0001193125-14-434783 Sample Contracts

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • December 5th, 2014 • Saratoga Investment Corp. • New York

This Amended and Restated Investment Management Agreement, dated as of October 17, 2013 (as the same may be amended from time to time, the “Agreement”), is entered into by and between Saratoga Investment Corp. CLO 2013-1, Ltd. (f/k/a GSC Investment Corp. CLO 2007, Ltd.), an exempted company with limited liability incorporated under the laws of the Cayman Islands, with its registered office located at c/o MaplesFS Limited, P.O. Box 1093, Queensgate House, South Church Street, George Town, Grand Cayman KY1 1102, Cayman Islands, as issuer (together with its successors and assigns permitted hereunder, the “Issuer”) and Saratoga Investment Corp., a non-diversified closed end investment company incorporated in Maryland, as investment manager (together with its permitted successors and assigns, the “Investment Manager”, as successor to GSC Investment Corp. (the “Original Collateral Manager”))) and amends, supersedes and restates the Collateral Management Agreement dated as of January 22, 2008

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INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BY AND BETWEEN GSC INVESTMENT CORP AND SARATOGA INVESTMENT ADVISORS, LLC
Investment Advisory and Management Agreement • December 5th, 2014 • Saratoga Investment Corp. • New York

This Agreement made as of July 30, 2010, by and between GSC Investment Corp., a Maryland corporation (the “Company”), and Saratoga Investment Advisors, LLC, a Delaware limited liability company (the “Investment Adviser”).

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