0000910472-12-003919 Sample Contracts

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT JAMES ALPHA GLOBAL ENHANCED REAL RETURN PORTFOLIO

Operating Expense Limitation Agreement • December 28th, 2012 • Saratoga Advantage Trust • New York

• Contract Type
  Operating Expense Limitation Agreement
• Filed
  December 28th, 2012
• Company
  Saratoga Advantage Trust
• Jurisdiction
  New York

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 31st day of December, 2012, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Global Enhanced Real Return Portfolio, a series of the Trust (the “Fund”), and Armored Wolf, LLC, the investment adviser to the Fund (the “Adviser”).

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT JAMES ALPHA GLOBAL REAL ESTATE INVESTMENTS PORTFOLIO

Operating Expense Limitation Agreement • December 28th, 2012 • Saratoga Advantage Trust • New York

• Contract Type
  Operating Expense Limitation Agreement
• Filed
  December 28th, 2012
• Company
  Saratoga Advantage Trust
• Jurisdiction
  New York

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 31st day of December, 2012, 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”).

EXCESS EXPENSE AGREEMENT

Excess Expense Agreement • December 28th, 2012 • Saratoga Advantage Trust

• Contract Type
  Excess Expense Agreement
• Filed
  December 28th, 2012
• Company
  Saratoga Advantage Trust

WHEREAS, Saratoga Capital Management, LLC is the investment manager (the"Investment Manager") of the Saratoga Advantage Trust (the “Trust");