0000899681-10-000151 Sample Contracts

DISTRIBUTION AGREEMENT DREYFUS DYNAMIC ALTERNATIVES FUND, INC. New York, New York 10166
Distribution Agreement • March 4th, 2010 • Dreyfus Dynamic Alternatives Fund, Inc.

This is to confirm that, in consideration of the agreements hereinafter contained, the above-named investment company (the "Fund") has agreed that you shall be, for the period of this agreement, the distributor of (a) shares of each series of the Fund set forth on Exhibit A hereto, as such Exhibit may be revised from time to time (each, a "Series") or (b) if no Series are set forth on such Exhibit, shares of the Fund. For purposes of this agreement the term "Shares" shall mean the authorized shares of the relevant Series, if any, and otherwise shall mean the Fund's authorized shares.

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FORM OF MUTUAL FUND CUSTODY AND SERVICES AGREEMENT MUTUAL FUND CUSTODY AND SERVICES AGREEMENT
Services Agreement • March 4th, 2010 • Dreyfus Dynamic Alternatives Fund, Inc. • Pennsylvania

This AGREEMENT is effective as of February 8, 2010, and is between DREYFUS DYNAMIC ALTERNATIVES FUND, INC. (the "Fund"), a corporation organized under the laws of the State of Maryland having its principal office and place of business at 200 Park Avenue, New York, New York 10166, and THE BANK OF NEW YORK MELLON (the "Custodian"), a bank organized under the laws of the State of New York with a place of business at One Mellon Bank Center, Pittsburgh, Pennsylvania 15258.

MANAGEMENT AGREEMENT DREYFUS DYNAMIC ALTERNATIVES FUND, INC. 200 Park Avenue New York, New York 10166
Management Agreement • March 4th, 2010 • Dreyfus Dynamic Alternatives Fund, Inc.
SUB-INVESTMENT ADVISORY AGREEMENT THE DREYFUS CORPORATION
Sub-Investment Advisory Agreement • March 4th, 2010 • Dreyfus Dynamic Alternatives Fund, Inc. • New York

As you are aware, Dreyfus Dynamic Alternatives Fund, Inc. (the "Fund") desires to employ its capital by investing and reinvesting the same in investments of the type and in accordance with the limitations specified in the Fund's Prospectus and Statement of Additional Information as from time to time in effect, copies of which have been or will be submitted to you, and in such manner and to such extent as from time to time may be approved by the Fund's Board. The Fund employs The Dreyfus Corporation (the "Adviser") to act as its investment adviser pursuant to a written agreement (the "Management Agreement"), a copy of which has been furnished to you. The Adviser desires to retain you, and you hereby agree to accept such retention, as the Fund's sub-investment adviser.

Contract
Transfer Agency Agreement • March 4th, 2010 • Dreyfus Dynamic Alternatives Fund, Inc. • New York

Transfer Agency Agreement dated as of March 3, 2010 between DREYFUS DYNAMIC ALTERNATIVES FUND, INC., a Maryland corporation, having its principal office and place of business at 200 Park Avenue, New York, New York 10166 (hereinafter referred to as the "Fund"), and DREYFUS TRANSFER, INC., a Maryland corporation, having its principal office and place of business at 200 Park Avenue, New York, New York 10166.

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