Fee Waiver Agreement
Exhibit 99.(h)(2)
EULAV Asset Management (the “Adviser”) and EULAV Securities LLC (the “Distributor”) each agree to extend the following fee waivers:
Value Line Aggressive Income Trust: The Adviser waives .20% of the advisory fee and the Distributor waives .10% of the Rule 12b-1 fee for the period June 1, 2011– May 31, 2012.
Value Line New York Tax Exempt Trust: The Adviser waives .225% of the advisory fee and the Distributor waives .25% of the Rule 12b-1 fee, for the period June 1, 2011– May 31, 2012;
Value Line Tax Exempt Fund, Inc.: The Distributor waives .25% of the Rule 12b-1 fee for the period July 1, 2011 – June 30, 2012;
Dated this 10th day of March, 2011
On behalf of the Distributor and the Adviser,
/s/ Xxxxxxxx Xxxxx
Xxxxxxxx Xxxxx, President
EULAV Asset Management
EULAV Securities LLC.
Received:
/s/ Xxxxx Xxxxxxxxxx
Xxxxx Xxxxxxxxxx, Treasurer
Value Line Mutual Funds
