0001104659-08-037029 Sample Contracts

FORM OF SUBADVISORY AGREEMENT

Subadvisory Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

• Contract Type
  Subadvisory Agreement
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund
• Jurisdiction
  New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this [ ]2008, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and Permal Asset Management Inc., a Delaware corporation (the “Subadviser”).

FORM OF MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC

Management Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

• Contract Type
  Management Agreement
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund
• Jurisdiction
  New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this [ ], 2008, by and between Legg Mason Permal Global Active Strategies Fund (the “Fund”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

LEGG MASON PERMAL GLOBAL ACTIVE STRATEGIES FUND AGREEMENT AND DECLARATION OF TRUST Dated as of March 31, 2008

Agreement and Declaration of Trust • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • Delaware

• Contract Type
  Agreement and Declaration of Trust
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund
• Jurisdiction
  Delaware

WHEREAS, this Trust is authorized to issue an unlimited number of its shares of beneficial interest all in accordance with the provisions hereinafter set forth;

FORM OF SHAREHOLDER SERVICING AGREEMENT

Shareholder Servicing Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

• Contract Type
  Shareholder Servicing Agreement
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund
• Jurisdiction
  New York

FORM OF PLACEMENT AGENCY AGREEMENT

Placement Agency Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

• Contract Type
  Placement Agency Agreement
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund
• Jurisdiction
  New York

AGREEMENT made this [ ]th day of [ ], 2008, between LEGG MASON PERMAL GLOBAL ACTIVE STRATEGIES FUND, a Delaware statutory trust (the “Fund”), and Legg Mason Investor Services, LLC (the “Placement Agent”).

FORM OF SUB-PLACEMENT AGENCY AGREEMENT

Sub-Placement Agency Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund • New York

• Contract Type
  Sub-Placement Agency Agreement
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund
• Jurisdiction
  New York

AGREEMENT made this [ ]th day of [ ], 2008, between Legg Mason Investor Services, LLC, a [ ] limited liability company (the “Placement Agent”), and [ ], a [ ] company (the “Sub-Placement Agent”).

FORM OF SUBSCRIPTION AGREEMENT

Subscription Agreement • June 2nd, 2008 • Legg Mason Permal Global Active Strategies Fund

• Contract Type
  Subscription Agreement
• Filed
  June 2nd, 2008
• Company
  Legg Mason Permal Global Active Strategies Fund

Subscription Agreement, dated as of [ ], 2008, between Legg Mason Permal Global Active Strategies Fund, a statutory trust organized under the laws of Delaware (the “Fund”) and [ ] (the “Purchaser”).