0001464413-13-000231 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 13th, 2013 • Starboard Investment Trust • Delaware

This amended and restated Investment Advisory Agreement (“Agreement”) is made and entered into effective as of August 22, 2013 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 Horizons West Multi-Strategy Hedged Income Fund (the “Fund”) (formerly known as the Prophecy Alpha Trading Fund), a series of the Trust.

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Horizons West Multi-Strategy Hedged Income Fund FORM OF Operating Plan
Operating Plan • August 13th, 2013 • Starboard Investment Trust

This Operating Plan, made and entered into August 22, 2013, is entered into by and between Horizons West Capital Partners, LLC (“Advisor”) and The Nottingham Company (“Administrator”) with respect to the Horizons West Multi-Strategy Hedged Income Fund (“Fund”) (formerly known as the Prophecy Alpha Trading Fund), a series of the Starboard Investment Trust (“Trust”), a Delaware statutory trust.

FORM OF Fund Accounting And Administration Agreement Dated: August __, 2013
Administration Agreement • August 13th, 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 INVESTMENT SUB-ADVISORY AGREEMENT
Form of Investment Sub-Advisory Agreement • August 13th, 2013 • Starboard Investment Trust • Delaware

This Investment Sub-Advisory Agreement (“Agreement”) is made and entered into as of [DATE] by and between CV Investment Advisors, LLC, a Delaware limited liability company (“Advisor”) and Horizons West Capital Partners, LLC, a Delaware limited liability company (“Sub-Advisor”).

FORM OF SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS HORIZONS WEST MULTI-STRATEGY HEDGED INCOME FUND A Series Of Starboard Investment Trust LETTER OF INVESTMENT INTENT
Subscription Agreement • August 13th, 2013 • Starboard Investment Trust

[NAME] (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the Horizons West Multi-Strategy Hedged Income Fund (“Fund”) (formerly known as the Prophecy Alpha Trading Fund), a series of Starboard Investment Trust, in the amount of [$] for [___] shares at net asset value of [$10.00] per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of [$].

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