0001464413-12-000261 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • December 31st, 2012 • Starboard Investment Trust

This Expense Limitation Agreement (“Expense Limitation Agreement”) is made and entered into effective as of December 21, 2012 by and between the Starboard Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of its series portfolio, the SCS Tactical Allocation Fund (the “Fund”), and Sentinel Capital Solutions, Inc., a Maryland corporation (the “Advisor”).

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