Fee Waiver Agreement
Exhibit 99.(h)(2)
Fee Waiver Agreement
EULAV Asset Management, LLC. (the “Adviser”) and EULAV Securities LLC (the “Distributor”) each agree to extend the following fee waivers:
Value Line Convertible Fund, Inc.: The Adviser waives .125% of the advisory fee and the Distributor waives. 15% of the Rule 12b-l fee, for the period September 1, 2011 – August 31, 2012;
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Dated this 18th day of May, 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, LLC.
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EULAV Securities, Inc.
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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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