0001193125-18-139661 Sample Contracts

CLAYTON STREET TRUST INVESTMENT ADVISORY AGREEMENT PROTECTIVE LIFE DYNAMIC ALLOCATION SERIES- CONSERVATIVE PORTFOLIO
Investment Advisory Agreement • April 30th, 2018 • Clayton Street Trust • Colorado

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made May 30, 2017 between CLAYTON STREET TRUST, a Delaware statutory trust (the “Trust”), and JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (“JCM”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • April 30th, 2018 • Clayton Street Trust

THIS DISTRIBUTION AGREEMENT (the “Agreement”) is made May 30, 2017, by and between Clayton Street Trust, a statutory trust organized and existing under the laws of the State of Delaware, (hereinafter called “CST” or the “Trust”) on behalf of each of its portfolios, whether now existing or hereafter created (each a “Portfolio”), and Janus Distributors LLC, a limited liability company organized and existing under the laws of the State of Delaware (hereinafter called the “Distributor” or “Janus Distributors”). This Agreement applies to the Shares (the “Shares”) of each Portfolio of CST, whether now existing or hereafter created.

CUSTODIAN CONTRACT
Custodian Contract • April 30th, 2018 • Clayton Street Trust • New York

This Custodian Contract dated as of March 28, 2018, is by and between Clayton Street Trust, a statutory trust organized and existing under the laws of Delaware, having its principal place of business at 151 Detroit Street, Denver, Colorado 80206-9916, hereinafter called the “Fund,” and BNP Paribas, acting through its New York branch, duly organized under the laws of France and licensed by the New York State Department of Financial Services, and having its principal place of business in New York at 787 Seventh Avenue, New York, New York 10019 (the “Custodian”).

Expense Limitation Agreement
Expense Limitation Agreement • April 30th, 2018 • Clayton Street Trust
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