Energy Income Partners, LLC Letter Agreement February 15, 2019
Energy Income Partners, LLC
Letter Agreement
February 15, 2019
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To:
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Board of Trustees
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00 Xxxxxx Xxxxxx
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.
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Very truly yours,
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Energy Income Partners, LLC
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By: Xxx Xxx
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Name:
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Title:
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Acceptance
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The foregoing Agreement is hereby accepted.
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By: Xxxxx Xxxxxxx
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Name:
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Title:
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