Schedule A
to the
Investment Advisory Agreement
Dated November 11, 2024
by and between
EA Series Trust and Empowered Funds, LLC
Ticker SymbolFundRate
Original Effective Date1
EMPLEfficient Market Portfolio Long ETF1.00%
EMPBEfficient Market Portfolio Plus ETF1.00%
GPT
Intelligent Alpha Atlas ETF2
0.69%September 17, 2024
TOVJLens 500 Jewish Advocacy U.S. ETF0.18%
MAVFMatrix Advisors Value ETF0.75%
ORRMilitia Long/Short Equity ETF1.30%
EDGEMRBL Enhanced Equity ETF0.74%
LENSSarmaya Thematic ETF0.75%
MKAM
MKAM ETF2
0.50%3
March 27, 2023
AAVM
Alpha Architect Global Factor Equity ETF4
0.05–0.45%5
February 6, 2017
FDIVMarketDesk Focused U.S. Dividend ETF0.35%September 15, 2023
FMTMMarketDesk Focused U.S. Momentum ETF0.45%
RCGERockCreek Global Equality ETF0.95%
BESFBastion Energy ETF0.80%
TAXCambria Tax Aware ETF0.49%
ENDWCambria Endowment Style ETF0.00% (zero)
GEWCambria Global EW ETF0.25%
AMID
Argent Mid Cap ETF2
0.52%June 17, 2022
ALILArgent Focused Small Cap ETF0.74%
ABIGArgent Large Cap ETF0.49%
TRIOMC Trio Buffered Equity ETF0.70%
YOKEYoke Core ETF0.30%
SMRI
Bushido Capital US Equity ETF2
0.71%June 9, 2023
RNINBushido Capital US SMID Cap Equity ETF0.67%
BDGS
Bridges Capital Tactical Equity ETF2
0.78%March 27, 2023
AOTG
AOT Growth and Innovation ETF2
0.75%June 17, 2022
ECML
Euclidean Fundamental Value ETF2
0.95%March 27, 2023
GFGF
Guru Favorite Stocks ETF2
0.65%December 13, 2021
ITAN
Sparkline Intangible Value ETF2
0.50%June 22, 2021
MBOX
Freedom Day Dividend ETF2
0.39%April 30, 2021
MDLV
Morgan Dempsey Large Cap Value ETF2
0.58%March 27, 2023
MOOD
Relative Sentiment Tactical Allocation ETF2
0.65%March 18, 2022
DAKDakota Active Equity ETF0.40%
SEMGSuncoast Select Growth ETF0.60%
RW
Rainwater Equity ETF10
0.93%
ROE
Astoria US Equal Weight Quality Kings ETF2
0.49%June 9, 2023
GQQQ
Astoria US Quality Growth Kings ETF2
0.35%September 6, 2024



Ticker SymbolFundRate
Original Effective Date1
IQGR
Astoria International Quality Growth Kings ETF2
0.58%September 6, 2024
AGGAEA Astoria Beacon Dynamic Core US Fixed Income ETF0.48%
ACEPARS Core Equity Portfolio ETF0.45%
AFOSARS Focused Opportunities Strategy ETF0.45%
USEWCambria US EW ETF0.25%
AAAAAmplius Aggressive Asset Allocation ETF0.49%
CAUSCloverpoint Core Alpha US ETF0.50%
CAINCloverpoint Core Alpha International ETF0.50%
CAGBCloverpoint Core Alpha Global ETF0.50%
CAPFCloverpoint Core Alpha Power Evolution ETF0.50%
FRDM
Freedom 100 Emerging Markets ETF2
0.49%May 16, 2019
STXF
Strive 500 ETF2
0.0545%September 7, 2022
STXG
Strive 1000 Growth ETF2
0.18%November 7, 2022
STXV
Strive 1000 Value ETF2
0.18%November 7, 2022
STXK
Strive Small-Cap ETF2
0.18%November 7, 2022
STXD
Strive 1000 Dividend Growth ETF2
0.35%November 7, 2022
STXE
Strive Emerging Markets Ex-China ETF2
0.32January 9, 2023
DRLL
Strive U.S. Energy ETF2
0.41%July 26, 2022
SHOC
Strive U.S. Semiconductor ETF2
0.40%July 26, 2022
FTWO
Strive Natural Resources and Security ETF2
0.49%July 21, 2023
STXT
Strive Total Return Bond ETF2
0.49%July 21, 2023
BUXX
Strive Enhanced Income Short Maturity ETF2
0.25%July 21, 2023
QVAL
Alpha Architect U.S. Quantitative Value ETF2,7
0.28%January 31, 2024
IVAL
Alpha Architect International Quantitative Value ETF2,7
0.38%January 31, 2024
QMOM
Alpha Architect U.S. Quantitative Momentum ETF2,7
0.28%January 31, 2024
IMOM
Alpha Architect International Quantitative Momentum ETF2,7
0.38%January 31, 2024
HIDE
Alpha Architect High Inflation and Deflation ETF2
0.29%November 4, 2022
CAOS
Alpha Architect Tail Risk ETF2
0.63%November 4, 2022
BOXX
Alpha Architect 1-3 Month Box ETF2
0.2449%November 4, 2022
BBLU
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
BSVO
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
CCFEConcourse Capital Focused Equity ETF0.95%
CTEFCastellan Targeted Equity ETF0.45%
CTIFCastellan Targeted Income ETF0.45%
NIXTResearch Affiliates Deletions ETF0.39%
RAUSRACWI US ETF0.15%
TCVTowle Value ETF0.85%
ATTRArin Tactical Tail Risk ETF0.63%


2


Ticker SymbolFundRate
Original Effective Date1
BRESBurney U.S. Equity Select ETF0.79%
CDIGCity Different Investments Global Equity ETF0.75%
CMIXCity Different Investments SMID Cap Core Equity ETF0.75%
KEATKeating Active ETF0.85%December 1, 2023
SFGVSequoia Global Value ETF0.33%September 15, 2023
DIVDAltrius Global Dividend ETF0.49%September 26, 2022
BRNYBurney U.S. Factor Rotation ETF0.79%September 26, 2022
GDMAGadsden Dynamic Multi-Asset ETF0.59%October 31, 2020
DDX
Defined Duration 10 ETF11
0.25%6
September 15, 2021
BEEZHoneytree U.S. Equity ETF0.64%September 15, 2023
CREFWHITEWOLF Commercial Real Estate Finance Income ETF0.70%September 15, 2023
LBOWHITEWOLF Publicly Listed Private Equity ETF0.70%September 15, 2023
TBG
TBG Dividend Focus ETF9
0.45%October 26, 2023
DDVDefined Duration 5 ETF0.25%
DDXXDefined Duration 20 ETF0.25%
WSGEWarren Street Global Equity ETF0.60%
WSGBWarren Street Global Bond ETF0.40%
AAEQ
Alpha Architect US Equity 2 ETF8
0.0945%
AAGWAlpha Architect US Equity Growth ETF0.25%
BFLBBufferLABS US Equity Dynamic Buffer ETF0.79%
DVGRDAC 3D Dividend Growth ETF0.65%
MNZLManzil Russell Halal USA Broad Market ETF0.40%
AAUA
Alpha Architect US Equity 3 ETF8
0.0945%
AAUB
Alpha Architect US Equity 4 ETF8
0.0945%
AAUD
Alpha Architect US Equity 5 ETF8
0.0945%
AAUE
Alpha Architect US Equity 6 ETF8
0.0945%
ABCSAlpha Blue Capital US Small-Mid Cap Dynamic ETF0.40%December 12, 2023
AVRYAvory Foundational Equities ETF0.89%
SQSSapient Quality Select ETF0.80%
VPXVariant Perception Cycle Aware US Equity ETF0.80%
AVOSAvos Global Equities ETF0.50%
ENDQCambria Endowment Style 2 ETF0.00%
USLECambria US Large Cap Equity ETF0.25%
GEQCambria Global EW 2 ETF0.25%
GEXCambria Global EW 3 ETF0.25%
DTANSparkline International Intangible Value ETF0.55%September 4, 2024
STANSparkline US Small Cap Intangible Value ETF0.50%September 4, 2024
ETANSparkline Emerging Markets Intangible Value ETF0.60%September 4, 2024
NEWZStockSnips AI-Powered Sentiment US All Cap ETF0.75%March 9, 2024
EMEMSophus Capital Emerging Market ETF0.65%
EMSCSophus Capital Emerging Market Small Cap ETF0.85%
MNVTMoonvest ETF0.75%
BUSMEA Bridgeway Ultra-Small Company Market ETF0.73%


3


Ticker SymbolFundRate
Original Effective Date1
BRSVEA Bridgeway Select Small-Cap Value ETF0.79%
BAGXEA Bridgeway Aggressive Investors ETF0.73%
GTNDGoaltender ETF0.40%
HISHumilis US Focused Opportunities ETF0.54%
HISMHumilis US SMID Focused ETF0.54%
HISVHumilis US Large Cap Fundamental Value ETF0.50%
HISDHumilis US Dividend Growth Opportunities ETF0.50%
OTAXOptimal Tax Managed Equity ETF0.49%
BWQGBWM Quality Growth ETF0.70%
SGIVSignificance Capital Enhanced Alpha ETF0.60%
AAUS
Alpha Architect US Equity ETF8
0.0945%September 6, 2024
AAGL
Alpha Architect Global Equity ETF2
0.25%
BOXS
Alpha Architect 1-3 Year Box ETF2
0.1949%
BOXI
Alpha Architect Intermediate-Term Treasury Bond ETF2
0.1949%
BOXL
Alpha Architect Long-Term Treasury Bond ETF2
0.1949%
BOXA
Alpha Architect Aggregate Bond ETF2
0.1949%December 17, 2025
BOXP
Alpha Architect Inflation-Protected Securities ETF2
0.1949%
BOXR
Alpha Architect Real Estate ETF2
0.1949%
DRAI
Draco AI Evolution ETF2
0.85%June 24, 2024
TIHThe Investment House ETF1.00%
QFFQualivian Focus Fund ETF0.50%
CGFSCG Flagship Equity ETF0.57%
XUSMMarketDesk International Momentum ETF0.75%
SFEISequoia Select Equity Income ETF0.39%
SFLCSequoia Select Large Core ETF0.39%
SFLGSequoia Select Large Growth ETF0.39%
SFSMSequoia Select SMID ETF0.39%
SFGSSequoia Select Global Equity ETF0.39%
BWCEBrickworks Core US Equity ETF0.60%
BWEMBrickworks Extended Market ETF0.65%
AAWE3A All World Equity ETF0.49%
LUNCLongnook Uncommon Compounders ETF0.75%
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.
9 Reflects a 0.14% fee reduction effective July 20, 2026.
10 Reflects a 0.32% fee reduction effective July 20, 2026.


4


11 Formerly known as the Discipline Fund ETF.


(signature page follows)


5



IN WITNESS WHEREOF, the parties hereto have this Schedule A to be executed by their duly authorized officers as of September 2, 2026.
EMPOWERED FUNDS, LLCEA SERIES TRUST, on behalf of each Fund listed on this Schedule A
By:/s/Sean HegartyBy:/s/Michael D. Barolsky
Name:Sean HegartyName:Michael D. Barolsky
Title:Chief Operating OfficerTitle:Vice President and Secretary



6