Common use of Limitation of Liability of Trustees and Shareholders Clause in Contracts

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: Chairman and President Date: July 24, 2012 PARNASSUS FUNDS By: /s/ Xxxx X. Xxxxx Name: Xxxx X. Xxxxx Title: Treasurer Date: July 24, 2012 By: /s/ Xxxxxxx X. Xxxxxxxxx Name: Xxxxxxx X. Xxxxxxxxx Title: Secretary Date: July 24, 2012

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: Chairman and President Date: July 24Xxxxx 0, 2012 PARNASSUS 0000 XXXXXXXXX FUNDS By: /s/ Xxxx X. Xxxxx Name: Xxxx X. Xxxxx Title: Treasurer Date: July 24April 9, 2012 2009 By: /s/ Xxxxxxx X. Xxxxxxxxx Name: Xxxxxxx X. Xxxxxxxxx Title: Secretary Date: July 24April 9, 20122009

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Jxxxxx X. Xxxxxx Name: Xxxxxx Jxxxxx X. Xxxxxx Title: Chairman and President Date: July 24June 12, 2012 2015 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24June 12, 2012 2015 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24June 12, 20122015

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Title: Chairman President and President CEO Date: July 24October 29, 2012 2020 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24October 29, 2012 2020 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24October 29, 20122020

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: Chairman and President Date: July 24May 28, 2012 2013 PARNASSUS FUNDS By: /s/ Xxxx X. Xxxxx Name: Xxxx X. Xxxxx Title: Treasurer Date: July 24May 28, 2012 2013 By: /s/ Xxxxxxx X. Xxxxxxxxx Name: Xxxxxxx X. Xxxxxxxxx Title: Secretary Date: July 24May 28, 20122013

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Jxxxxx X. Xxxxxx Name: Xxxxxx Jxxxxx X. Xxxxxx Title: Chairman and President Date: July 24October 31, 2012 2016 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24October 31, 2012 2016 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24October 31, 20122016

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Title: Chairman President and President CEO Date: July 24October 17, 2012 2018 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24October 17, 2012 2018 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24October 17, 20122018

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Jxxxxx X. Xxxxxx Name: Xxxxxx Jxxxxx X. Xxxxxx Title: Chairman and President Date: July 24September 13, 2012 2017 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24September 13, 2012 2017 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24September 13, 20122017

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Title: Chairman President and President CEO Date: July 24January 3, 2012 2022 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24January 3, 2012 2022 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24January 3, 20122022

Limitation of Liability of Trustees and Shareholders. A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds. PARNASSUS INVESTMENTS By: /s/ Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxx Bxxxxxxx X. Xxxxxx Xxxxx Title: Chairman President and President CEO Date: July 24September 27, 2012 2019 PARNASSUS FUNDS By: /s/ Xxxx Mxxx X. Xxxxx Name: Xxxx Mxxx X. Xxxxx Title: Treasurer Date: July 24September 27, 2012 2019 By: /s/ Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Name: Xxxxxxx Jxxx X. Xxxxxxxxx Xxxxxxxx XX Title: Secretary Date: July 24September 27, 20122019