0001464413-15-000086 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 • February 27th, 2015 • 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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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 27th, 2015 • Starboard Investment Trust

This Expense Limitation Agreement ("Expense Limitation Agreement") is made and entered into effective as December 9, 2014 by and between the Starboard Investment Trust, a Delaware statutory trust (the "Trust"), on behalf of its series, the RiskX Funds (the "Funds"), and FolioMetrix, LLC., an Oregon limited liability company (the "Advisor").

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