ProFocus Incorporated is an investment advisor firm registered with the U.S. Securities and Exchange Commission, since May 2022. Previously, ProFocus Incorporated was registered with the Arizona securities regulators, since August 1997, and the Virginia securities regulators, since May 2018. The principal owner of ProFocus Incorporated is Michael M. Smith, Member. Advisory Services ProFocus Incorporated’s (“ProFocus” or “Advisor”) principal service is providing fee-based investment advisory services and financial planning services. The Advisor practices custom management of portfolios, on a discretionary basis, according to the client’s objectives. The Advisor’s primary approach is to use a tactical allocation strategy aimed at reducing risk and increasing performance. The Advisor may use exchange listed securities (especially dividend paying stocks), exchange traded master limited partnerships, ETFs, foreign securities (ADRs), corporate debt securities, commercial paper, municipal securities, and United States government securities to accomplish this objective. The Advisor may recommend, on occasion, redistributing investment allocations to diversify the portfolio in an effort to reduce risk and increase performance. The Advisor may recommend specific stocks to increase sector weighting and/or dividend potential. The Advisor may recommend employing cash positions as a possible hedge against market movement which may adversely affect the portfolio. The Advisor may recommend selling positions for reasons that include, but are not limited to, harvesting capital

gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position(s) in the portfolio, change in risk tolerance of client, or any risk deemed unacceptable for the client’s risk tolerance. Financial Planning and Business Management Services In addition to investment supervisory services, ProFocus provides Financial Planning and Business Management Services to some of its clients. The Advisor’s Financial Planning services may include recommendations for portfolio customization based on their client’s investment objectives, goals and financial situation. Financial Planning Services may also include recommendations relating to investment strategies as well as tailored investment advice. Business Management Services may include strategic advice on how to position companies for growth, investment advice, real estate transaction consulting, general insurance advice, and the development of strategic plans. ProFocus will tailor its advisory services to its client’s individual needs based on meetings and conversations with the client. If clients wish to impose certain restrictions on investing in certain securities or types of securities, the Advisor will address those restrictions with the client to have a clear understanding of the client’s requirements. ProFocus does not provide portfolio management services to wrap fee programs. ProFocus manages client assets and as of December 31, 2022 had $114,000,000 in discretionary, and $0 in non-discretionary, client assets under management. ProFocus Incorporated Page 5