SECURITIES PRODUCTS
None of the information contained in this web site constitutes a recommendation, solicitation or offer by Klaren Capital or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. The information contained in this web site has been prepared without reference to any particular user's investment requirements or financial situation. Certain transactions give rise to substantial risk and are not suitable for all investors. Prior to the execution of any transaction by you involving information you received from this web site, you should consult your business advisor, attorney and tax and accounting advisors with respect to the price, suitability, value, risk or other aspects of any stock, mutual fund, security or other investment. Pricing and other information generated through the use of data or services made available herein may not reflect actual prices or values that would be available in the market at the time provided or at the time that the user may want to purchase or sell a particular security or other instrument. The information and services provided on this web site are not provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where Klaren Capital is not authorized to provide such information or services. Some products and services described in this web site may not be available in all jurisdictions or to all clients.

MORTGAGE MARKET VOLATILITY
Neither Klaren Capital nor nor its affiliates are liable for changes in the market that change buyer/seller conditions.

NO REPRESENTATIONS OR WARRANTIES; LIMITATIONS ON LIABILITY
The information and materials on the Web Site could include technical inaccuracies or typographical errors. Changes are periodically made to the information contained herein. Klaren Capital MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO ANY INFORMATION, MATERIALS OR GRAPHICS ON THE WEB SITE, ALL OF WHICH IS PROVIDED ON A STRICTLY "AS IS" BASIS, WITHOUT WARRANTY OF ANY KIND AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES WITH REGARD TO ANY INFORMATION, MATERIALS OR GRAPHICS ON THE WEB SITE, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. UNDER NO CIRCUMSTANCES SHALL THE SITE OWNER OR PUBLISHER BE LIABLE UNDER ANY THEORY OF RECOVERY, AT LAW OR IN EQUITY, FOR ANY DAMAGES, INCLUDING WITHOUT LIMITATION, SPECIAL, DIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO LOSS OF USE OR LOST PROFITS), ARISING OUT OF OR IN ANY MANNER CONNECTED WITH THE USE OF INFORMATION OR SERVICES, OR THE FAILURE TO PROVIDE INFORMATION OR SERVICES, FROM THE WEB SITE.

REGULATORY DISCLOSURES
Klaren Capital, LLC is a registered investment adviser under the jurisdiction of the State of Virginia with its principal place of business located in Waynesboro, VA. Klaren Capital is in compliance with the current notice filing requirements imposed upon State of Virginia registered investment advisers by those states in which Klaren Capital maintains clients. Klaren Capital may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements.

This Web site is limited to the dissemination of general information pertaining to Klaren Capital's investment advisory/management services. Any subsequent, direct communication by Klaren Capital with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Klaren Capital, please contact Klaren Capital or refer to the Investment Adviser Public Disclosure web site www.adviserinfo.sec.gov.

For additional information about Klaren Capital including fees, services provided, or to receive a copy of our Form ADV, please contact us. Please read the disclosure statement carefully before you invest or send money.

Custody and clearing services are provided by TD Ameritrade Institutional, LLC and Interactive Brokers, LLC Members NYSE/SIPC.

USA PATRIOT ACT NOTICE
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT OR ESTABLISHING A NEW CUSTOMER RELATIONSHIP

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each individual or institution that opens an account or establishes a customer relationship with Klaren Capital.

What this means: If you enter into a new customer relationship with Klaren Capital, the Firm will ask for your name, address, date of birth (as applicable) and other identification information. This information will be used to verify your identity. As appropriate, the Firm may, in its discretion, ask for additional documentation or information. If all required documentation or information is not provided, Klaren Capital may be unable to open an account at its custodian, Fidelity Investments, or establish a relationship with you.

LEGAL DISCLAIMERS
Depending on your specific investment objectives and financial position, the investments discussed or recommended in this Web site may or may not be suitable for you. It is up to you to weigh any decision carefully. Past performance is not necessarily a guide to future performance and is no guarantee of future results. Income from investments may fluctuate. The price or value of any investment identified directly or indirectly in this Web site may fall or rise against your interests and the interests of other investors.

Opinions, where and when expressed, are subject to change without notice. Information was obtained from sources considered reliable, but no representation is made as to its accuracy.

INVESTMENT ADVISOR'S ACT OF 1940
Unlike a broker/dealer, we are regulated by the Investment Advisor's Act of 1940. This means we have a fiduciary responsibility to our clients, and must always act on behalf of our clients and their best interest.