0001464413-13-000327 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 11th, 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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INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • October 11th, 2013 • Starboard Investment Trust • Delaware

This Investment Sub-Advisory Agreement (“Agreement”) is made and entered into as of September 25, 2013 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”).

Fund Accounting And Administration Agreement Dated: August 22, 2013
Fund Accounting and Administration Agreement • October 11th, 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”).

Horizons West Multi-Strategy Hedged Income Fund Operating Plan
Operating Plan • October 11th, 2013 • Starboard Investment Trust

This Operating Plan, made and entered into August 22, 2013, is entered into by and between CV Investment Advisors, 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.

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