A. The Company Elemental Capital Partners LLC (“Elemental” or the “firm”) is a California limited liability company that was founded in 2008. Elemental has been registered with the U.S. Securities and Exchange Commission (“SEC”) since February 2021. Prior to that, Elemental was registered with the State of California from January 2016 to February 2021. The sole owner and portfolio manager of Elemental is Brian Wu. B. Advisory Services Elemental offers investment management services, managing client accounts only through its proprietary Ascend Portfolio Strategy although it is within the sole and absolute discretion of Elemental’s portfolio manager to reduce a client’s exposure to the Ascend Portfolio Strategy by maintaining a higher cash balance in the client’s account. Investment management services are offered on a discretionary basis only. Elemental manages clients’ accounts in accordance with the investment objectives and guidelines of the Ascend Portfolio Strategy. The Ascend Portfolio Strategy is a highly aggressive growth product that consists of a concentrated portfolio of investments focused primarily on the technology sector. The Ascend Portfolio Strategy holds fewer different stocks than a typical diversified portfolio and therefore, is much more likely to experience sudden dramatic price swings than more diversified investment portfolios or the broader market in general. Given the narrow range of investments held in the Ascend Portfolio Strategy at any one time, the rise or drop in price of any given holding in the portfolio is likely to have a larger impact on portfolio performance than it would in a more broadly diversified portfolio. Due to the aggressive nature of the Ascend Portfolio Strategy, Clients will be required to acknowledge in the investment management agreement entered into between the client and Elemental, that the Ascend Portfolio Strategy is a highly volatile approach to trading and investing and should be viewed as complementary to a stable, highly predictable investment approach. In order to create a strong congruity of interest between Elemental and its clients, Brian Wu, Elemental’s sole owner and portfolio manager has invested a significant portion of

his net worth pursuant to the Ascend Portfolio Strategy. The Ascend Portfolio Strategy utilizes aggressive trading and investment techniques that involve substantial risks to a client’s portfolio and is therefore not suitable for everyone. Accordingly, clients must be able to bear the loss of the entire amount of their investment. C. Client Tailored Services and Client Imposed Restrictions In order to ensure that the Ascend portfolio strategy is appropriate for a client, Elemental will work with the client to obtain information regarding the client’s financial circumstances, investment objectives, overall financial condition, risk profile and other information regarding the client’s financial and investment needs. Elemental reserves the right to reject any potential client if Elemental determines, in its sole and absolute discretion, that the Ascend Portfolio Strategy is not an appropriate investment vehicle given the client’s financial situation or risk profile. At least annually, Elemental will review with clients their financial circumstances, investment objectives and risk profile. In order for Elemental to provide effective investment management services, it is critical that clients provide accurate and complete information to Elemental and inform Elemental anytime such information needs to be updated or that there is a change in their financial circumstances, investment objectives and/or risk profile. Given the nature of Elemental’s investment management services and the Ascend Portfolio Strategy, clients are not permitted to impose restrictions on investing in certain securities or types of securities; provided, however, that Elemental will take into account any regulatory restrictions imposed on a client due to such client’s position in the financial industry (i.e., an affiliation with another registered entity such as a broker-dealer). D. Wrap Fee Programs Elemental does not participate in wrap fee programs (i.e., programs that offer services for one, all-inclusive fee). E. Assets Under Management As of December 31, 2023, Elemental had the following assets under management: Total Assets Under Management Discretionary Assets Non-Discretionary Assets $74,630,344 $74,630,344 $0.00