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 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 | ||
|
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
|
