Fee Waiver Agreement
Exhibit (h)(4)
EULAV Securities LLC (the “Distributor”) agrees to the following fee waivers:
Value Line Tax Exempt Fund, Inc.: The
Distributor waives 0.25% of the Rule 12b-1 fee for the period July 1, 2020– June 30, 2021;
Value Line Strategic Asset Management Trust: The Distributor waives 0.13% of the Rule 12b-1 fee for the period May 1, 2020-June 30, 2021.
Value Line Centurion Fund, Inc.: The Distributor waives 0.13% of the Rule 12-1 fee for the period May 1, 2020-June 30, 2021.
Dated this 18th day of March, 2020
| On behalf of the Distributor, | |||
| /s/ Xxxxxxxx Xxxxx | |||
| Xxxxxxxx Xxxxx, President | |||
| EULAV Securities LLC. | |||
| Received: | |||
| /s/ Xxxxx Xxxxxxxxxx |
Xxxxx Xxxxxxxxxx, Treasurer
Value Line Mutual Funds
