A. Quantum Capital Advisors, LLC (the “Registrant”) is a limited liability company formed on March 5, 2007 in the state of Delaware. The Registrant became registered as an Investment Adviser Firm in July 2012. The Registrant is principally owned by John J. Hughes. John J. Hughes is the Registrant’s Managing Member. Giridhar Reddy is a member of the Registrant. B. INVESTMENT MANAGEMENT SERVICES The Registrant provides discretionary investment advisory services on a fee-only basis, primarily to institutions, endowments and family offices relative to their investment in the QSV SMid-Cap Equity™ strategy. The QSV SMid-Cap EquityTM Strategy (“QSCE”) is a focused domestic equity strategy. QSCE’s managers invest in small and mid-capitalization companies. The strategy is designed to complement an overall asset allocation construct and generate excess returns over complete market cycles. The Registrant’s annual investment management fee is based upon a percentage (%) of the market value of the assets placed under the Registrant’s management. IMPLEMENTATION THROUGH AN AFFILIATED INVESTMENT ADVISER Other than providing discretionary investment management services to certain clients relative to their investment in the QSCE Strategy and services rendered to the affiliated private fund, the Registrant generally does not provide investment supervisory, investment management, investment reporting, or investment implementation services. Rather, in the event that individuals and/or institutions desire to implement investment advisory services on a fee-only basis, the Registrant may recommend Quantum Capital Management, LLC (SEC No. 801-57840) an affiliated SEC registered investment adviser firm, to provide investment advisory services (See Item 10.C below). General Partner of The Quantum Strategic Value Fund, LP The Registrant serves as the General Partner of, and provides discretionary investment management services to, The Quantum Strategic Value Fund, LP (the “affiliated private fund”). The affiliated private fund is offered to qualified investors in accordance with the terms and conditions of the affiliated private fund’s offering documents. The Registrant makes the affiliated private fund available to investors through introductions from such investor’s investment adviser. As such, other than confirming that the prospective investor qualifies for either of the affiliated private fund per the responses set forth on the affiliated private fund subscription documents, the individual’s investment advisor (not the Registrant) maintains initial and ongoing responsibility to counsel its investor client as to the suitability of the affiliated private fund and any of its underlying investment strategies. MISCELLANEOUS No Financial Planning or Non-Investment Consulting/Implementation Services. The Registrant does not provide financial planning and related consulting services regarding non-investment related matters, such as estate planning, tax planning, insurance, etc. The Registrant does not serve as an attorney, accountant, or insurance agency, and no portion of its services should be construed as legal, accounting, or insurance implementation services. Accordingly, we do not prepare estate planning documents, tax returns or sell insurance products. To the extent requested by a client, we may recommend the services of other professionals for certain non-investment implementation purposes (i.e., attorneys, accountants, insurance, etc.). The client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from Registrant and/or its representatives. If the client engages any recommended unaffiliated professional, and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from and against the engaged professional. At all times, the engaged licensed professional(s) (i.e., attorney, accountant, insurance agent, etc.), and not the Registrant, shall be responsible for the quality and competency of the services provided. Sub-Advisory Engagements. The Registrant may serve as a sub-advisor to unaffiliated investment advisors according to the terms and conditions of a written Sub-Advisory Agreement. With respect to its sub-advisory services, the unaffiliated investment advisers that engage the Registrant’s sub-advisory services maintain both the initial and ongoing day-to-day relationship with the underlying client, including initial and ongoing determination of client suitability for the Registrant’s designated investment strategies and/or programs. If the custodian/broker-dealer is determined by the unaffiliated investment adviser, Registrant will be unable to negotiate commissions and/or transaction costs, and/or seek better execution. As a result, clients of the unaffiliated investment adviser may pay higher commissions or other transaction costs, greater spreads, or receive less favorable net prices on transactions for the account than would otherwise be the case through alternative clearing arrangements recommended by Registrant. Higher transaction costs adversely impact account performance. Cash Positions. Registrant continues to treat cash as an asset class. As such, unless determined to the contrary by Registrant, all cash positions (money markets, etc.) shall continue to be included as part of assets under management for purposes of calculating Registrant’s advisory fee. At any specific point in time, depending upon perceived or anticipated market conditions/events (there being no guarantee that such anticipated market conditions/events will occur), Registrant may maintain cash positions for defensive purposes. In addition, while assets are maintained in cash, such amounts could miss market advances. Depending upon current yields, at any point in time, Registrant’s advisory fee could exceed the interest paid by the client’s money market fund. Cash Sweep Accounts. Certain account custodians can require that cash proceeds from account transactions or new deposits, be swept to and/or initially maintained in a specific custodian designated sweep account. The yield on the sweep account will generally be lower than those available for other money market accounts. When this occurs, to help mitigate the corresponding

yield dispersion Registrant shall (usually within 30 days thereafter) generally (with exceptions) purchase a higher yielding money market fund (or other type security) available on the custodian’s platform, unless Registrant reasonably anticipates that it will utilize the cash proceeds during the subsequent 30-day period to purchase additional investments for the client’s account. Exceptions and/or modifications can and will occur with respect to all or a portion of the cash balances for various reasons, including, but not limited to the amount of dispersion between the sweep account and a money market fund, the size of the cash balance, an indication from the client of an imminent need for such cash, or the client has a demonstrated history of writing checks from the account. The above does not apply to the cash component maintained within a Registrant actively managed investment strategy (the cash balances for which shall generally remain in the custodian designated cash sweep account), an indication from the client of a need for access to such cash, assets allocated to an unaffiliated investment manager and cash balances maintained for fee billing purposes. The client shall remain exclusively responsible for yield dispersion/cash balance decisions and corresponding transactions for cash balances maintained in any Registrant unmanaged accounts. Client Obligations. In performing its services, Registrant shall not be required to verify any information received from the client or from the client’s other professionals, and is expressly authorized to rely thereon. Moreover, each client is advised that it remains their responsibility to promptly notify the Registrant if there is ever any change in their financial situation or investment objectives for the purpose of reviewing, evaluating or revising Registrant’s previous recommendations and/or services. Cybersecurity Risk. The information technology systems and networks that Registrant and its third-party service providers use to provide services to Registrant’s clients employ various controls, which are designed to prevent cybersecurity incidents stemming from intentional or unintentional actions that could cause significant interruptions in Registrant’s operations and result in the unauthorized acquisition or use of clients’ confidential or non- public personal information. Clients and Registrant are nonetheless subject to the risk of cybersecurity incidents that could ultimately cause them to incur losses, including for example: financial losses, cost and reputational damage to respond to regulatory obligations, other costs associated with corrective measures, and loss from damage or interruption to systems. Although Registrant has established procedures to reduce the risk of cybersecurity incidents, there is no guarantee that these efforts will always be successful, especially considering that Registrant does not directly control the cybersecurity measures and policies employed by third-party service providers. Clients could incur similar adverse consequences resulting from cybersecurity incidents that more directly affect issuers of securities in which those clients invest, broker-dealers, qualified custodians, governmental and other regulatory authorities, exchange and other financial market operators, or other financial institutions. Disclosure Statement. A copy of the Registrant’s written Brochure and Client Relationship Summary, as set forth in Part 2 of Form ADV and Form CRS respectively, shall be provided to each client prior to, or contemporaneously with, the execution of the Investment Advisory Agreement. Additional Disclosures Related to The Quantum Strategic Value Fund, LP Affiliated Private Fund. As discussed above, the Registrant serves as the General Partner of, and provides discretionary investment management services to the affiliated private fund. The terms and conditions for participation in the affiliated private fund including management fees, conflicts of interest, and risk factors, are set forth in the fund’s offering documents. Private investment funds generally involve various risk factors, including, but not limited to, potential for complete loss of principal, liquidity constraints and lack of transparency, a complete discussion of which is set forth in each fund’s offering documents, which will be provided to each investor for review and consideration. Unlike liquid investments that an investor may maintain, private investment funds do not provide daily liquidity or pricing. Each prospective investor will be required to complete a Subscription Agreement, pursuant to which the investor shall establish that they are qualified for investment in the fund, and acknowledges and accepts the various risk factors that are associated with such an investment. Conflict Of Interest: Because the Registrant earns compensation from the affiliated private fund, the recommendation that an individual or institution become an investor in the affiliated private fund presents a conflict of interest. The investment advisor of the participants in the affiliated private fund (not the Registrant) maintains initial an ongoing responsibility to counsel its client as to the suitability of the affiliated private fund and any of its underlying investment strategies. C. The Registrant provides investment advisory services to institutions, endowments and family offices relative to their investment in the QSCE strategy. Prior to providing investment advisory services to these clients, an investment adviser representative (or in the instance where the Registrant has been engaged as a Sub-Advisor – the engaging investment adviser) will ascertain each individual client’s investment objective(s) to determine whether their participation in the QSCE strategy is appropriate. Thereafter, the Registrant shall determine the client’s allocation to the QSCE strategy. The client may, at any time, impose reasonable restrictions, in writing, on the Registrant’s services. To the extent that the Registrant provides investment advisory services to the affiliated private fund, those services are specific to the needs of the affiliated private fund and the Registrant shall allocate investment assets consistent with the designated investment objective of the affiliated private fund. D. The Registrant does not participate in a wrap fee program. E. As of December 31, 2023, the Registrant had $193,911,197 in assets under management on a discretionary basis.