0001464413-13-000014 Sample Contracts

CUSTODY AGREEMENT Dated September 9, 2011 Between UMB BANK, N.A. and STARBOARD INVESTMENT TRUST On Behalf Of Each Of Its Fund Series and THE NOTTINGHAM COMPANY Solely In Its Role As Payor Per Section 11
Custody Agreement • January 15th, 2013 • Starboard Investment Trust

This agreement made as of the date first set forth above between UMB Bank, n.a., a national banking association with its principal place of business located in Kansas City, Missouri (hereinafter “Custodian”), the Starboard Investment Trust, a Delaware statutory trust, on behalf of each of the Funds listed on Appendix B hereof, together with such additional Funds which shall be made parties to this Agreement by the execution of Appendix B hereto (individually, a “Fund” and collectively, the “Funds”), and The Nottingham Company, a North Carolina corporation, solely in its role as payor in accordance with Section 11.

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • January 15th, 2013 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of November 15, 2012 by and between CV Investment Advisors, LLC, a Delaware limited liability company (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the CV Asset Allocation Fund (the “Fund”), a series of the Trust.

DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT
Dividend Disbursing and Transfer Agent Agreement • January 15th, 2013 • Starboard Investment Trust • North Carolina

THIS DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT (“Agreement”) is made and entered into as of July 16, 2009 by and between STARBOARD INVESTMENT TRUST, a Delaware statutory trust (“Trust”), and NOTTINGHAM SHAREHOLDER SERVICES, LLC, a North Carolina limited liability company (“Transfer Agent”).

Fund Accounting And Administration Agreement Dated: November 15, 2012
Fund Accounting and Administration Agreement • January 15th, 2013 • 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”).

FORM OF SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS
Subscription Agreement • January 15th, 2013 • Starboard Investment Trust

Brenda A. Smith (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the CV Asset Allocation Fund (“Fund”), a series of Starboard Investment Trust, in the amount of $5,000.00 for 500 shares at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $5,000.00.

Contract
Operating Plan • January 15th, 2013 • Starboard Investment Trust

This Operating Plan, made and entered into November 15, 2012, is entered into by and between CV Investment Advisors, LLC (“Advisor”) and The Nottingham Company (“Administrator”) with respect to the CV Asset Allocation Fund (the “Fund”), a series of the Starboard Investment Trust (“Trust”), a Delaware statutory trust.

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