0001580642-16-012451 Sample Contracts

SARATOGA ADVANTAGE TRUST INVESTMENT MANAGEMENT AGREEMENT JAMES ALPHA EVENT DRIVEN PORTFOLIO
Investment Management Agreement • December 1st, 2016 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT is made as of the 10th day of November 2016, by and between Saratoga Advantage Trust (the “Trust”), on behalf of the James Alpha Event Driven Portfolio, a series of the Trust (the “Fund”), and James Alpha Advisors, LLC (the “Manager”).

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JAMES ALPHA TOTAL HEDGE CAYMAN FUND LTD. INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 1st, 2016 • Saratoga Advantage Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 10th day of November, 2016, by and between James Alpha Total Hedge Cayman Fund Ltd., a Cayman Islands company (the “Company”), and James Alpha Advisors, LLC (the “Adviser”).

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT
Trust Operating Expense Limitation Agreement • December 1st, 2016 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 10th day of November 2016, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Equity Hedge Portfolio, a series of the Trust (the “Fund”), and James Alpha Advisors, LLC, the investment adviser to the Fund (the “Manager”).

SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • December 1st, 2016 • Saratoga Advantage Trust • Delaware

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 10th day of November 2016, by and between Saratoga Advantage Trust, (the “Trust”), on behalf of the James Alpha Relative Value Portfolio, a series of the Trust (the “Fund”), and James Alpha Advisors, LLC, the investment adviser to the Fund (the “Manager”).

THE SARATOGA ADVANTAGE TRUST AMENDED AND RESTATED SCHEDULE II SERIES
Saratoga Advantage Trust • December 1st, 2016

This Schedule II, amended and restated effective as of October 19, 2016, is the Schedule II to that certain Custody Agreement dated as of October 31, 2002, as amended April 12, 2007 by and between Saratoga Advantage Trust and The Bank of New York Mellon.

Underwriting Agreement Schedule A
Underwriting Agreement • December 1st, 2016 • Saratoga Advantage Trust
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