Fee Waiver Agreement
Exhibit 99.(h)(2)
EULAV
Asset Management, LLC. (the “Adviser”) and EULAV Securities, Inc. (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-l fee, for the
period June 1, 2010 – May 31,
2011;
Value
Line New York Tax Exempt Trust: The Adviser waives .225% of
the advisory fee and the Distributor waives .25% of the Rule 12b-l fee, for the
period June 1, 2010 – May 31,
2011;
Value
Line Tax Exempt Fund, Inc.: The Distributor waives .25%
of the Rule 12b-l fee for the period July 1, 2010 – June 30,
2011;
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, 2010 – August 30,
2011;
Value
Line Larger Companies Fund, Inc.: The Distributor waives .25% of the Rule
12b-l fee for the period May 1, 2010-April 30, 2011.
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-l
fee for the period May l, 2010-April 30, 2011.
Value
Line U.S. Government Money Market Fund, Inc.: The Distributor waives .25%
of the Rule 12b-l fee for the period May 1, 2010-April 30, 2011.
Value
Line Strategic Asset Management Trust: The Distributor waives .15% of the
Rule 12b-l fee for the period May 1, 2010-April 30, 2011.
Value
Line Centurion Fund, Inc.: The Distributor waives .15% of the Rule 12-1
fee for the period May 1, 2010-April 30, 2011.
Value
Line U.S. Government Securities Fund, Inc.: The Distributor waives .25%
of the Rule 12b-l fee for the period January 1, 2011– December 31,
2011.
Value
Line Income and Growth Fund, Inc: The Distributor waives .05%
of the Rule 12b-l fee for the period March 1, 2010 – April 30,
2011;
Value
Line Asset Allocation Fund, Inc.: The Distributor waives .10%
of the Rule 12b-l fee for the period March 1, 2010 – July 31,
2011;
|
Dated
this 11th day of March, 2010
|
|||
|
On
behalf of the Distributor and the Adviser,
|
|||
| /s/ Xxxxxxxx Xxxxx |
|
||
| Xxxxxxxx Xxxxx, President | |||
|
EULAV
Asset Management, LLC.
|
|||
|
EULAV
Securities, Inc.
|
|||
|
Received:
|
|||
| /s/ Xxxxx Xxxxxxxxxx |
|
||
| Xxxxx Xxxxxxxxxx, Treasurer | |||
|
Value
Line Mutual Funds
|
|||
