FEE WAIVER AGREEMENTFee Waiver Agreement • November 23rd, 2005 • Merrill Lynch Focus Value Fund
Contract Type FiledNovember 23rd, 2005 CompanyTHIS FEE WAIVER AGREEMENT (the "Agreement") is signed as of October 31, 2005 by Fund Asset Management, L.P. (the "Investment Adviser") and Merrill Lynch Focus Value Fund, Inc. (the "Fund").