Exhibit 99.(h)(26)

ELEVATION SERIES TRUST

VULCAN FIRST AMENDED AND RESTATED FUND ADDENDUM DATED November 6, 2026
to the
Master Administration and Fund Accounting Agreement between Elevation Series Trust and Paralel

Technologies LLC dated August 31, 2023, as amended July 1, 2024

Amendment; Relationship to Agreement: For clarity, this First Amended and Restated Fund Addendum amends and replaces in its entirety the related Vulcan Addendum dated September 10, 2025, effective upon the reorganization of the Vulcan Value Partners Fund into the Vulcan Value Partners ETF and the commencement of operations of the Vulcan Value Partners ETF (the “Effective Date”), shall be subject to and governed by the specific version of the Agreement identified above. Except as specifically set forth herein, defined terms used in this Fund Addendum shall have the meaning set forth in the Master Administration and Fund Accounting Agreement by and between the between Elevation Series Trust and Paralel Technologies LLC, as may be amended (the “Agreement”). Upon executing this Fund Addendum, the Complex Advisor (as defined below) and the Fund(s) in the Fund Complex described herein shall be included in the terms and conditions of the Agreement as if the same had been an original party thereto, as applicable to the Fund(s) in the Fund Complex. In the event of a conflict between the terms set forth in this Fund Addendum and any terms set forth in the Agreement, the terms set forth in this Fund Addendum shall govern, but solely with respect to the Fund Complex described herein. The terms set forth below only apply to the Funds in the Fund Complex.

Fund Complex: The “Fund Complex” includes each of the Fund(s) listed below (and commence with respect to any particular Fund not yet operational as of the date of this Fund Addendum upon the commencement of operations of that Fund). This Fund Addendum may be amended to add additional funds to the Fund Complex that are established as a series of the Trust subsequent to the date hereof for which Vulcan Value Partners, LLC (the “Complex Advisor”) serves as adviser.

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Vulcan Value Partners ETF

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Vulcan Value Partners Small Cap Fund

Start Date, Term, and Termination: The term of this Fund Addendum shall be deemed to have begun as of September 10, 2025 (“Addendum Start Date”) and continue in effect with respect to the Fund Complex for a period of 3 years from the Addendum Start Date (the “Initial Term”). Following expiration of the Initial Term, this Fund Addendum shall continue in effect for successive periods of one year (each, a “Renewal Term” and collectively, with the Initial Term, a “Term”) unless otherwise terminated or a notice of non-renewal is given as set forth in the Agreement. This Fund Addendum may only be terminated at the end of a Term or as otherwise set forth in the Agreement. Any payment obligation of the Complex Advisor and/or Fund(s) under the Agreement and/or this Fund Addendum shall survive the termination of the Agreement and/or this Fund Addendum until such obligation is fulfilled.

Fees and Expenses: The following fees are due and payable monthly to the Administrator pursuant to Section 2 of the Agreement, payable out of the assets of each Fund, except that for situations where the Complex Advisor is subject to a unitary fee arrangement with a Fund, the Complex Advisor will be primarily responsible for and agrees to make such payment of fees, charges and obligations due to the Administrator pursuant to the Agreement and this Fund Addendum. However, in all situations, the Trust, on behalf of its Funds, acknowledges that the applicable Fund remains responsible for any fees, charges and obligations or other liabilities that the Complex Advisor fails to pay.

Fees: [REDACTED]

COL: All fees in the Agreement, as generally marked with an asterisk, are subject to the CPI increases as set forth in Section 2 of the Agreement.

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The Fund Complex Minimum Annual Fee applies once, at the Fund Complex level, collectively to the Vulcan Value Partners ETF and the Vulcan Value Partners Small Cap Fund. Additional funds will incur additional fees as agreed to by Paralel.

Out-of-Pocket Expenses: Without limiting any provision in this Agreement, the Fund(s) and/or Complex Advisor (as applicable) shall be responsible and will reimburse Administrator for all out of pocket costs, including, among others, any security pricing and data fees (including but not limited to Gainskeeper, E&Y PFIC Analyzer, Bloomberg, GICS, MSCI, CUSIP, SEDOL), index or benchmark licensing fees, any fees or expenses charged by software systems utilized in connection to the provision of the Services (including but not limited to those related to the setup, maintenance, or use of, or the performance calculations for, a benchmark, index, fund, and/or share class), bank loan sub-accounting fees, Blue Sky permit processing fees and state registration fees, SSAE 18 control review reports, travel expenses of Administrator individuals to in-person Board meetings and on-site reviews, fees applicable to the use of third party indexes or benchmarks, third-party board portal expenses, Edgar filer service fees (including costs of preparation, typesetting, XBRL-tagging, page changes and all other print vendor, document management, EDGAR conversion or other related charges), cost of mailings, including typesetting, printing, postage and fulfillment costs of a third party printer, as well as any e*delivery services; wire fees and other bank charges, E*Delivery services, customized programming/enhancements, enhanced reporting activities and any other reasonable expenses incurred in connection with Administrator’s performance of its duties under the Agreement. Administrator may provide certain services or data to the Fund(s) that would otherwise be an out-of-pocket cost and will be billed to the Trust / the Fund(s) at the Administrator’s standard rates for such service.

Additional Notice Addresses:

To Complex Adviser:	Vulcan Value Partners, LLC
	Three Protective Center
	2801 Highway 280 South
	Suite 300
	Birmingham, AL 35223
	Attention: [redacted]
	Email: [redacted]

[signature page follows]

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IN WITNESS WHEREOF, the parties hereto have executed this Fund Addendum as of the day and year first above written.

	ELEVATION SERIES TRUST
	A Delaware statutory trust
	On Behalf of the Fund(s) listed herein.

	By:	/s/ Bradley Swenson
	Name:	Brad Swenson
	Title:	President

	PARALEL TECHNOLOGIES LLC
	A Delaware limited liability company

	By:	/s/ Jeremy May
	Name:	Jeremy May
	Title:	Chief Executive Officer

	VULCAN VALUE PARTNERS, LLC
	A Delaware limited liability company

	By:	/s/ Richard Davis
	Name:	Richard Davis
	Title:	Principal, CFO/COO

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