0001580642-19-005706 Sample Contracts

AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT BETWEEN JAMES ALPHA ADVISORS, LLC AND EAB INVESTMENT GROUP, LLC REGARDING THE THE SARATOGA ADVANTAGE TRUST
Investment Advisory Agreement • December 27th, 2019 • Saratoga Advantage Trust

AGREEMENT made this 29th day of January 2019, between James Alpha Advisors, LLC, a New York limited liability company (the "Manager") and EAB Investment Group, LLC, a Delaware limited liability company (the "Advisor"), amends and restates the prior Investment Advisory Agreement between the Manager and the Advisor, dated as of the 15th day of June 2015.

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SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT FOR CLASS S SHARES
Operating Expense Limitation Agreement • December 27th, 2019 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT FOR CLASS S SHARES (the “Agreement”) is effective as of the 1st day of June, 2019, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Hedged High Income Portfolio, a series of the Trust (the “Fund”), and James Alpha Advisors, LLC, the investment adviser to the Fund (the “Manager”).

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