Fee Waiver Agreement
Exhibit (h)(3)
EULAV Securities LLC (the “Distributor”) agrees to the following fee waivers:
Value Line Tax Exempt Fund, Inc.: The Distributor waives 0.25% of the Rule 12b-1 fee for the period July 1, 2016 – June 30, 2020;
Value Line Strategic Asset Management Trust: The Distributor waives 0.13% of the Rule 12b-1 fee for the period May 1, 2016-June 30, 2020.
Value Line Centurion Fund, Inc.: The Distributor waives 0.13% of the Rule 12-1 fee for the period May 1, 2016-June 30, 2020.
Dated this 25th day of February 2019
On behalf of the Distributor,
/s/ Xxxxxxxx Appel________
Xxxxxxxx Xxxxx, President
EULAV Securities LLC.
Received:
/s/ Xxxxx Washington________
Xxxxx Xxxxxxxxxx, Treasurer
Value Line Mutual Funds
