0001104659-10-010347 Sample Contracts

INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • February 26th, 2010 • Fiduciary/Claymore MLP Opportunity Fund • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  February 26th, 2010
• Company
  Fiduciary/Claymore MLP Opportunity Fund
• Jurisdiction
  Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of February 2, 2010, between Fiduciary/Claymore MLP Opportunity Fund, a Delaware statutory trust (the “Trust”), and Claymore Advisors, LLC, a Delaware limited liability company (the “Adviser”).

INVESTMENT SUB-ADVISORY AGREEMENT

Investment Sub-Advisory Agreement • February 26th, 2010 • Fiduciary/Claymore MLP Opportunity Fund • Delaware

• Contract Type
  Investment Sub-Advisory Agreement
• Filed
  February 26th, 2010
• Company
  Fiduciary/Claymore MLP Opportunity Fund
• Jurisdiction
  Delaware

THIS INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) dated as of February 2, 2010, among Fiduciary/Claymore MLP Opportunity Fund, a Delaware statutory trust (the “Trust”), Claymore Advisors, LLC, a Delaware limited liability company (the “Investment Adviser”), and Fiduciary Asset Management, LLC, a Missouri limited liability company (the “Investment Sub-Adviser”).

AMENDMENT AGREEMENT

Amendment Agreement • February 26th, 2010 • Fiduciary/Claymore MLP Opportunity Fund • New York

• Contract Type
  Amendment Agreement
• Filed
  February 26th, 2010
• Company
  Fiduciary/Claymore MLP Opportunity Fund
• Jurisdiction
  New York

AMENDMENT AGREEMENT (“Amendment”) dated as of January 22, 2010 to the Committed Facility Agreement dated September 26, 2008 between BNP Paribas Prime Brokerage, Inc. (“BNPP PB, Inc.”) and Fiduciary/Claymore MLP Opportunity Fund (“Customer”).