Fee Waiver Agreement
Exhibit 99.(h)(2)
EULAV Asset Management (the “Adviser”) and EULAV Securities LLC (the “Distributor”) each agree to the following fee waivers:
Value Line Core Bond Fund: The Adviser waives 0.10% of the advisory fee and the Distributor waives 0.05% of the Rule 12b-1 fee for the period June 1, 2013– June 30, 2014.
Value Line Tax Exempt Fund, Inc.: The Distributor waives 0.25% of the Rule 12b-1 fee for the period July 1, 2013 – June 30, 2014;
Value Line Larger Companies Fund, Inc.: The Distributor waives 0.25% of the Rule 12b-1 fee for the period May 1, 2013-June 30, 2014.
Value Line Fund, Inc.: The Distributor waives 0.25% of the Rule 12b-1 fee for the period May 1, 2013-June 30, 2014.
Value Line Strategic Asset Management Trust: The Distributor waives 0.15% of the Rule 12b-1 fee for the period May 1, 2013-June 30, 2014.
Value Line Centurion Fund, Inc.: The Distributor waives 0.15% of the Rule 12-1 fee for the period May 1, 2013-June 30, 2014
Value Line Income and Growth Fund, Inc: The Distributor waives 0.05% of the Rule 12b-1 fee for the period March 1, 2013 – June 30, 2014;
Value Line Asset Allocation Fund, Inc.: The Distributor waives 0.10% of the Rule 12b-1 fee for the period August 1, 2013 – July 31, 2014;
Dated this 27th day of February, 2013
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On behalf of the Distributor and the Adviser,
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/s/ Xxxxxxxx Xxxxx
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Xxxxxxxx Xxxxx, President
EULAV Asset Management
EULAV Securities LLC.
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Received:
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/s/ Xxxxx Xxxxxxxxxx
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Xxxxx Xxxxxxxxxx, Treasurer
Value Line Mutual Funds
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