0001464413-11-000098 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • June 27th, 2011 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of April 28, 2011 by and between Navigator Money Management, Inc., a New York corporation (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the Sector Rotation Fund (the “Fund”), a series of the Trust.

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Fund Accounting And Administration Agreement Dated: April 28, 2011
Fund Accounting and Administration Agreement • June 27th, 2011 • Starboard Investment Trust • North Carolina

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

Sector Rotation Fund Operating Plan
Operating Plan • June 27th, 2011 • Starboard Investment Trust

This Operating Plan, effective commencing April 28, 2011 is entered into by and between Navigator Money Management, Inc. (“Advisor”) and The Nottingham Company (“Administrator”) with respect to the Sector Rotation Fund (“Fund”), a series of the Starboard Investment Trust (“Trust”), a Delaware statutory trust.

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