0000910472-10-001081 Sample Contracts

SARATOGA ADVANTAGE TRUST INVESTMENT ADVISORY AGREEMENT ALTERNATIVE STRATEGIES PORTFOLIO
Investment Advisory Agreement • October 7th, 2010 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the ___ day of ___________, 2010, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the Alternative Strategies Portfolio, a series of the Trust (the “Fund”), and Ascentia Capital Partners, LLC (the “Adviser;”).

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INVESTMENT ADVISORY AGREEMENT BETWEEN SARATOGA CAPITAL MANAGEMENT, LLC AND MILESTONE CAPITAL MANAGEMENT, LLC REGARDING THE THE SARATOGA ADVANTAGE TRUST
Investment Advisory Agreement • October 7th, 2010 • Saratoga Advantage Trust • New York

AGREEMENT made this ___ day of ___, 2010 between Saratoga Capital Management, LLC a Delaware limited liability company (the "Manager") and Milestone Capital Management, LLC, a limited liability company (the "Advisor").

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • October 7th, 2010 • Saratoga Advantage Trust • Delaware

AGREEMENT made as of the ____ day of __________, 2010, _____________ (the “Sub-Advisor”), a Delaware limited liability company, located at _________________, and Ascentia Capital Partners, LLC (the “Advisor”), a Nevada limited liability company, located at 5470 Keitzke Lane, Suite 230, Reno, NV 89511.

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT ALTERNATIVE STRATEGIES PORTFOLIO
Operating Expense Limitation Agreement • October 7th, 2010 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the ___ day of _____________, 2010, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the Alternative Strategies Portfolio, a series of the Trust (the “Fund”), and Ascentia Capital Partners, LLC, the investment adviser to the Fund (the “Adviser”).

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