Who We Are Outfitter Financial, LLC (hereinafter referred to as “Outfitter”, “the Company”, “we”, “us” and “our”) is a Maine Limited Liability Company organized in 2017 as a fee-only registered investment advisor1 offering asset management services designed to assist you, our client, achieve long-term growth and capital appreciation and/or income in your investment portfolio. Owners The following person controls Outfitter Financial, LLC: Name Title CRD# David A. Kenkel Managing Member, Chief Compliance Officer 1696748 Mission Our mission is to be a trusted advocate of your financial resources by helping you structure and implement investment strategies designed to maximize your wealth, maintain investment expectation, and minimize risk. We will work alongside you to help you define your vision, offer advice on how best to get there, and continually remind you of the importance of maintaining a disciplined investment approach to realize your investment goals. Assets Under Management As of December 31, 2023, we had $139,000,969 in discretionary assets under management and $6,635,568 in non-discretionary assets under management. What We Do We manage wealth. Our management services begin with stressing the importance of making fiscally responsible decisions and disciplined economic choices in your personal life so we can effectively help you achieve your monetary goals for today’s needs, tomorrow’s dreams, and strategy to build a lasting legacy for future generations. Our services include: Portfolio Management Our Portfolio management strategies focus on designing a portfolio allocation of primarily equity (“stock”) positions, fixed income (“bond”) instruments, Investment Company (“mutual fund”) products, exchange traded funds (“ETFs”), and third-party money managers (“Sub- Advisors”) to help achieve the best return on your investment capital. 1 The term “registered investment advisor” is not intended to imply that Outfitter Financial, LLC has attained a certain level of skill or training. It is used strictly to reference the fact that we are “registered” as a licensed “investment advisor” with the United States Securities & Exchange Commission (the “SEC”) – and “Notice Filed” with State Regulatory Agencies that have limited regulatory jurisdiction over our business practices. With the complexity of today’s marketplace, it is critical for us to understand who you are and what you want to accomplish financially. Our initial meetings with you and the information we gather help us have a clearer picture of your personal finances, investment return expectations, time horizon, and risk tolerance so that we can develop a successful investment strategy and tailored asset allocation guideline unique to your investment objectives. Our meetings with you to discuss your finances will help to eliminate much of the guesswork in achieving the security and independence you desire and simplify your financial alternatives. In return, we will have:  Defined and narrowed objectives and investment options;  Identified areas of greatest distress;  Developed a strategy for addressing concerns about the future;  Cultivated peace of mind; and,  Created a unique picture of your overall economic personality. Once your financial parameters have been identified, we will outline an asset mix suitable for your unique investment expectations and risk tolerance. This investment plan will guide us in the management of your account(s), and as a standard against which to measure future results and to make modifications where necessary. Any independent Sub-Advisor we may recommend to manage a portion of your portfolio will implement an investment strategy that correlates best with your investment parameters. Under the arrangements with Sub-Advisors, we are typically not involved in the day-to-day management of your portfolio assets. Our responsibility to both you and the Sub-Advisor we direct to manage your account will be to:  Recommend only Sub-Advisors whose investment strategies fit your management criteria and risk tolerance level, while ensuring you meet the minimum requirements of the Sub-Advisor to open a managed account;  Evaluate the Sub-Advisor’ investment returns and performance expectations;  Suggest changes in a Sub-Advisor, if necessary, as market factors and your personal goals dictate;  Handle all administrative and clerical duties as may be required by the Sub-Advisor to service your account since they will have little or no direct contact with you. Information regarding our management fee structure is disclosed under “Portfolio Management Fee” in Item 5, “Fees & Compensation” and further description of our investment strategies under Item 8, “Methods of Analysis, Investment Strategies & Risk of Loss”. There may be occasions where a high net-worth individual, foundation or an estate would need additional consulting arrangements above our normal portfolio management fees disclosed above. Such services can include, but are not limited to: advise on non-securities investment holdings (i.e., real estate, artwork, etc.) in relationship to their securities management accounts; offering advice on investments held across multiple custodial firms, including foreign investment holdings. Under these arrangements, we would offer additional advice regarding the totality of the investment holdings. The cost for this service can range from a fixed annual fee of $25,000 to $100,000 or an hourly rate ranging from $150 to $300 per hour. Fees will vary depending on the complexity of the consulting arrangements we have been hired to perform. We retain the discretion to waive or negotiate our consulting fees, which may result in a client paying different fees for similar services. Typically, these consulting services will be billed on a monthly basis as such services are completed. Fees are due upon receipt of our invoice. These consulting services can be terminated at any time. 5 FEES & COMPENSATION Portfolio Management Fee Portfolio management services are provided on an asset-based fee arrangement. The management fee will be calculated based on the aggregate market value of your portfolio account(s) on the last business day of the previous calendar quarter (i.e., March 31st, June 30th, September 30th, and December 31st) multiplied by the corresponding annual percentage rate for each portion of your portfolio assets that fall within each tier. See “Billing” below under “Protocols for Portfolio Management” for more information on how the fee is calculated. We retain discretion to waive or negotiate the management fee within each tier on a client-by- client basis depending on the size and complexity

of the portfolio managed. Therefore, you may pay higher or lower fees than other clients receiving similar services. In addition, as your portfolio value exceeds each tier level, either through additional deposits or asset growth, a fee break will occur. The tier breaks are as follows: Portfolio Value Annual Fee Rate Not to Exceed First $5,000,000 ............................................ 1.50% Next $5,000,000 ............................................ 0.75% For any portion of your account managed by a Sub-Advisor, this management fee schedule and the “Protocols for Portfolio Management” listed below may not apply. Prior to engaging a Sub-Advisor to manage your assets, you will be required to execute our Sub- Advisory Acknowledgment Form, which, among other things, allows:  The Sub-Advisor to have day-to-day responsibility for the active discretionary management of your assets;  Management fees to be deducted from your account(s) in accordance with Outfitter’s fee schedule above or the Sub-Advisor’s fee schedule; and  Management fees to be shared between Outfitter and the Sub-Advisor (This fee-sharing arrangement will not result in you paying a higher management fee than what is disclosed in the Sub-Advisor Acknowledgment Form). The Sub-Advisor used to manage your account(s) will disclose their fee schedule for management services in their Disclosure Brochures (the Sub-Advisor’s ADV Part 2A: Firm Brochure), which we will provide you prior to when, or at the same time as, you execute the Sub-Advisor Acknowledgment Form. The Sub-Advisor’s Disclosure Brochure contains all pertinent disclosures relating to their management services, the fee structure for such services, and termination provisions – you are encouraged to carefully review their document. Protocols for Portfolio Management The following protocols establish how we handle our portfolio management accounts and what you should expect when it comes to: (i) managing your account; (ii) billing for portfolio management services; (iii) other fees charged to your account(s); and (iv) termination. Discretion We will establish discretionary trading authority on all management accounts to execute securities transactions without your prior consent or advice. You may, at any time however, impose restrictions, in writing, on our discretionary authority (i.e., limit the types/amounts of particular securities purchased for your account, etc.). Billing Your account will be billed quarterly in advance based on the aggregate fair market value of your portfolio on the last business day of the previous calendar quarter and where it falls within our tiered fee schedule. For new managed accounts opened between billing periods, the initial fee will be billed in arrears based on (i) the number of days that services were provided during the first billing period; and (ii) the portfolio’s aggregate fair market value at the end of the first billing period. For existing management accounts, pro-rated adjustments will not be made for deposits and withdrawals between billing cycles. Our advisory fees will be debited from your portfolio quarterly by the custodian as instructed by us. Advisory fees will be deducted first from any money market funds or cash balances. If such assets are insufficient to satisfy payment of such fees, a portion of the account assets will be liquidated to cover the fees. We consider cash to be an asset class and will allocate a portion of your assets among various cash and/or cash equivalent positions for liquidity management, defensive, or other purposes. Therefore, we will include cash and cash equivalents as part of the aggregate fair market value of your portfolio when calculating our portfolio management fee. When assets are invested in cash and/or cash equivalents, our portfolio management fee could exceed the current yield on such cash positions. Fee Exclusions The above fees for all of our portfolio management services are exclusive of any charges imposed by the custodial firm who has custody of your account; including, but not limited to: (i) any Exchange/SEC fees; (ii) certain transfer taxes; (iii) service or account charges, such as, postage/handling fees, electronic fund and wire transfer fees, auction fees, debit balances, margin interest, certain odd-lot differentials and mutual fund short-term redemption fees; and (iv) brokerage and execution costs associated with securities held in your managed account. There can also be other fees charged to your account that are unaffiliated with our management services. In addition, all fees paid to us for portfolio management services are separate from any fees and expenses charged on mutual fund shares by the Investment Company or by the investment advisor managing the mutual fund portfolios. These expenses generally include management fees and various fund expense, such as 12b-1 fees. Redemption fees, account fees, purchase fees, and other charges may occur but are the exception within managed accounts at institutional custodians. A complete explanation of these expenses charged by the mutual funds/ETFs is contained in each mutual fund’s or ETF’s prospectus. You are encouraged to carefully read the fund prospectus. For more information on the custodial firm that we will recommend to custody your portfolio accounts, see Item 12, “Brokerage Practices”. Termination of Portfolio Management Services You may terminate the Investment Advisory Agreement within 5 business days of entering into the agreement without penalty. Thereafter, to terminate our Portfolio Management services, either party (you or us), by written notification to the other party, may terminate the Investment Advisory Agreement at any time. Such written notification should include the date the termination will go into effect along with any final instructions on the account (e.g., liquidate the account, finalize all transactions and/or cease all investment activity). In the event termination does not fall on the last day of the calendar quarter, you shall be entitled to a pro-rated refund of the prepaid quarterly advisory fee based upon the number of days remaining in the quarter after the termination notice goes into effect. Once the termination of investment advisory services has been implemented, neither party has any obligation to the other – we no longer earn management fees or give investment advice and you become responsible for making your own investment decisions. IT EM 6 PERFORMANCE-BASED FEES & SIDE-BY-SIDE MANAGEMENT We do not charge fees based on a share of capital gains or the capital appreciation of the assets held in your accounts. IT EM 7