0001464413-22-000202 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 20th, 2022 • Starboard Investment Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made and entered into effective as of June 9, 2022 by and between Focus Fund Advisors, LLC, a Utah limited liability company (the “Advisor”), and Starboard Investment Trust (the “Trust”), a Delaware statutory trust, on behalf of the Utah Focus Fund (the “Fund”), a series of the Trust.

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • October 20th, 2022 • Starboard Investment Trust

THIS EXPENSE LIMITATION AGREEMENT (“Agreement”) is made and entered into effective as the 9th day of June, 2022, by and between Starboard Investment Trust, a Delaware statutory trust (the “Trust”), on behalf of its series the Utah Focus Fund (the “Fund”), and Focus Fund Advisors, LLC, a Utah limited liability company (the “Advisor”), with respect to the following:

DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT
Agent Agreement • October 20th, 2022 • Starboard Investment Trust
CUSTODY AGREEMENT (Updated November 1, 2022)
Custody Agreement • October 20th, 2022 • Starboard Investment Trust

The following open-end management investment companies (“Funds”) are hereby made parties to the Custody Agreement dated September 9, 2011, with UMB Bank, n.a. (“Custodian”) and Starboard Investment Trust, and agree to be bound by all the terms and conditions contained in said Agreement:

FORM OF SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS
Starboard Investment Trust • October 20th, 2022

Focus Fund Advisors, LLC (the “Purchaser”) subscribes to purchase a beneficial interest (“Interest”) of the Utah Focus Fund (the “Fund”), a series of Starboard Investment Trust, in the amount of $1,000 for one hundred (100) 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 $1,000.

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