Firm Description White Pine Investment Company (“WPIC,” “us”, “our,” or “we”) is a Michigan Corporation founded in 1997. WPIC provides our clients with continuous and regular investment management services which includes financial planning as explained in more detail below. In providing these services, WPIC acts in the capacity of a fiduciary and, as such, is obligated to place the interests of our clients first at all times. WPIC is strictly a fee-only investment management firm. The firm is not affiliated with entities that sell financial products or securities. No commissions or finders’ fees in any form are accepted for financial planning and investment management. The initial meeting, which may be by telephone, is free of charge and is considered an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to the client. Principal Owners We must inform you of any persons owning twenty-five percent (25%) or more of our firm’s outstanding stock. J. Russell King and Anthony J. DiGiovanni own more than twenty-five percent (25%) of our firm’s stock. Investment Management Services WPIC will discuss and provide advice through consultation with the client which may include: determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, investment management, education funding and retirement planning. A written evaluation of each client's initial situation is provided to the client, often in the form of a Financial Plan Review. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not necessarily communicated to the client unless immediate changes are recommended. WPIC will recommend an investment strategy that we believe may help our client’s meet their identified financial needs and objectives. Depending on the client’s needs, objectives, and circumstances, the investment strategy may take into consideration various components such as: net worth; current portfolio allocation; goals and objectives; probability of achieving goals;

retirement planning; an income tax summary; education funding; savings projections; and other financial matters specific to the client. We rely upon the information the client provides and will not verify this information when preparing our recommendations. We rely on clients to inform us if their goals and objectives change over time, as these changes might affect our provision of investment management and financial planning services. WPIC suggestions are made and implemented on an ongoing basis, for example: 1. A client’s review with WPIC results in a goal to plan for future education costs. After this goal has been met another review would take place to assess current goals. 2. An initial client’s review with WPIC results in plans for retirement. After the client retires, another review takes place to assess current goals. When WPIC provides our services to “related” parties (i.e. husband and wife, parent and child, etc.), our services will be based upon the joint goals communicated to us. We will be permitted to rely upon instructions from either party with respect to the services requested, unless and until such reliance is revoked in writing and provided to us. We will not be responsible for any claims or damages resulting from such reliance or from any change in the status of the relationship between the clients. We cannot and will not treat information provided by either party as confidential from the other related party. Tailored Relationships The goals and objectives for each client are documented in our client relationship management system. Financial plans are created that reflect the stated goals and objective. WPIC performs our investment management service pursuant to the terms and conditions we establish in our written investment management agreement at the beginning of our relationship with the client. As described in further detail below in “ITEM 16: INVESTMENT DISCRETION” WPIC manages client accounts on a discretionary basis; however, clients may place reasonable restrictions on investing in certain securities or types of securities. Assets Under Management As of 12/31/2022, WPIC managed on a discretionary basis, $347,445,967 in client assets.