0000910472-14-002242 Sample Contracts

INVESTMENT ADVISORY AGREEMENT BETWEEN JAMES ALPHA MANAGEMENT, LLC AND , INC. REGARDING THE THE SARATOGA ADVANTAGE TRUST
Investment Advisory Agreement • May 22nd, 2014 • Saratoga Advantage Trust

AGREEMENT made this _____ day of ________________, 20 between James Alpha Management, LLC a Delaware limited liability company (the "Manager") and , a corporation (the "Advisor").

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SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT JAMES ALPHA MULTI STRATEGY ALTERNATIVE INCOME PORTFOLIO
Operating Expense Limitation Agreement • May 22nd, 2014 • Saratoga Advantage Trust • New York

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the day of , 2014, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Multi Strategy Alternative Income Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC, the investment adviser to the Fund (the “Manager”).

SARATOGA ADVANTAGE TRUST INVESTMENT ADVISORY AGREEMENT JAMES ALPHA MULTI STRATEGY ALTERNATIVE INCOME PORTFOLIO
Investment Advisory Agreement • May 22nd, 2014 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the day of , 2014, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Multi Strategy Alternative Income Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC (the “Manager”).

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