EX-99.(G)(1)(XIV) 2 easeriestrust_ex99g1xiv.htm EXHIBIT (G)(1)(XIV)

 

Exhibit (g)(1)(xiv)

 

THIRTIETH AMENDMENT TO THE

EA SERIES TRUST

CUSTODY AGREEMENT

 

This Thirtieth Amendment effective as of the last date in the signature block (the “Effective Date”) to the Custody Agreement, dated as of October 8, 2014, as amended (the “Agreement”), is entered into by and between EA Series Trust (f/k/a Alpha Architect ETF Trust), a Delaware statutory trust (the “Trust”) and U.S. Bank National Association, a national banking association (the “Custodian”).

 

RECITALS

 

WHEREAS, the parties have entered into the Agreement;

 

WHEREAS, the parties desire to amend the fee schedule, Exhibit C; and

 

WHEREAS, Article XV, Section 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties.

 

NOW, THEREFORE, the parties agree to amend the Agreement as follows:

 

Exhibit C is hereby superseded and replaced in its entirety with Exhibit C attached hereto.

 

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the Effective Date.

 

EA SERIES TRUST   U.S. BANK, NATIONAL ASSOCIATION
         
By: /s/ Patrick Cleary   By: /s/ Gregory Farley
         
Name: Patrick Cleary   Name: Gregory Farley
         
Title: Secretary   Title: Sr. Vice President
         
Date: 04/25/2023   Date: 04/27/2023

 

 

 

 

Exhibit C to the

EA Series Trust Custody Agreement

 

Base Fee for Custody Services

 

The following reflects the greater of the basis point fee or annual minimum where Empowered Funds, LLC dba ETF Architect (the “Adviser”) acts as investment adviser to the fund(s) in the EA Series Trust.

 

Annual Minimum per Fund2   Basis Points on Trust AUM2
$ 3,000 for All Funds   0.50 Balance

 

See APPENDIX C for Services and Associated Fees in addition to Base Fee

 

See Global Sub-Custodial Services & Safekeeping Services in addition to the Base Fee

 

2Each fund, regardless of asset size, will have fees allocated to it equal to the per fund minimum. Should the complex level basis point fee calculation exceed the complex level minimum fee level calculation, the fees in excess of the minimum will be allocated to each fund based on percent of AUM.

 

Once service line agreements are in place, should any service line agreement with U.S. Bank be terminated prior to the end of the five-year period, Adviser will be responsible for the balance of the minimum fees for the remainder of the five-year period.

 

Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements).

 

Fees are calculated pro rata and billed monthly

 

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Appendix C - Custody Services in addition to the Base Fee

 

[Fees Redacted]

 

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