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 EW ETF			0.25%
Argent Mid Cap ETF2			0.52%			June 17, 2022
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
Relative Sentiment Tactical Allocation ETF2			0.65%			March 18, 2022
Dakota Active Equity ETF			0.40%
Suncoast Select Growth ETF			0.60%
SCM Rainwater ETF			1.25%
Astoria US Equal Weight Quality Kings ETF2			0.49%			June 9, 2023

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Fund			Rate			Original Effective Date1
Astoria US Quality Growth Kings ETF2			0.35%			September 6, 2024
Astoria International Quality Growth Kings ETF2			0.58%			September 6, 2024
EA Astoria Dynamic Core US Fixed Income ETF			0.48%
ARS Core Equity Portfolio ETF			0.45%
ARS Focused Opportunities Strategy ETF			0.45%
Cambria US EW 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 Power Evolution 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 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 ETF2,7			0.28%			January 31, 2024
Alpha Architect International Quantitative Value ETF2,7			0.38%			January 31, 2024
Alpha Architect U.S. Quantitative Momentum ETF2,7			0.28%			January 31, 2024
Alpha Architect International Quantitative Momentum ETF2,7			0.38%			January 31, 2024
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%
Castellan Targeted Income ETF			0.45%
Research Affiliates Deletions ETF			0.39%
RACWI US ETF			0.15%
Towle Value ETF			0.85%
Arin Tactical Tail Risk ETF			0.63%
Burney U.S. Equity Select ETF			0.79%
City Different Investments Global Equity ETF			0.75%
City Different Investments SMID Cap Core Equity ETF			0.75%

2

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Fund			Rate			Original Effective Date1
Keating Active ETF			0.85%			December 1, 2023
CCM Global Equity ETF			0.33%			September 15, 2023
Altrius Global Dividend ETF			0.49%			September 26, 2022
Burney U.S. Factor Rotation ETF			0.79%			September 26, 2022
Gadsden Dynamic Multi-Asset ETF			0.59%			October 31, 2020
Discipline Fund ETF			0.25%6			September 15, 2021
Honeytree U.S. Equity ETF			0.64%			September 15, 2023
WHITEWOLF Commercial Real Estate Finance Income ETF			0.70%			September 15, 2023
WHITEWOLF Publicly Listed Private Equity ETF			0.70%			September 15, 2023
MarketDesk Focused U.S. Dividend ETF			0.35%			September 15, 2023
TBG Dividend Focus ETF			0.59%			October 26, 2023
Defined Duration 5 ETF			0.25%
Defined Duration 20 ETF			0.25%
Warren Street Global Equity ETF			0.60%
Warren Street Global Bond ETF			0.40%
Alpha Architect US Equity 2 ETF8			0.0945%
Alpha Architect US Equity Growth ETF			0.25%
BufferLABS US Equity Dynamic Buffer ETF			0.79%
DAC 3D Dividend Growth ETF			0.65%
Manzil Russell Halal USA Broad Market ETF			0.40%
Alpha Architect US Equity 3 ETF8			0.0945%
Alpha Architect US Equity 4 ETF8			0.0945%
Alpha Architect US Equity 5 ETF8			0.0945%
Alpha Architect US Equity 6 ETF8			0.0945%
Alpha Blue Capital US Small-Mid Cap Dynamic ETF			0.40%			December 12, 2023
AOT Software Platform ETF			0.49%
Avory Foundational Equities ETF			0.89%
Sapient Quality Select ETF			0.80%
Variant Perception Large Cap US Equity ETF			0.80%
Avos Global Equities ETF			0.50%
Cambria Endowment Style 2 ETF			0.00%
Cambria US Large Cap Equity ETF			0.25%
Cambria Global EW 2 ETF			0.25%
Cambria Global EW 3 ETF			0.25%
Sparkline International Intangible Value ETF			0.55%			September 4, 2024
Sparkline US Small Cap Intangible Value ETF			0.50%			September 4, 2024
Sparkline Emerging Markets Intangible Value ETF			0.60%			September 4, 2024
StockSnips AI-Powered Sentiment US All Cap ETF			0.75%			March 9, 2024
Sophus Capital Emerging Market ETF			0.65%
Sophus Capital Emerging Market Small Cap ETF			0.85%
Moonvest ETF			0.75%
EA Bridgeway Ultra-Small Company Market ETF			0.73%
EA Bridgeway Select Small-Cap Value ETF			0.79%
EA Bridgeway Aggressive Investors ETF			0.73%
Goaltender ETF			0.40%
Humilis US Focused Opportunities ETF			0.54%

3

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Fund			Rate			Original Effective Date1
Humilis US SMID Focused ETF			0.54%
Humilis US Large Cap Fundamental Value ETF			0.50%
Humilis US Dividend Growth Opportunities ETF			0.50%
Optimal Tax Managed Equity ETF			0.49%
BWM Quality Growth ETF			0.70%
Significance Capital Enhanced Alpha ETF			0.60%
Alpha Architect US Equity ETF8			0.0945%			September 6, 2024
Alpha Architect International Equity ETF2			0.25%
Alpha Architect 1-3 Year Box ETF2			0.1949%
Alpha Architect Intermediate-Term Treasury Bond ETF2			0.1949%
Alpha Architect Long-Term Treasury Bond ETF2			0.1949%
Alpha Architect Aggregate Bond ETF2			0.1949%			December 17, 2025
Alpha Architect Inflation-Protected Securities ETF2			0.1949%
Alpha Architect Real Estate ETF2			0.1949%
Draco AI Evolution ETF2			0.85%			June 24, 2024
The Investment House ETF			1.00%
Qualivian Focus Fund ETF			0.50%
CG Flagship Equity ETF			0.57%

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 November 5, 2025, the Fund’s management fee was reduced from 0.39% to 0.25%.

7 Reflects 0.01% fee reduction effective February 1, 2026.

8 Reflects 0.0555% fee reduction effective May 1, 2026.

(signature page follows)

4

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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 5, 2026.

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

5