0001464413-17-000080 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 24th, 2017 • Starboard Investment Trust • Delaware

This Investment Sub-advisory Agreement ("Agreement") is made and entered into as of December 29, 2016 by and among Starboard Investment Trust, a Delaware Statutory Trust ("Trust"), Cavalier Investments, Inc., a Massachusetts corporation ("Advisor") and Navellier & Associates, Inc., a Nevada corporation ("Sub-Advisor").

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INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 24th, 2017 • Starboard Investment Trust • Delaware

This Investment Sub-advisory Agreement ("Agreement") is made and entered into as of December 29, 2016 by and among the Starboard Investment Trust, a Delaware Statutory Trust ("Trust"), Cavalier Investments, Inc., a Massachusetts corporation ("Advisor") and Beaumont Financial Partners LLC, a Massachusetts Limited Liability Company ("Sub-Advisor").

EXPENSE LIMITATION AGREEMENT between
Expense Limitation Agreement • March 24th, 2017 • Starboard Investment Trust

THIS EXPENSE LIMITATION AGREEMENT ("Agreement") is made and entered into effective as this 27th day of February, 2017 by and between Starboard Investment Trust, a Delaware statutory trust (the "Trust"), on behalf of its series, the Cavalier Funds (the "Fund(s)"), and Cavalier Investments, Inc., a Massachusetts corporation (the "Advisor").

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