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DISCLAIMER

BY ACCESSING THIS WEBSITE AND ANY PAGES IN IT, YOU AGREE TO BE BOUND BY THE FOLLOWING TERMS AND CONDITIONS. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT ACCESS, VIEW, OR USE THIS WEBSITE.

This website and any pages in it (the “Website”) have been published in the United States by Karani Asset Management LLC (“Karani”), an SEC registered investment adviser. Registration does not imply any specific level or skill or training. Karani may only transact business in those states in which it is registered/notice filed, or qualifies for an exemption or exclusion from registration/notice filing requirements. For information pertaining to the registration/notice filing status of Karani, please contact us or refer to the Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov). Use of the Website is solely at your risk. The Website is limited to the dissemination of general information regarding Karani’s investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law.

The Website is not a complete description of Karani, our investment advisory services, or our performance. Nothing herein should be construed as a solicitation or offer to sell or buy securities, a recommendation to engage in a particular investment, tax, or legal strategy, or the provision of personalized investment, tax, or legal services. The materials herein are for informational purposes only and are not investment, financial, legal, tax or other advice, recommendation, or research tailored to the needs of any specific current or prospective client. Further, the information resulting from the use of tools or other information made available on the Website should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, individual advice from Karani.

All statements and opinions included on the Website are subject to change as economic and market conditions dictate and do not necessarily represent the current views of Karani. Any projections, examples, or analyses in communications on the Website may be based on subjective assessments and assumptions and may use alternative methodologies that produce different results depending upon the methodology used. Projections, examples, or analyses should not be viewed as factual and should not be relied upon as an accurate prediction of future results. There can be no assurance that any views, outlooks, projections or forward-looking statements included herein will come to pass. In addition, the Website may contain performance and other data. Investing involves risk, including the potential loss of principal, and the performance of any particular investment strategy or product cannot be guaranteed. It should not be assumed that the future results of any specific investment or investment strategy (including any investment or investment strategy discussed on the Website) will be profitable or equal performance or other data portrayed herein. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE.

Information and content throughout the Website, whether stock quotes, charts, articles, or communications regarding market or other financial information is provided by Karani or obtained from third-party sources that Karani believes to be reliable. Karani and third-party providers of information do not warrant that the content is accurate, reliable or correct; that information will be updated; that the Website will be available at any particular time or location; that any defects or errors will be corrected; that unauthorized access to or misappropriation of the content will not occur; or that the content is free of viruses or other harmful components.

The Website may contain links to other internet websites of third-parties. Karani has no control over the organizations that maintain the websites or the information, products or services these organizations provide.

Karani makes no representation about, and assumes no responsibility for, the content, accuracy, completeness, timeliness, suitability or legality of the content of any such websites, or for any products or services that might be offered therein. Karani does not recommend or endorse these organizations or their products or services.

The content of the Website is owned by Karani, its suppliers or third parties and is protected by intellectual property rights, including copyrights, with all rights reserved. No permission is granted to copy, distribute, modify, post or frame any text, content, graphics, video, audio, software code, or user interface design or logos. The information contained on the Website shall not be published, rewritten for broadcast or publication or redistributed in any medium without prior written permission from Karani.

Users of the Website are responsible for hardware and software used to access the Website and for protecting the confidentiality of any passwords.

When you create an account to access the members- only contents of the Website, you agree to be contacted by us. The Website may permit you to communicate electronically with Karani for certain purposes, but you may not use the Website to attempt notice of any request or instruction.

THERE ARE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO ACCURACY, TIMELINESS, COMPLETENESS, SUITABILITY OR RESULTS OBTAINED FOR ANY INFORMATION POSTED ON THIS OR ANY LINKED WEBSITE.

February 2023

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