INVESTMENT ADVISORY AGREEMENT CLAYMORE/ZACKS MULTI-CAP OPPORTUNITIES FUND THIS INVESTMENT ADVISORY AGREEMENT (the "Agreement"), dated as of September 29, 2005, between Claymore/Zacks Multi-Cap Opportunities Fund (the "Fund"), a series of Claymore...Investment Advisory Agreement • November 21st, 2005 • Claymore Trust • Delaware
EXPENSE REIMBURSEMENT AGREEMENT EXPENSE REIMBURSEMENT AGREEMENT (the "Agreement"), dated as of September 29, 2005 by and among Claymore Trust (the "Trust"), on behalf of the Claymore/Zacks Multi-Cap Opportunities Fund series of the Trust (the "Fund"),...Expense Reimbursement Agreement • November 21st, 2005 • Claymore Trust
INVESTMENT SUB-ADVISORY AGREEMENT CLAYMORE/ZACKS MULTI-CAP OPPORTUNITIES FUND THIS INVESTMENT SUB-ADVISORY AGREEMENT (the "Agreement") dated as of September 29, 2005, among Claymore/Zacks Multi-Cap Opportunities Fund, (the "Fund") a series of Claymore...Sub-Advisory Agreement • November 21st, 2005 • Claymore Trust • Delaware
