13D Filing: Saba Capital and Clough Global Opportunities Fund (GLO)

any merger, consolidation,
business combination or acquisition or disposition of assets of the Trust, or (ii) recapitalization, restructuring,
open-ending, liquidation, dissolution or other similar extraordinary transaction with respect to the Trust (it being
understood that the foregoing shall not restrict any person from tendering common shares, receiving payment for common shares
or otherwise participating in any such transaction on the same basis as other shareholders of the Trust or from participating
in any such transaction that has been approved by the Trust Board, subject to the terms of this Agreement);

(iv)

engage, directly or indirectly, in any short sale that includes, relates to or derives more than 5% of its value from a decline in the market price or value of the securities issued by the Trust;

(b)

form, join or in any way participate in any “group” (within the meaning of Section 13(d)(3) of the Exchange Act) (other than the existing group) with respect to the securities of the Trust;

(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,