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 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”).

FORM OF SARATOGA ADVANTAGE TRUST OPERATING EXPENSE LIMITATION AGREEMENT FOR CLASS A, I, C SHARES
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”).

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