0001464413-11-000182 Sample Contracts

INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • November 14th, 2011 • Starboard Investment Trust • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  November 14th, 2011
• Company
  Starboard Investment Trust
• Jurisdiction
  Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of October 27, 2011 by and between Greenwood Capital Associates, LLC, a South Carolina limited liability company (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the Crescent Large Cap Macro Fund (the “Fund”), a series of the Trust.

FUND ACCOUNTING AND ADMINISTRATION AGREEMENT Dated: October 27, 2011

Fund Accounting and Administration Agreement • November 14th, 2011 • Starboard Investment Trust • North Carolina

• Contract Type
  Fund Accounting and Administration Agreement
• Filed
  November 14th, 2011
• Company
  Starboard Investment Trust
• Jurisdiction
  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 • November 14th, 2011 • Starboard Investment Trust

• Contract Type
  Expense Limitation Agreement
• Filed
  November 14th, 2011
• Company
  Starboard Investment Trust

This Expense Limitation Agreement (“Expense Limitation Agreement”) is made and entered into effective as of October 27, 2011 by and between Greenwood Capital Associates, LLC, a South Carolina limited liability company (the “Advisor”) and the Starboard Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of the Crescent Large Cap Macro Fund (the “Fund”), a series of the Trust.

SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS CRESCENT LARGE CAP MACRO FUND A Series Of Starboard Investment Trust LETTER OF INVESTMENT INTENT

Subscription Agreement • November 14th, 2011 • Starboard Investment Trust

• Contract Type
  Subscription Agreement
• Filed
  November 14th, 2011
• Company
  Starboard Investment Trust

[________] (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the Crescent Large Cap Macro Fund (“Fund”), a series of Starboard Investment Trust, in the amount of $[________] for [________] shares at net asset value of $[________] per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $[________].