INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • April 21st, 2017 • Starboard Investment Trust • Delaware
Contract Type FiledApril 21st, 2017 Company JurisdictionTHIS INVESTMENT ADVISORY AGREEMENT ("Agreement") is made and entered into as of this 29th day of December, 2016, by and between STARBOARD INVESTMENT TRUST, a Delaware statutory trust (the "Trust"), and ARS Investment Management, LLC, a Massachusetts Limited Liability Company (the "Advisor"), located at 629 Highland Avenue, Suite 200, Needham, Massachusetts, 02494, on behalf of the Alpha Risk Hedged Dividend Equity Fund enumerated in Appendix A hereof (made subject to this Agreement in accordance with the terms contained below, being herein referred to as the "Fund,").