APPENDIX B

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CUSTODY AGREEMENTUpdated: March 8, 2018

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:

1.	Alpha Risk Tactical Rotation Fund	10.	Crow Point Growth Fund
2.	Arin Large Cap Theta Fund	11.	Matisse Discounted Closed-End Fund Strategy
3.	Cavalier Adaptive Income Fund	12.	Matisse Discounted Bond CEF Strategy
4.	Cavalier Dynamic Growth Fund	13.	Nebraska Fund
5.	Cavalier Fundamental Growth Fund	14.	QCI Balanced Fund
6.	Cavalier Growth Opportunities Fund	15.	Roumell Opportunistic Value Fund
7.	Cavalier Hedged High Income Fund	16.	Sirius S&P Strategic Large-Cap Allocation Fund
8.	Cavalier Multi Strategy Fund	17.	The Sector Rotation Fund
9.	Cavalier Tactical Rotation Fund

STARBOARD INVESTMENT TRUST

By:  /s/ Katherine M. Honey

Name:  Katherine M. Honey

Title:    President

Date:    March 8, 2018

UMB BANK, N.A.

By: /s/ Peter Bergman

Name:  Peter Bergman

Title:     Vice-President

Date:  April 27, 2018

THE NOTTINGHAM COMPANYSolely In Its Role As Payor Per Section 11

By: /s/ Katherine M. Honey

Name:  Katherine M. Honey

Title:     Vice President

Date:     March 8, 2018