INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • September 28th, 2018 • Starboard Investment Trust • Delaware
This Investment Sub-Advisory Agreement ("Agreement") is made and entered into as of September 5, 2018, by and between Cavalier Investments, LLC, a Massachusetts limited liability company ("Advisor") and Buckhead Capital Management, LLC, a Georgia limited liability company ("Sub-Advisor"), in relation to the Cavalier Adaptive Income Fund (the "Fund"), a series of the Starboard Investment Trust, a Delaware statutory trust (the "Trust").
INVESTMENT ADVISORY AGREEMENT Appendix AInvestment Advisory Agreement • September 28th, 2018 • Starboard Investment Trust
For the services delineated in this Agreement, the Advisor shall receive an investment advisory fee equal to an annualized rate of the average daily net assets of each of the Funds as listed below. The fee shall be calculated as of the last business day of each month based upon the average daily net assets of each Fund determined in the manner described in the Funds' Prospectus and Statement of Additional Information.
EXPENSE LIMITATION AGREEMENTExpense Limitation Agreement • September 28th, 2018 • Starboard Investment Trust
THIS EXPENSE LIMITATION AGREEMENT ("Agreement") is made and entered into effective as this 6th day of September, 2018, 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, LLC, a Massachusetts limited liability company (the "Advisor"), with respect to the following:
