Fee Waiver Agreement
Exhibit 99.(h)(3)
EULAV Asset Management (the “Adviser”) and EULAV Securities LLC (the “Distributor”) each agree to extend the following fee waivers:
Value Line Larger Companies Fund, Inc.: The Distributor waives .25% of the Rule 12b-1 fee for the period May 1, 2011-April 30, 2012.
Value Line Fund, Inc.: On the first $100 million of the Fund’s average daily net assets, the Adviser waives .10% of the advisory fee; on any additional assets, the Adviser waives .15% of the advisory fee, in each instance for the period May 1, 2010-April 30, 2011. The Distributor waives .25% of the Rule 12b-1 fee for the period May 1, 2011-April 30, 2012.
Value Line U.S. Government Money Market Fund, Inc.: The Distributor waives .25% of the Rule 12b-1 fee for the period May 1, 2011-April 30, 2012.
Value Line Strategic Asset Management Trust: The Distributor waives .15% of the Rule 12b-1 fee for the period May 1, 2011-April 30, 2012.
Value Line Centurion Fund, Inc.: The Distributor waives .15% of the Rule 12-1 fee for the period May 1, 2011-April 30, 2012.
Value Line Income and Growth Fund, Inc: The Distributor waives .05% of the Rule 12b-1 fee for the period March 1, 2011 – April 30, 2012;
| Dated this 23rd day of February, 2011 | ||
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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
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EULAV Asset Management
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EULAV Securities LLC.
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Received:
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/s/ Xxxxx Xxxxxxxxxx
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Xxxxx Xxxxxxxxxx, Treasurer
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Value Line Mutual Funds
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