0001580642-15-002766 Sample Contracts

UNDERWRITING AGREEMENT
Underwriting Agreement • June 24th, 2015 • Saratoga Advantage Trust • Arizona
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INVESTMENT ADVISORY AGREEMENT BETWEEN JAMES ALPHA MANAGEMENT, LLC AND EAB INVESTMENT GROUP, LLC REGARDING THE THE SARATOGA ADVANTAGE TRUST
Investment Advisory Agreement • June 24th, 2015 • Saratoga Advantage Trust

AGREEMENT made this 15th day of June, 2015 between James Alpha Management, LLC a Delaware limited liability company (the "Manager") and EAB Investment Group, LLC, a Delaware limited liability company (the "Advisor").

SARATOGA ADVANTAGE TRUST INVESTMENT MANAGEMENT AGREEMENT James Alpha Managed Risk Emerging Markets Equity Portfolio
Trust Investment Management Agreement • June 24th, 2015 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT is made as of the 15th day of June, 2015, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Managed Risk Emerging Markets Equity Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC (the “Manager”).

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • June 24th, 2015 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of June, 2015, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Family Office Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC, the investment adviser to the Fund (the “Manager”).

SUB-EXPENSE LIMITATION AGREEMENT James Alpha Managed Risk Domestic Equity Portfolio
Sub-Expense Limitation Agreement • June 24th, 2015 • Saratoga Advantage Trust • Delaware

THIS SUB-EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of June, 2015, by and between James Alpha Management, LLC (the “Manager”), the investment adviser to the James Alpha Managed Risk Domestic Equity Portfolio (the “Portfolio”), a series of Saratoga Advantage Trust (the “Trust”), and EAB Investment Group, LLC, the investment sub-adviser to the Portfolio (the “Advisor”).

INVESTMENT ADVISORY AGREEMENT BETWEEN
Investment Advisory Agreement • June 24th, 2015 • Saratoga Advantage Trust

AGREEMENT made this 15th day of June, 2015 between James Alpha Management, LLC a Delaware limited liability company (the "Manager") and EAB Investment Group, LLC, a Delaware limited liability company (the "Advisor").

SARATOGA ADVANTAGE TRUST INVESTMENT MANAGEMENT AGREEMENT James Alpha Managed Risk Domestic Equity Portfolio
Saratoga Advantage Trust Investment Management Agreement • June 24th, 2015 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT is made as of the 15th day of June, 2015, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Managed Risk Domestic Equity Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC (the “Manager”).

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • June 24th, 2015 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of June, 2015, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Managed Risk Domestic Equity Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC, the investment adviser to the Fund (the “Manager”).

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT
Saratoga Advantage Trust Operating Expense Limitation Agreement • June 24th, 2015 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 15th day of June, 2015, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Managed Risk Emerging Markets Equity Portfolio, a series of the Trust (the “Fund”), and James Alpha Management, LLC, the investment adviser to the Fund (the “Manager”).

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