Legg Mason Permal Global Active Strategies Fund Sample Contracts

FORM OF SUBADVISORY AGREEMENT
Subadvisory Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this [ ]2008, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and Permal Asset Management Inc., a Delaware corporation (the “Subadviser”).

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FORM OF MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this [ ], 2008, by and between Legg Mason Permal Global Active Strategies Fund (the “Fund”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

LEGG MASON PERMAL GLOBAL ACTIVE STRATEGIES FUND AGREEMENT AND DECLARATION OF TRUST Dated as of March 31, 2008
Agreement and Declaration of Trust • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • Delaware

WHEREAS, this Trust is authorized to issue an unlimited number of its shares of beneficial interest all in accordance with the provisions hereinafter set forth;

FORM OF CUSTODIAN SERVICES AGREEMENT
Custodian Services Agreement • June 23rd, 2008 • Legg Mason Permal Global Active Strategies Fund

THIS AGREEMENT is made as of June 12, 2008 by and between PFPC TRUST COMPANY, a limited purpose trust company incorporated under the laws of Delaware (“PFPC Trust”) and each of the registered investment companies and unregistered fund(s) listed on Appendix A attached hereto (as such may be amended from time to time) (each, a “Fund” and collectively the “Funds”). Capitalized terms not otherwise defined shall have the meanings set forth in Appendix B.

FORM OF SHAREHOLDER SERVICING AGREEMENT
Shareholder Servicing Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York
FORM OF PLACEMENT AGENCY AGREEMENT
Placement Agency Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

AGREEMENT made this [ ]th day of [ ], 2008, between LEGG MASON PERMAL GLOBAL ACTIVE STRATEGIES FUND, a Delaware statutory trust (the “Fund”), and Legg Mason Investor Services, LLC (the “Placement Agent”).

FORM OF SUB-PLACEMENT AGENCY AGREEMENT
Sub-Placement Agency Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

AGREEMENT made this [ ]th day of [ ], 2008, between Legg Mason Investor Services, LLC, a [ ] limited liability company (the “Placement Agent”), and [ ], a [ ] company (the “Sub-Placement Agent”).

FORM OF ADMINISTRATION, ACCOUNTING AND INVESTOR SERVICES AGREEMENT
Administration, Accounting and Investor Services Agreement • June 23rd, 2008 • Legg Mason Permal Global Active Strategies Fund

THIS AGREEMENT is made as of June 12, 2008 by and between LEGG MASON PERMAL GLOBAL ACTIVE STRATEGIES FUND, a Delaware statutory trust (the “Fund”), and PFPC INC., a Massachusetts corporation (“PFPC”). Capitalized terms not otherwise defined shall have the meanings set forth in Appendix A.

FORM OF FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT
Fee Waiver and Expense Reimbursement Agreement • July 30th, 2008 • Legg Mason Permal Global Active Strategies Fund

AGREEMENT, effective as of , 2008, by and among Legg Mason Permal Global Active Strategies Fund (the “Fund”), a Delaware statutory trust; and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (“LMPFA”).

FORM OF SUBSCRIPTION AGREEMENT
Subscription Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund

Subscription Agreement, dated as of [ ], 2008, between Legg Mason Permal Global Active Strategies Fund, a statutory trust organized under the laws of Delaware (the “Fund”) and [ ] (the “Purchaser”).

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