UNDERWRITING AGREEMENTUnderwriting Agreement • July 26th, 2007 • Claymore/Guggenheim Strategic Opportunities Fund • New York
Claymore/Guggenheim Strategic Opportunities Fund, a Delaware statutory trust (the “Fund”), Claymore Advisors, LLC, a Delaware limited liability company (the “Adviser”) and Guggenheim Partners Asset Management, Inc., a Delaware corporation (the “Sub-Adviser” and together with the Adviser, the “Advisers”) confirm their respective agreements with Wachovia Capital Markets, LLC (“Wachovia”) and each of the other Underwriters named in Exhibit A hereto (collectively, the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 10 hereof), for whom Wachovia and Raymond James & Associates, Inc. are acting as representatives (in such capacity, the “Representatives”), with respect to the issue and sale by the Fund of a total of common shares of beneficial interest, par value $.01 per share (the “Initial Securities”), and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of Initial Securities set forth
