th, 2014 • Starboard Investment Trust
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