0001580642-19-004745 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between ALTERNATIVE STRATEGIES FUND and LADENBURG THALMANN ASSET MANAGEMENT, INC.
Investment Advisory Agreement • October 18th, 2019 • Alternative Strategies Fund • New York

AGREEMENT, made as of May 3, 2019, between ALTERNATIVE STRATEGIES FUND, a Delaware statutory trust (the "Trust"), and LADENBURG THALMANN ASSET MANAGEMENT, INC. a Delaware corporation (the "Adviser") located at 277 Park Avenue, 26th Floor, New York, New York 10172.

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ALTERNATIVE STRATEGIES FUND OPERATING EXPENSES LIMITATION AGREEMENT
Strategies Fund Operating Expenses Limitation Agreement • October 18th, 2019 • Alternative Strategies Fund • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 12th day of August, 2010, as amended August 12, 2014, November 16, 2015, August 24, 2016 and August 20, 2019 by and between ALTERNATIVE STRATEGIES FUND, a Delaware statutory trust (the “Trust”), on behalf of the ALTERNATIVE STRATEGIES FUND, (the “Fund”) a series of the Trust and the Advisor of such Fund, Ladenburg Thalmann Asset Management, Inc. (the “Advisor”).

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