Elevation Series Trust 485BPOS

Exhibit 99.(e)(2)

Amendment #12 to the Distribution Agreement

This Amendment #12 to the Distribution Agreement is entered into on April 30, 2026 (the “Amendment”) by and among each of Elevation Series Trust, a Delaware statutory trust (the “Trust”), on behalf of each of its series listed on Exhibit A hereto (each, a “Fund” and collectively, the “Funds”), and Paralel Distributors LLC, a Delaware limited liability company (the “Distributor”).

WHEREAS, the Distributor and the Trust a previously entered into the Distribution Agreement, dated as of September 27, 2022 (as amended, restated, modified or supplemented from time to time, the “Agreement”) pursuant to which it provides underwriting and other services to the Funds; and

WHEREAS, the Distributor and the Trust wish to amend the amended Exhibit A to the Agreement to reflect the addition of certain new funds (each, a “New Fund”).

NOW THEREFORE, in consideration of the mutual promises and undertakings herein contained, the parties agree as follows:

1. Exhibit A of the Agreement is superseded and replaced with the Exhibit A attached hereto, with the effective date of each New Fund as set forth within.

2. The Agreement, as modified herein, shall continue in full force and effect, and nothing herein contained shall be construed as a waiver or modification of existing rights under the Agreement, except as such rights are expressly modified hereby.

[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.

ELEVATION SERIES TRUST
A Delaware statutory trust
By:	/s/ Bradley Swenson
Name:	Bradley Swenson
Title:	President

PARALEL DISTRIBUTORS LLC
A Delaware limited liability company
By:	/s/ Jeremy May
Name:	Jeremy May
Title:	Chief Executive Officer

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EXHIBIT A

Funds

Fund Name

SRH U.S. Quality GARP ETF

SRH REIT Covered Call ETF

Sovereign’s Capital Flourish Fund

TrueShares Quarterly Bear Hedge ETF

TrueShares Quarterly Bull Hedge ETF

Clough Hedged Equity ETF

Clough Select Equity ETF

Polen International Dividend Income ETF

TrueShares Seasonality Laddered Buffered ETF

Clough Flexible Income ETF

Clough Short Duration ETF

TrueShares Structured Outcome (April) ETF

TrueShares Structured Outcome (November) ETF

TrueShares Structured Outcome (October) ETF

TrueShares Structured Outcome (September) ETF

TrueShares Structured Outcome (August) ETF

TrueShares Structured Outcome (December) ETF

TrueShares Structured Outcome (February) ETF

TrueShares Structured Outcome (January) ETF

TrueShares Structured Outcome (July) ETF

TrueShares Structured Outcome (June) ETF

TrueShares Structured Outcome (March) ETF

TrueShares Structured Outcome (May) ETF

RiverNorth Enhanced Pre-Merger SPAC ETF

RiverNorth Patriot ETF

Polen Dividend Income ETF

TrueShares Eagle Global Renewable Energy Income ETF

TrueShares Technology, AI & Deep Learning ETF

TrueShares ConVequity ETF

RiverNorth Active Income ETF

NPF Core Equity ETF

TrueShares S&P Autocallable High Income ETF

TrueShares S&P Autocallable Defensive Income ETF

TrueShares Equity Hedge ETF

CresAlta Global Dividend ETF

CresAlta Small and Mid-Cap ETF

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