CUSTODY AGREEMENT (Updated November 1, 2022)

Exhibit (g)(1)(iii)

APPENDIX B

CUSTODY AGREEMENT
(Updated November 1, 2022)

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:

1.	Adaptive High Income ETF
2.	Arin Large Cap Theta Fund
3.	Matisse Discounted Bond CEF Strategy
4.	Matisse Discounted Closed-End Fund Strategy
5.	QCI Balanced Fund
6.	Xxxxxxx Opportunistic Value Fund
7.	RH Hedged Multi-Asset Income ETF
8.	Sector Rotation Fund
9.	Typhon Tactical Managed Futures Strategy Fund
10.	Typhon Tactical Managed Futures (Cayman) Fund Ltd.
11.	Utah Focus Fund

	STARBOARD INVESTMENT TRUST
	By:	/s/ Xxxxxxxxx X. Xxxxx
		Xxxxxxxxx X. Xxxxx, President
	UMB BANK, N.A.
	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title:	SVP
	THE NOTTINGHAM COMPANY Solely in Its Role As Payor Per Section 11
	By:	/s/ Xxxxxxxxx X. Xxxxx
		Xxxxxxxxx X. Xxxxx, President