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13D Filing: Saba Capital and Clough Global Equity Fund (GLQ)

Published on July 11, 2017 at 10:47 am by Insider Monkey Staff in Hedge Funds

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Page 11 of 22 – SEC Filing

(c)

deposit any securities of the Trust in any voting trust or subject any securities of the Trust
to any arrangement or agreement with respect to the voting of the securities of the Trust, including, without limitation, lend
any securities of the Trust to any person or entity for the purpose of allowing such person or entity to vote such securities in
connection with any shareholder vote or consent of the Trust, other than any such voting trust, arrangement or agreement solely
among the members of Saba and the Saba Entities;

(d)

seek or encourage, alone or in concert with others, any person to submit nominations in furtherance
of a “contested solicitation” for the election or removal of trustees with respect to the Trust;

(e)

seek or encourage, alone or in concert with others, the removal or resignation of any member of
the Trust Board;

(f)

make any proposal for consideration by the shareholders of the Trust at any annual or special meeting
of shareholders of the Trust or take any action (other than to vote in accordance with Section 2.1 and Section 2.2)
with respect to any shareholder proposal submitted prior to the date of this Agreement;

(g)

conduct a referendum of shareholders of the Trust, or make a request for a shareholder list or
other books and records of the Trust;

(h)

seek, alone or in concert with others, representation on the Board of the Trust;

(i)

seek to control or influence the management, Board or policies of the Trust;

(j)

institute, solicit, assist or join any litigation, arbitration or other proceeding against or involving
the Trust or any of its current or former trustees or officers (including derivative actions); provided, however, that for
the avoidance of doubt the foregoing shall not prevent Saba from (A) bringing litigation to enforce the provisions of this Agreement,
(B) making counterclaims with respect to any proceeding initiated by, or on behalf
of, the Trust against Saba, or (C) responding to or complying with a validly initiated legal process;

(k)

make any public statement or proposal with respect to (i) any change in the number or term of trustees
or the filling of any vacancies on the Trust Board, (ii) any change in the capitalization or distribution policy of the Trust,
(iii) any other material change in the Trust’s management, business, policies or trust structure, or (iv) any waiver, amendment
or modification to the Agreement and Declaration of Trust or By-Laws of the Trust;

(l)

publicly or privately disclose any intention, plan or arrangement inconsistent with the foregoing;

(m)

except
as specifically contemplated by this Agreement, enter into any discussions, negotiations, arrangements or understandings with
any person with respect to any of the foregoing, or advise, assist, encourage or seek to persuade others to take any action with
respect to any of the foregoing; or

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NYSEMKT:GLQ Saba Capital SEC 13D Filing Clough Global Equity Fund (GLQ)