Orser Capital Management LLC

FEES AND COMPENSATION (Item 5)

    The Firm charges an annual investment advisory fee of up to 1.00% of assets under
    management. The fee is negotiable, is determined at the time the client signs the
    investment advisory agreement, and is based on the complexity of each client’s individual
    situation. Portfolios generally are aggregated by family and are calculated on a cumulative
    basis.

    Normally, investment advisory fees are billed quarterly in arrears at the rate of one fourth
    of the annual rate shown above and may be deducted from clients’ accounts. Fees are

                                                             Part 2A of Form ADV: Firm Brochure
                                                                   Orser Capital Management LLC
                                                                                   February 2026

    calculated based on the portfolio valuation as determined by the account custodian at the
    close of market on the last business day of each quarter.

    To the extent that client assets are invested in mutual and money market funds, those
    funds charge an internal management fee which is fully disclosed in each fund’s
    prospectus and is in addition to the fee OCM charges for managing the account. The
    custodian OCM recommends to clients may charge a transaction fee to purchase or sell
    mutual fund shares. This fee is charged for the convenience of trading across multiple
    mutual fund families with one brokerage account and would not be assessed if the client
    were to open accounts directly with each mutual fund company.

    Termination

    Either the client or OCM may terminate the investment advisory relationship at any time
    upon receipt of written instruction to that effect. Clients may also terminate the Investment
    Advisory Agreement by the Client(s) removal of Advisor(s) access to Client(s) accounts or
    by transferring Client(s) account(s) to another custodian. Otherwise, if the agreement is
    terminated during a quarter, the client will be charged fees due on a pro-rated basis,
    calculating the market value as of the close of the prior trading day or, if that is not
    available, as of the close of the prior month.

PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT (Item 6)

    OCM does not charge any performance-based fees or engage in side-by-side
    management.

TYPES OF CLIENTS (Item 7)

    OCM provides investment advisory services to:

       •   Individuals
       •   High net worth individuals
       •   Pension and profit sharing plans

    The Firm has a preferred minimum account size of $50,000.

METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS