Alpha Architect LLC

ITEM 5 – FEES & COMPENSATION

       INVESTMENT ADVISORY FEES

       BILLING PRACTICES

Alpha Architect deducts fees according to the terms of your investment management agreement.
The Management Fee is calculated and may be charged on a daily or monthly basis, in arrears. For
accounts with daily billing, the fees are charged daily based on the end-of-day net asset value of
the account, automatically deducted by Interactive Brokers, and paid to Alpha Architect. For
accounts with monthly billing, the fees are charged monthly based on end-of-of-month net asset
value or QRP value. Monthly fees are billed at the beginning of each month.

Partial periods may occur at account inception and termination; fees for partial periods are
prorated.

Fees are usually deducted from a designated client account to facilitate billing. Clients must
consent, in advance, to direct debiting of their investment accounts. For direct debit accounts,
Alpha Architect either submits an invoice to your custodian with the amount of the advisory fee or
the custodian calculates the fee in accordance with your billing terms. That amount is then
deducted from the account. Furthermore, your custodian will send you account statements at least
quarterly showing the deduction of the management or advisory fee. You should carefully review
all account statements your custodian sends to you.

       DISCRETIONARY AND NON-DISCRETIONARY ADVISORY SERVICES

Upon your engagement with Alpha Architect to provide separately managed account services, Alpha
Architect shall perform such services for an annual fee based on a percentage of your assets under
management (the “Separately Managed Account Management Fee”).

       SEPARATELY MANAGED ACCOUNT FEES

The Separately Managed Account Management Fee will be exclusive of and in addition to
brokerage commissions, transaction fees, borrowing costs, and any other costs or expenses
incurred by the client and payable to the client’s broker. Alpha Architect will not receive any portion

of these commissions, transaction fees, or other brokerage costs.

The standard investment management fee structure for Separately Managed Account
Management is as follows:

         Asset Value                  Rate
         Under $1,000,000             1.00%
         Over $1,000,000              Negotiable

All fees and account minimums are negotiable and may be discounted based on various factors
including the client’s relationship to Alpha Architect, the complexity of the strategy, the account
type or account value. At the firm’s discretion, and depending on the facts and circumstances, fees
may be reduced to zero.

The schedules above only reflect Alpha Architect’s investment management fee. See Items 10 and
11 for more information on potential additional costs that may be associated with your account.

Alpha Architect, if suitable to your objectives, will invest Client assets in investment companies
managed by a related adviser. In such a scenario, Alpha Architect will receive fees from the
management of Fund assets, and the related adviser will receive an investment management fee
from the investment company(ies) it advises. See Items 10 and 11 for detailed disclosures.

      1042 QUALIFIED REPLACEMENT PROPERTY ACCOUNTS

For 1042 Qualified Replacement Property (“QRP”) accounts, the Advisor oversees the entire QRP
transaction and QRP tax status thereof.

The maximum Management Fee for this account type is 1.0% of the gross, levered account value,
and a maximum of 7.0% of the unlevered account value each year. For example, a QRP account
with a levered value of $1,000,000 and an unlevered value of $250,000 could be charged up to
$10,000 (1.0% of levered value, but 4.0% of unlevered value) over a 12- month period.

QRP management fees may be higher than other similar accounts in the strategy if the
management of your account is more complex. These factors can include, but are not limited to,
additional counterparties that require more investment-related coordination, the amount of
anticipated leverage within the account and reporting or planning requirements. Management fees
for these accounts are higher than those that traditional Separately Managed Accounts charge on
their unlevered value due to the complexity, oversight, and ongoing support unique to the 1042 QRP

service. Your fee schedule, regardless of account complexity, will not exceed the maximum fee
schedule stated above.

Fees are negotiable based upon strategy complexity, holdings, and size of investment.

         PERFORMANCE FEES

You and Alpha Architect may agree upon a performance fee if you are deemed a Qualified Client
under 275.205-3(d)(1) of the Investment Advisers Act of 1940. Additional operating expenses may
apply.

         CONSULTING SERVICES – ETF WHITE LABEL

A commonly controlled affiliate of the Adviser (Empowered Funds, LLC, dba ETF Architect) serves
as the adviser to ETFs on the EA Series Trust (the “Trust”). This arrangement is a white-label platform
whereby third-party fund sponsors can partner with ETF Architect and sponsor an ETF on the Trust
(“Platform Service Agreements”). For these services (wholly contingent upon approval by the
Independent Board of Trustees of the Trust), ETF Architect receives a servicing fee, which covers its
costs and compensates its personnel for services rendered. The personnel and resources of ETF
Architect are shared with the Adviser. Fees are typically billed monthly in arrears and deducted
against any management fees recovered.

         CONSULTING SERVICES – GENERAL

Fees for consulting services are negotiated on a case-by-case basis depending on the parameters
of the consulting engagement. Our consulting fees consist of a fixed component of $5,000 and an
hourly component that runs $500.00 per hour. We may choose to negotiate a lower fee arrangement
with a client based on a variety of factors, including complexity, scope, and your relationship to Alpha
...

ITEM 7 – TYPES OF CLIENTS

       DESCRIPTION

Alpha Architect provides separately managed account services to high-net-worth individuals,
institutions, corporations, registered investment companies (via a commonly controlled affiliate),
donor advised funds and other business entities. Client relationships vary in scope and length. Alpha
Architect does not limit services to the types of clients we currently serve.

       ACCOUNT MINIMUMS

Alpha Architect’s investment minimums vary according to investment. Generally, Alpha Architect
requires a minimum account size over $1 million, depending on the investment strategy, to
establish a Separately Managed Account.

Alpha Architect’s 1042 QRP Strategy generally requires an account size of at least $1 million to
establish an account.

Alpha Architect, at our sole discretion, maintains the ability to require a larger amount or to waive
such minimums at its discretion.

The minimum investment required to invest in a Series Fund of the Alpha Architect Funds is
described in each fund’s prospectus.