0001464413-13-000380 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 15th, 2013 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of October 31, 2013 by and between QCI Asset Management, Inc., a New York corporation (the “Advisor”), and the Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the QCI Balanced Fund (the “Fund”), a series of the Trust.

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DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT
Dividend Disbursing and Transfer Agent Agreement • November 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”).

DISTRIBUTION AGREEMENT
Distribution Agreement • November 15th, 2013 • Starboard Investment Trust

This AGREEMENT, dated July 16, 2009 between STARBOARD INVESTMENT TRUST, a statutory trust organized under the laws of the State of Delaware (the “Trust”) and CAPITAL INVESTMENT GROUP, INC., a North Carolina corporation (the “Distributor”).

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

[NAME] (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the QCI Balanced Fund (“Fund”), a series of Starboard Investment Trust, in the amount of [$] for [___] shares at net asset value of [$10.00] per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of [$].

FORM OF FUND ACCOUNTING AND ADMINISTRATION AGREEMENT Dated: October 31, 2013
Fund Accounting and Administration Agreement • November 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 Starboard Investment Trust, a Delaware statutory trust (“Trust”), and The Nottingham Company, a North Carolina corporation (“Administrator”).

FORM OF EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • November 15th, 2013 • Starboard Investment Trust

This Expense Limitation Agreement (“Expense Limitation Agreement”) is made and entered into effective as October 31, 2013 by and between the Starboard Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of its series portfolio, the QCI Balanced Fund (the “Fund”), and QCI Asset Management, Inc., a New York corporation (the “Advisor”).

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