0001580642-18-001850 Sample Contracts

FORM OF SARATOGA ADVANTAGE TRUST INVESTMENT MANAGEMENT AGREEMENT JAMES ALPHA MOMENTUM PORTFOLIO
Investment Management Agreement • April 2nd, 2018 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT is made as of the [ ] day of [ ], by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Momentum Portfolio, a series of the Trust (the “Fund”), and James Alpha Advisors, LLC (the “Manager”).

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FORM OF INVESTMENT SUB-ADVISORY AGREEMENT BETWEEN James Alpha Advisors, LLC AND NWM Fund group, LLC REGARDING THE SARATOGA ADVANTAGE TRUST
Investment Sub-Advisory Agreement • April 2nd, 2018 • Saratoga Advantage Trust • New York

AGREEMENT made this [ ] day of [ ] between James Alpha Advisors, LLC, a New York limited liability company (the “Manager”), and NWM Fund Group, LLC, a California limited liability company (the “Sub-Advisor”).

FORM OF SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT FOR CLASS A, I, C SHARES
Operating Expense Limitation Agreement • April 2nd, 2018 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT FOR CLASS A, I, AND C SHARES (the “Agreement”) is effective as of the [ ] day of [ ], by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Momentum Portfolio, a series of the Trust (the “Fund”), and James Alpha Advisors, LLC, the investment adviser to the Fund (the “Manager”).

FORM OF MARKETING AND DISTRIBUTION SUPPORT AGREEMENT BETWEEN JAMES ALPHA ADVISORS, LLC AND NWM FUND GROUP, LLC REGARDING THE
Marketing and Distribution Support Agreement • April 2nd, 2018 • Saratoga Advantage Trust • Delaware

THIS MARKETING SUPPORT AGREEMENT (the “Agreement”) is effective as of the [ ] day of [ ], between James Alpha Advisors, LLC, a New York limited liability company (the “Manager”), and NWM Fund Group, LLC, a California limited liability company (the “Sub-Advisor”).

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