Energy Income Partners, LLC

Letter Agreement

February 15, 2019

To: Board of Trustees

EIP Investment Trust

10 Wright Street

Westport, CT 06880

Dear Sirs:

You have engaged us to act as the sole investment advisor to the EIP Growth and Income Fund (the “Fund”), a series of the EIP Investment Trust, a Delaware statutory trust, pursuant to a Management Agreement approved by the Board of Trustees.

Effective February 28, 2019, we hereby agree to waive our management fee and/or reimburse expenses so that the Fund’s total annual operating expenses, excluding: brokerage fees and commissions; borrowing costs (such as (i) interest and (ii) dividend expenses on securities sold short); taxes; any 12b-1 fees or fees paid pursuant to an Administrative Services Plan; any indirect expenses such as acquired fund fees and expenses; and extraordinary expenses do not exceed 1.25% of the Fund’s average daily net assets through February 29, 2020. We understand that we may not terminate this Agreement prior to such date, except that we may voluntarily agree to lower the expense cap below 1.25%.

Any waiver or reimbursement by us is subject to repayment by the Fund in the three years following the date the particular waiver or reimbursement is due; provided that the Fund is able to make the repayment without exceeding the 1.25% expense limitation.

Very truly yours,

Energy Income Partners, LLC

By: Eva Pao

Name:

Title:

Acceptance

The foregoing Agreement is hereby accepted.

EIP Investment Trust

By: James Murchie

Name:

Title: