0001464413-12-000080 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 12th, 2012 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of May 29, 2012 by and between Arin Risk Advisors, LLC, a Delaware limited liability company (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the Arin Large Cap Theta Fund (the “Fund”), a series of the Trust.

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