Contract
EULAV Asset Management (the “Adviser”) and EULAV Securities LLC (the “Distributor”) each agree to extend the following fee waivers:
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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, 2011– May 31, 2012.
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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, 2011– May 31, 2012;
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Value Line Tax Exempt Fund, Inc.: The Distributor waives .25% of the Rule 12b-l fee for the period July 1, 2011– June 30, 2012;
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Dated this 10th day of March, 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 | ||||
| Value Line Mutual Funds |
