CLAYMORE TRUST
FIRST AMENDMENT TO THE
TRANSFER AGENT SERVICING AGREEMENT
THIS FIRST AMENDMENT dated as of the 1st day of March, 2006, to the
Transfer Agent Servicing Agreement, dated as of July 20, 2005 (the "Agreement"),
is entered by and between CLAYMORE TRUST, a Delaware statutory trust (the
"Trust") and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability
company ("USBFS").
RECITALS
WHEREAS, the parties have entered into a Transfer Agent Servicing
Agreement; and
WHEREAS, the Trust and USBFS desire to amend the fee schedule of said
Agreement; and
WHEREAS, Paragraph 12 of the Agreement allows for its amendment by a
written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit C of the Agreement is hereby superseded and replaced with
Exhibit C attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to be executed by a duly authorized officer on one or more counterparts as of
the date and year first written above.
CLAYMORE TRUST U.S. BANCORP FUND SERVICES, LLC
By: /s/ Xxxxxxx X. Xxxxxx III By: /s/ Xxxxxxx XxXxx
----------------------------- ---------------------
Name: Xxxxxxx X. Xxxxxx III Name: Xxxxxxx XxXxx
Title: Vice President Title: Senior Vice President
Exhibit C
to the
Claymore Trust Transfer Agent Servicing Agreement
TRANSFER AGENT & SHAREHOLDER SERVICES
ANNUAL FEE SCHEDULE at 1/25/06
A. Service Charges to the Funds*
Annual Minimum charges per CUSIP
o Year 1 $18,000
o Year 2 $21,000
o Year 3 $24,000
The following fee waivers will be provided for each new CUSIP for the sooner of
twelve months or $25,000,000 in assets:
o 50% for the next 3 months
o 40% for the next 3 months
o 30% for the next 3 months
o 20% for the next 3 months
B. Annual Shareholder Account Fees**
*First 50,000a/c Thereafter XXXX X0
Daily Accrual Fund: $21.00 $19.00 $17.00
Load Fund: $16.00 $14.50 $13.00
No-Load: $15.00 $13.50 $13.00
Closed Accounts: $2.50 $2.50 $2.50
* Total accounts in Fund Family-open, non-NSCC Level 3
C. Implementation Charges to the Funds*
1. Fund Implementation: $1500 per CUSIP
2. NSCC Implementation: $500 per CUSIP
3. Voice Response Setup: $500 per CUSIP
D. Implementation Charges to the Fund Family*
1. Management Co. Implementation: $2000
2. NSCC Implementation: $1500
3. Voice Response Implementation: $1000
4. (800) service: $1650
E. Activity Charges
o Telephone Calls - $1.00/minute
o Voice Response Calls - $.35/call
o E-mail Services
$200/month administration
$3.00/e-mail received
o Draft Check Processing - $3.00/draft
o AML New Account Service - $1.00/new domestic accounts and
$2.00/new foreign account
o ACH/EFT Shareholder Services:
$125.00/month/fund group
$.50/ACH item, setup, change
$5.00/correction, reversal
F. Fees Charged to Investors
Qualified Plan Fees
o $15.00/qualified plan acct (Cap at $30.00/SSN)
o $15.00/Xxxxxxxxx ESA acct (Cap at $30.00/SSN)
o $25.00/transfer to successor trustee
o $25.00/participant distribution (Excluding SWPs)
o $25.00/refund of excess contribution
Special Services Fees
o $15.00/outgoing wire transfer
o $15.00/overnight delivery
o $5.00/telephone exchange
o $25.00/return check or ACH
o $25.00/stop payment
o $5.00/research request per account (Cap at $25.00/request)
G. Optional Technology Charges
1. 12b-1 Aging - $1.50/account/year
2. Average Cost - $.36/account/year
3. File Transmissions - subject to requirements
4. Selects - $300 per select
5. ReportSource - $150/month - Web reporting
6. System Access - TALink, COLD, Image
o Setup - $1,500/concurrent connection each
o Service - $350/month each
7. Physical Certificate Shares
o Setup - $750/fund
o Issue of Certificate - $10.00/certificate transaction
8. Extraordinary services - charged as incurred
9. Development/Programming - $150/hour
H. Out-of-pocket Costs - Including but not limited to:
o Telephone toll-free lines, call transfers, etc.
o Mailing, sorting and postage
o Stationery, envelopes
o Programming, special reports
o Insurance, record retention, microfilm/fiche
o Proxies, proxy services
o Lost shareholder search
o ACH fees NSCC charges
o All other out-of-pocket expenses
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* Subject to CPI Increase, Milwaukee MSA.
** Subject to per-fund minimums
Exhibit C (continued) to Transfer Agent Servicing Agreement
CLAYMORE TRUST
PROSPECT SERVICING/LITERATURE FULFILLMENT
FEE SCHEDULE at 1/25/06
Fulfillment Services - Full Service
o Account Establishment - $200 per fund complex - one time charge
o Order Processing - $6.00/per order (US Bancorp will order kits within three
(3) business days after the week the account is established)
(Assessed for each order shipped by US Bancorp Fund Services.)
Fees exclude postage and printing charges.
All fees are billed monthly (if used) plus out-of-pocket expenses, including,
but not limited to:
o Customized reporting development
o Postage, stationery
o Programming, special reports
o Retention of records
o File transmission charges
o Legal expenses
o All other out-of-pocket expenses
Fees are billed monthly.
