ELV8 Inc

Fees and Compensation

Scout does not directly bill clients for the investment advisory services we provide. Rather, Scout
is compensated by the colleges and universities (the “Partner Schools”) who choose to provide
their student athletes with access to the platform. Generally, the Partner Schools pay a fee based
on a contract, and each fee and its payment frequency is privately negotiated. The fee may be
charged as a flat fee or on a per-User basis.

Clients are not charged any additional fees for becoming Scout clients and receiving Scout’s
investment advisory services.

In the Scout Wrap Program, the fee paid by the Partner Schools to Scout on behalf of our clients is
a single advisory fee that covers both investment advice and the execution of transactions. Scout
does not receive any compensation that is tied to the transactions that take place in a client’s account
and at no time will the wrap fee be charged to clients of Scout.

Neither Scout, nor any representatives of Scout receive any additional compensation beyond
advisory fees for the participation of clients in the wrap fee program. However, the compensation
we receive may be more than what would have been received if you paid separately for investment
advice, brokerage, and other services. Therefore, Scout may have a financial incentive to
recommend the wrap fee program to clients. Please also note that at this time, Scout’s advisory
services are only offered in the form of a wrap fee program and therefore, you are not able to pay
separately for investment advice, brokerage, and other services through Scout.

Certain of Scout’s investment advisory professionals may receive compensation for their
participation in other, outside business activities. Details of these activities can be found in the
individual professional’s ADV Part 2B Brochure Supplement.

Additional Fees

Clients are responsible for some additional fees that may be charged by Apex. These fees are called
Pass-through Fees, and they are: an SEC fee (sell side only), TAF Fee (sell side), and ADR Fee.

Apex may also charge other fees (different from the Pass-through Fees) for providing additional
services to Scout’s clients, and clients will pay those other fees directly to Apex. Other fees may
include fees for transferring a brokerage account from Apex to another brokerage firm, charges for
miscellaneous requests such as requesting a physical copy of a trade confirmation or statement or
requesting a tax document to be faxed or sent by regular mail, as well as charges for withdrawal or
other administrative requests, such as ACH transfers (outgoing) and wire transfers. To learn more
about the different fees that could be charged to you, please see the fee disclosures Apex provides
upon opening a brokerage account with them.

Clients who invest in ETFs may also indirectly pay management fees or other expenses to the
purchased ETF. ETFs pay their own management, transaction, and administrative fees and
expenses, and those fees and expenses are indirectly borne by the shareholders in those investment
vehicles. Depending on the activities or services (e.g., transferring an account to another broker,
requesting physical copy of a trade confirm, and so on), the broker could also charge you other fees.
These additional fees are deducted directly by the ETF and reflected in its net asset value.

Apex does not allow clients to maintain accounts directly with Apex. In the event that your
relationship with Scout terminates, you will be required to transfer the assets out of your Scout
account either by liquidating your holdings and transferring out as cash, or by transferring the assets
in kind to another broker dealer.

In the event of a transfer of your assets, any fees charged by Apex or the receiving institution in
connection with the transfer will be borne by you. If you choose to transfer the investments and
assuming that transfer instructions are received in good order by Apex, the transfer will occur within
30 business days. Clients can only transfer whole shares to other brokerages; fractional shares must
be liquidated.

Clients may terminate their investment advisory agreement without penalty, upon written notice
(via email at: mike@elevatewith.com).

Item 5: Account Requirements and Types of Clients
Scout generally offers its advisory services to individual and high net worth individual clients.
Currently, clients must maintain a minimum account balance of $10 USD to have an active account
with Scout and should note that certain transactions have a dollar amount minimum. Therefore, in
certain scenarios, funds transferred into Scout may be held in cash until those dollar amount
minimums have been met.

Participation in the Scout Wrap Program is limited to individuals who are associated with the
Partner Schools, and therefore an individual must be introduced to Scout by a Partner School (and
have their advisory fee paid by that Partner School) in order to open a Scout Wrap Program account
with Scout. Scout may agree to maintain an advisory relationship with certain individuals who, at
the time of account opening, were introduced by a Partner School but cease to have a relationship
with that Partner School. In these instances, a new investment advisory agreement will be put in
place.

Item 6: Portfolio Manager Selection and Evaluation
Selecting and Reviewing Portfolio Managers

In the Scout Wrap Program, unless otherwise indicated by us and agreed to by you, our Client, we
do not select, review, or recommend other investment advisers or portfolio managers but we are
subject to our own review. In the Scout Wrap Program, we provide ongoing investment advice and
management on assets in accounts held at Apex.

In certain cases, Scout may choose to engage third party Investment Managers (the “Investment
Managers”) for our platform in order to make available a curated range of investment options and
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