Amendment No. 5
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated June 21, 2024
among
Empowered Funds, LLC, Alpha Architect, LLC, and EA Series Trust
The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate based on the daily net assets of the respective Fund in accordance with the following fee schedule:
Sub-Advisory Fee Schedule
FundFee
Original Effective Date1
Alpha Architect U.S. Quantitative Value ETF (QVAL)
0.14%2
June 21, 2024
Alpha Architect International Quantitative Value ETF (IVAL)
0.19%2
June 21, 2024
Alpha Architect U.S. Quantitative Momentum ETF (QMOM)
0.14%2
June 21, 2024
Alpha Architect International Quantitative Momentum ETF (IMOM)
0.19%2
June 21, 2024
Alpha Architect Global Factor Equity ETF (AAVM)0.15%*January 31, 2025
Alpha Architect High Inflation and Deflation ETF (HIDE)0.15%June 21, 2024
Alpha Architect US Equity ETF (AAUS)0.08%September 6, 2024
Alpha Architect International Equity ETF (AAGL)0.13%September 6, 2024
Alpha Architect US Equity 2 ETF (AAEQ)0.08%
Alpha Architect US Equity Growth ETF (AAGW)0.13%
Alpha Architect US Equity 3 ETF (AAUA)0.08%
Alpha Architect US Equity 4 ETF (AAUB)0.08%
Alpha Architect US Equity 5 ETF (AAUD)0.08%
Alpha Architect US Equity 6 ETF (AAUE)0.08%
* The sub-advisory fee applies on the daily average net assets of AAVM that are not invested in QVAL, IVAL, QMOM, or IMOM (collectively, the “Underlying Alpha Architect Funds”), subject to a minimum sub-advisory fee of 0.03%. For example, if 100% of AAVM’s assets are invested in the Underlying Alpha Architect Funds, the sub-advisory fee would be 0.03%. If one-third of AAVM’s assets are invested in the Underlying Alpha Architect Funds, the sub-advisory fee would be 0.10%. If 0% of AAMV’s assets are invested in the Underlying Alpha Architect Funds, the sub-advisory fee would be 0.15%.
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 sub-advisory fee was 0.01% higher prior to February 1, 2026.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of February 1, 2026.
EMPOWERED FUNDS, LLC
By: /s/ Sean Hegarty
Name: Sean Hegarty        
Title: Chief Operating Officer    
EA SERIES TRUST
By: /s/ Michael D. Barolsky
Name: Michael D. Barolsky    
Title: Secretary & Vice President    
ALPHA ARCHITECT, LLC
By: /s/ Wesley R. Gray
Name: Wesley R. Gray        
Title: CEO