Schedule A

to the

Investment Advisory Agreement

Dated November 11, 2024

by and between

EA Series Trust and Empowered Funds, LLC

Fund			Rate			Original Effective Date1
Efficient Market Portfolio Long ETF			1.00%
Efficient Market Portfolio Plus ETF			1.00%
Intelligent Equal Select ETF			0.69%
Intelligent Livermore ETF2			0.69%			September 17, 2024
Intelligent Omaha ETF			0.69%
Intelligent Small Cap Select ETF			0.69%
Intelligent Tech Focus ETF			0.69%
JLens 500 Jewish Advocacy U.S. ETF			0.18%
Matrix Advisors Value ETF			0.75%
Militia Long/Short Equity ETF			1.30%
MRBL Enhanced Equity ETF			0.74%
Sarmaya Thematic ETF			0.75%
MKAM ETF2			0.50%3			March 27, 2023
Alpha Architect Global Factor Equity ETF4			0.05–0.45%5			February 6, 2017
MarketDesk Focused U.S. Dividend ETF			0.35%			September 15, 2023
MarketDesk Focused U.S. Momentum ETF			0.45%
RockCreek Global Equality ETF			0.95%
Bastion Energy ETF			0.80%
Cambria Global Shareholder Yield ETF2			0.59%
Cambria Tax Aware ETF			0.49%
Cambria Endowment Style ETF			0.00% (zero)
Cambria Global Equal Weight ETF			0.25%
Argent Mid Cap ETF2			0.52%			November 11, 2024
Argent Focused Small Cap ETF			0.74%
Argent Large Cap ETF			0.49%
MC Trio Buffered Equity ETF			0.70%
Yoke Core ETF			0.30%
Bushido Capital US Equity ETF2			0.71%			June 9, 2023
Bushido Capital US SMID Cap Equity ETF			0.67%
Bridges Capital Tactical Equity ETF2			0.78%			March 27, 2023
AOT Growth and Innovation ETF2			0.75%			June 17, 2022
Euclidean Fundamental Value ETF2			0.95%			March 27, 2023
Guru Favorite Stocks ETF2			0.65%			December 13, 2021
Sparkline Intangible Value ETF2			0.50%			June 22, 2021
Freedom Day Dividend ETF2			0.39%			April 30, 2021
Morgan Dempsey Large Cap Value ETF2			0.58%			March 27, 2023
MKAM ETF2			0.94%			March 27, 2023
Relative Sentiment Tactical Allocation ETF2			0.65%			March 18, 2022
Dakota Active Equity ETF			0.40%

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Suncoast Select Growth ETF			0.60%
SCM Rainwater ETF			1.25%
Astoria US Equal Weight Quality Kings ETF2			0.49%			June 9, 2023
Astoria US Quality Growth Kings ETF2			0.35%			September 6, 2024
Astoria International Quality Growth Kings ETF2			0.58%			September 6, 2024
Astoria US Small Cap Quality Growth Kings ETF			0.45%
Astoria Dynamic Core US Fixed Income ETF			0.48%
Astoria US Enhanced Core Equity ETF			0.45%6
ARS Core Equity Portfolio ETF			0.45%
ARS Focused Opportunities Strategy ETF			0.45%
Cambria U.S. Equal Weight ETF			0.25%
Amplius Aggressive Asset Allocation ETF			0.49%
Cloverpoint Core Alpha US ETF			0.50%
Cloverpoint Core Alpha International ETF			0.50%
Cloverpoint Core Alpha Global ETF			0.50%
Cloverpoint Core Alpha Energy Transition ETF			0.50%
Freedom 100 Emerging Markets ETF2			0.49%			May 16, 2019
Strive 500 ETF2			0.0545%			September 7, 2022
Strive 1000 Growth ETF2			0.18%			November 7, 2022
Strive 1000 Value ETF2			0.18%			November 7, 2022
Strive Small-Cap ETF2			0.18%			November 7, 2022
Strive 1000 Dividend Growth ETF2			0.35%			November 7, 2022
Strive Emerging Markets Ex-China ETF2			0.32			January 9, 2023
Strive U.S. Energy ETF2			0.41%			July 26, 2022
Strive U.S. Semiconductor ETF2			0.40%			July 26, 2022
Strive Natural Resources and Security ETF2			0.49%			July 21, 2023
Strive Mid-Cap ETF2			0.18%			March 9, 2024
Strive International Developed Markets ETF2			0.29%			June 7, 2024
Strive Total Return Bond ETF2			0.49%			July 21, 2023
Strive Enhanced Income Short Maturity ETF2			0.25%			July 21, 2023
Alpha Architect U.S. Quantitative Value ETF2			0.29%			January 31, 2024
Alpha Architect International Quantitative Value ETF2			0.39%			January 31, 2024
Alpha Architect U.S. Quantitative Momentum ETF2			0.29%			January 31, 2024
Alpha Architect International Quantitative Momentum ETF2			0.39%			January 31, 2024
Alpha Architect Global Factor Equity ETF2			0.45%			April 1, 2017
Alpha Architect High Inflation and Deflation ETF2			0.29%			November 4, 2022
Alpha Architect Tail Risk ETF2			0.63%			November 4, 2022
Alpha Architect 1-3 Month Box ETF2			0.2449%			November 4, 2022
EA Bridgeway Blue Chip ETF2			0.15% on the first $3 billion 0.13% on the next $7 billion 0.12% on the next $10 billion 0.11% on assets above $20 billion			June 17, 2022
EA Bridgeway Omni Small-Cap Value ETF2			0.47% on the first $1 billion 0.42% on the next $1 billion 0.40% above $2 billion			March 13, 2023
Concourse Capital Focused Equity ETF			0.95%
Castellan Targeted Equity ETF			0.45%

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Castellan Targeted Income ETF			0.45%
Research Affiliates Deletions ETF			0.39%
RACWI US ETF			0.15%
Towle Value ETF			0.85%

1 The Original Effective Date column only applies to Funds whose original advisory agreement has been consolidated into this Agreement subsequent to its effectiveness.

2 The Fund’s original advisory agreement has been consolidated into this Agreement subsequent to the Fund’s commencement of operations.

3 Effective January 14, 2025, the management fee was reduced from 0.94% to 0.50%.

4 Formerly known as the Alpha Architect Value Momentum Trend ETF.

5 Effective January 31, 2025, the Fund’s management fee applies on the daily average net assets of the Fund that are not invested in Alpha Architect U.S. Quantitative Value ETF, Alpha Architect International Quantitative Value ETF, Alpha Architect U.S. Quantitative Momentum ETF, or Alpha Architect International Quantitative Momentum ETF, subject to a minimum management fee of 0.05%.

6 Effective on the first anniversary of the Astoria US Enhanced Core Equity ETF’s commencement of operations, the management fee will be 0.40%.

(signature page follows)

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IN WITNESS WHEREOF, the parties hereto have this Schedule A to be executed by their duly authorized officers as of June 6, 2025.

EMPOWERED FUNDS, LLC

EA SERIES TRUST, on behalf of each Fund listed on this Schedule A

By:

/s/ Sean Hegarty

By:

/s/ Michael D. Barolsky

Name:

Sean Hegarty

Name:

Michael D. Barolsky

Title:

Chief Operating Officer

Title:

Vice President and Secretary

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