Read a list of excluded folders from a file for Amazon S3 sync

Question

I want to use Amazon S3 Sync to copy files from one bucket to another, it would be good if I can just list down a list of folders that I want to exclude in a text file, and then I call s3 sync and pass in the folder name one by one, by going through the text file.

Even though Amazon S3 sync supports --exclude parameter, but it appears that you can only specify one pattern at a time-- it doesn't seem to support the "get a list of folders from a text file and exclude them one by one" kind of operation.

Any idea how this can be done?