A. Description of the Advisory Firm Rule One Partners, LLC (hereinafter “ROP”) is a Limited Liability Company formed in June of 2013 and organized in the state of Wyoming. The principal owner is Philip Bradley Town, who serves as Managing Member of ROP. B. Types of Advisory Services Rule One Partners, LLC offers investment advisory services to Rule One Capital, LP (“ROC”) and the Rule One Fund (“ROF”). For each type of client, the services offered to each are discussed individually. Rule One Capital ROP is the General Partner of and provides investment services for ROC. ROC is a Delaware limited partnership organized to invest and trade primarily in publicly-traded equities and related options and selected private offerings although other securities may be utilized. The investment strategy is centered on an event-driven, deep-value approach. The principal objective is capital appreciation over a multi-year term by focusing on investing in deep “value” publicly traded equities while using certain option trading strategies. ROP believes the best hedge against market fluctuations is to invest in companies with durable competitive advantages at a discount of over fifty percent (50%) to their intrinsic value (that is, “deep value”) and then to drive down the cost basis in the investment to well below tangible book value as quickly as possible with additional, lower-cost purchases, an approach ROP refers to as “stockpiling”. In addition, ROP uses combination derivative strategies, dividends and buy-backs to attempt reduce ROC’s cost basis in particular positions and generate positive returns during market downturns. If ROP believes that stock prices and the corresponding market capitalizations of companies are at unsustainably high levels above their values, ROP intends to sell positions in those stocks owed by ROC. ROP’s deep-value strategy in managing ROC relies on market fluctuations. The investment objectives and policies may change at the sole discretion of ROP. No assurance can be made that ROP will be able to allocate assets in the manner anticipated or that ROP will be successful in selecting investments that yield consistent, or above average, risk adjusted returns. Rule One Fund ROP will provide investment supervisory services to the Rule One Fund (“ROF”), an investment company (also referred to as a “mutual fund”), a series of the World Funds Trust (the “Trust”), a Delaware Statutory Trust registered under

the Investment Company Act of 1940 (the “1940 Act”). With regard to the Rule One Fund, under the terms of its management contract with the Fund, ROP acts as investment adviser and, subject to the supervision of the Trust’s Board of Trustees, has overall responsibility for directing the investments of the Rule One Fund in accordance with its investment objective, policies and restrictions as provided in its registration statement filed with the SEC. Rule One or certain unaffiliated service providers provide all necessary office facilities and personnel for servicing the Rule One Fund’s investments. The Rule One Fund is event-driven multi-alternative fund that offers investors exposure to positive absolute returns with capital preservation during market downturns as a secondary goal. The Rule One Fund pursues its objective by aiming to provide exposure to multiple separate and combined investment strategies including: non-diversified focused, deep-value, contrarian, event-driven, macro-technical momentum, volatility and derivatives. Under normal circumstances, to achieve ROF’s investment objective by investing in a concentrated portfolio (i.e., a portfolio consisting of a relatively small number of holdings) of equity securities and options on equity securities. The fund’s investments in equity securities, exchange-traded funds (“ETFs”) that focus their investments in equity securities, depositary receipts evidencing ownership of common stocks, and securities convertible into common stocks. The fund may invest in foreign equity securities (including equity securities from emerging markets). Complete details concerning the Rule One Fund can be found in its prospectus and statement of additional information. C. Client Tailored Services and Client Imposed Restrictions For ROC, this fund will be managed in accordance to the partnership agreement and other governing documents. The Rule One Fund will be managed in accordance to its prospectus. Accordingly, they are tailored to their needs and objectives. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and any other administrative fees. ROP does not participate in any wrap fee programs. E. Amounts Under Management As of December 31, 2023, ROP has assets under management of approximately $186,069,549, all of which are managed on a discretionary basis.