0001464413-14-000341 Sample Contracts

DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT
Dividend Disbursing and Transfer Agent Agreement • October 10th, 2014 • 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”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • October 10th, 2014 • 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 INVESTMENT ADVISORY AGREEMENT between THE STARBOARD INVESTMENT TRUST and SF ADVISORS, LLC
Investment Advisory Agreement • October 10th, 2014 • Starboard Investment Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT ("Agreement") is made and entered into as of this 28th day of August, 2014, by and between THE STARBOARD INVESTMENT TRUST, a Delaware statutory trust (the "Trust"), and SF ADVISORS, LLC, a Pennsylvania Limited Partnership (the "Adviser"), located at 110 Allen Road, Third Floor, Suite 302, Basking Ridge, New Jersey, 07920, on behalf of the SF Group Funds series (such series, together with all other series subsequently established by the Trust and made subject to this Agreement in accordance with the terms contained below, being herein referred to as a "Fund," and collectively as the "Funds.").

FORM OF FUND ACCOUNTING AND ADMINISTRATION SERVICE AGREEMENT
Service Agreement • October 10th, 2014 • Starboard Investment Trust • North Carolina

THIS AGREEMENT is made and entered into as of this 28th day of August, 2014, by and between the STARBOARD INVESTMENT TRUST, a Delaware statutory trust, having its principal office and place of business at 116 South Franklin Street, Rocky Mount, North Carolina 27804 (the "Trust") and THE NOTTINGHAM COMPANY, a North Carolina corporation, having its principal office and place of business at 116 South Franklin Street, Rocky Mount, North Carolina 27804 (the "Administrator").

SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS
Subscription Agreement • October 10th, 2014 • Starboard Investment Trust

[NAME] (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the [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 EXPENSE LIMITATION AGREEMENT between THE STARBOARD INVESTMENT TRUST and SF ADVISORS, LLC
Expense Limitation Agreement • October 10th, 2014 • Starboard Investment Trust
FORM OF INVESTMENT SUB-ADVISORY AGREEMENT
Form of Investment Sub-Advisory Agreement • October 10th, 2014 • Starboard Investment Trust • Delaware

This Investment Sub-Advisory Agreement ("Agreement") is made and entered into as of [DATE], by and between StuFund Advisors, LLC, doing business as SF Advisors,, [a Delaware limited liability corporation] ("Advisor") and Logan Circle Partners, L.P., a Pennsylvania limited partnership ("Sub-Advisor").

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