EXHIBIT 3.2 SECOND AMENDED AND RESTATED OPERATING AGREEMENTOperating Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • Delaware
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Trust Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
TRUST AGREEMENTTrust Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
PARTIES -------License Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
TRUST AGREEMENTTrust Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
CONFIRMATIONIncome Distribution Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities
Contract Type FiledNovember 27th, 2006 Company Industry
SUMMARYParticipants Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Down Tradeable Trust Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Down Holding Trust Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
MACRO SECURITIES DEPOSITOR, LLC, as Depositor, INVESTORS BANK & TRUST COMPANY, as Trustee,Claymore Macroshares Oil Up Tradeable Trust Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
EXHIBIT 4.8 REFERENCE PRICE SUBLICENSING AGREEMENT THIS SUBLICENSE AGREEMENT (the "Sublicense Agreement") is entered into as of November 22, 2006 ("Effective Date"), by and among MACROMARKETS LLC, a Delaware limited liability company ("Sublicensor"),...Sublicense Agreement • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities • New York
Contract Type FiledNovember 27th, 2006 Company Industry Jurisdiction
18383G103 --------- [CUSIP Number of the Securities]Issuer Letter of Representations • November 27th, 2006 • MACRO Securities Depositor, LLC • Asset-backed securities
Contract Type FiledNovember 27th, 2006 Company Industry