Equitas Capital Advisors, LLC ("the Advisor", the "firm", "we" or "us") is an independent New Orleans, Louisiana based investment advisory firm. We provide a broad variety of investment management consulting services to a range of clients on a continuous basis. The firm has been in business since September 2002. David S. Thomas, Jr. is the Chief Executive Officer and 100% owner of the firm. Investment Advisory Services Our investment advisory services are driven by and coordinated to meet each client’s specific financial goals. Our clients include high net worth individuals, corporate pension and profit-sharing plans, charitable institutions, foundations, endowments, public funds, trusts, estates, Taft-Hartley Funds, family offices and corporations. Our consulting services include:  Investment Policy Statement  Asset Allocation Studies  Investment Manager Search and Selection  Performance Review and Evaluation  Investment Manager Style Analysis  401(k) Consulting  Alternative Assets Consulting  Financial Planning  Custody Review  Fiduciary Education  Fee Negotiations  Active Asset Allocation We work closely with our clients to analyze and define each client’s individual investment objectives and needs. We tailor our advice and services to each client’s particular objectives. Generally, we do not have discretionary authority over our clients’ funds, although in some cases we provide services on a discretionary basis. For the most part, we do not engage in the purchase or sale of individual securities for a client’s account. All securities transactions are conducted in the client’s account either through (1) separately managed accounts, (2) wrap-fee accounts, (3) mutual fund shares, (4) limited partnership interests or (5) private equity interests. In each instance, a third-party professional investment advisor is retained to manage the client’s assets. We generally make no investment decisions regarding the investment in specific securities in a client’s account. The firm sponsors a managed account wrap-fee program ("MAP"), through which we assist our clients in selecting independent portfolio managers to manage their assets. We work closely with each client to analyze and define the client’s investment objectives, financial goals, time horizons, and risk tolerance, and then recommend one or more portfolio managers based upon the particular investment strategies they offer. The platform of managers includes approximately 720 professionally-managed investment products. The portfolio manager(s) exercise discretionary authority over the client’s funds in order to achieve the client’s investment objectives, consistent with the investment strategy chosen by the client. MAP is not recommended for clients who wish to impose restrictions on investing in certain securities or types of securities. As part of our investment advisory services, we may use one or more sub-advisers

to manage a portion of your account on a discretionary basis and/or to render investment advice to you. We will regularly monitor the performance of your accounts managed by sub-adviser(s), and may hire and fire any sub-adviser without your prior approval. We currently utilize Wealthharbor Capital Group, LLC (“Wealthharbor”) as a sub-advisor and Wealthharbor may also utilize our firm as sub-advisor for its clients. We also process compensation for associated persons of Wealthharbor in the form payment for benefits and/or salary. You will not pay our firm a higher advisory fee as a result of any sub- advisory relationships. All clients who participate in MAP establish and maintain an account at Pershing Advisor Solutions, LLC ("PAS"), a broker-dealer and a division of the Bank of New York, and pay PAS a single "wrap fee" that covers all transaction, clearing and settlement, and custody expenses. MAP provides a cost effective alternative to paying separately for money management services, trading costs, brokerage fees, investment counseling, and ongoing account administration. This fee is generally .70% to 2.15% of the value of Client’s assets in the MAP program (the fee varies based on the size of the account), payable quarterly in advance. PAS pays a portion of the wrap fee (.05% to 1 %) to the Advisor for its services, however any fees we receive through this program are used to offset, on a dollar-for-dollar basis, the particular client’s consulting fees due to the Advisor. To the extent the offset is greater than the consulting fee invoiced, the Advisor rolls over that balance (the "Credit Balance") on a quarterly basis until the end of the year – at which point the balance reverts to zero and the Advisor retains any unused Credit Balance. Therefore, in situations where clients maintain a Credit Balance at the end of the year, the Advisor receives additional compensation from MAP. As of December 31, 2023, we provide continuous management services for $98,696,728 in client assets on a discretionary basis, and $118,427,849 in client assets on a non-discretionary basis. Equitas Evergreen Fund, L.P We serve as the investment adviser to the Equitas Evergreen Fund, L.P. a private pooled investment vehicle. The objective of Equitas Evergreen Fund, L.P. (the “Fund”) is to achieve capital appreciation through investments in other private funds. The Partnership invests primarily in a limited number of private investment partnerships managed by a select group of non-traditional, performance-oriented hedge fund managers employing a variety of hedged and other investment strategies. The Fund is offered only by private placement memorandum and other offering documents to investors meeting certain sophistication and financial requirements. Investors and prospective investors should refer to the offering documents of the Fund for a detailed description of the risks, investment objectives, fees and other relevant information.