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 | On behalf of the Distributor and the Adviser, | |
| /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | ||
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▇▇▇▇▇▇▇▇ ▇▇▇▇▇, President
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EULAV Asset Management
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EULAV Securities LLC.
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Received:
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Treasurer
Value Line Mutual Funds