0000910472-11-001023 Sample Contracts

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT JAMES ALPHA GLOBAL REAL ESTATE INVESTMENTS PORTFOLIO
Expense Limitation Agreement • June 27th, 2011 • Saratoga Advantage Trust • New York

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the ___ day of _____________, 2011, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Global Real Estate Investments Portfolio, a series of the Trust (the “Fund”), and Ascent Investment Advisors, LLC, the investment adviser to the Fund (the “Adviser”).

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Board of Trustees James Alpha Global Real Estate Investments Fund
Saratoga Advantage Trust • June 27th, 2011
SUPERVISION AGREEMENT
Supervision Agreement • June 27th, 2011 • Saratoga Advantage Trust • New York

Agreement dated and effective as of February 1, 2011 between THE SARATOGA ADVANTAGE TRUST, a Delaware business trust (herein referred to as the "Trust"), and SARATOGA CAPITAL MANAGEMENT, LLC, a Delaware limited liability company ("Saratoga").

SARATOGA ADVANTAGE TRUST JAMES ALPHA GLOBAL REAL ESTATE INVESTMENTS PORTFOLIO USE OF NAME AGREEMENT
Saratoga Advantage Trust • June 27th, 2011 • Saratoga Advantage Trust • Delaware

THIS AGREEMENT is made as of the __ day of ________, 2011 by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Global Real Estate Investments Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC (“JAM”).

SARATOGA ADVANTAGE TRUST INVESTMENT ADVISORY AGREEMENT GLOBAL REAL ESTATE INVESTMENTS PORTFOLIO
Investment Advisory Agreement • June 27th, 2011 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the ___ day of ___________, 2011, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Global Real Estate Investments Portfolio, a series of the Trust (the “Fund”), and Ascent Investment Advisors, LLC (the “Adviser”).

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