0001464413-10-000084 Sample Contracts

AMENDED AND RESTATED OPERATING PLAN FMX Funds
Operating Plan • September 28th, 2010 • Starboard Investment Trust

This Operating Plan, effective commencing September 28, 2010, is entered into by and between FolioMetrix, LLC (“Advisor”) and The Nottingham Company (“Administrator”) with respect to the FMX Growth Allocation Fund and FMX Total Return Fund (referred to herein as “Fund” or “Funds”), each a series of the Starboard Investment Trust (“Trust”), a Delaware statutory trust.

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