SECRETARY’S CERTIFICATE

I, Stephanie Shearer, being the secretary of the meeting of the Board of Trustees of the Alternative Strategies Fund (“Alternative” or the “Trust”), duly certify and attest that the Board of Trustees of the Trust adopted the following resolutions on May 20, 2014:

WHEREAS, the Board of Trustees of the Trust has determined that it is in the best interests of the Trust to obtain fidelity bond coverage covering the Trust against larceny and embezzlement by, among others, officers and employees of the Trust, in accordance with the requirements of Rule 17g-1 promulgated by the U.S. Securities and Exchange Commission under Section 17(g) of the 1940 Act, in such form and amounts which would cover gross assets in a range that would be appropriate for the Trust, such coverage to be bound from the date of effectiveness of the Trust’s registration with the Securities and Exchange Commission under the 1940 Act;

IT WAS THEREFORE RESOLVED, that the officers of the Trust are authorized to make any and all payments and to do any and all other acts, in the name of the Trust and the Trust’s Trustees and officers, as they or any of them, may determine to be necessary or appropriate in connection with obtaining a fidelity bond; and

FURTHER RESOLVED, that the officers of the Trust are authorized to make any and all payments and to do any and all other acts, in the name of the Trusts and the Trust’s Trustees and officers, as they or any of them, may determine to be necessary or appropriate in connection with obtaining a Trustees’ and Officers’ Errors and Omissions Liability Insurance Policy; and

FURTHER RESOLVED, that the officers of the Trust are authorized to take any actions and to execute any instruments which may be necessary or advisable to carry out the foregoing vote and the purpose and intent thereof.

/s/ Stephanie Shearer

Stephanie Shearer

Secretary of the Meeting