0001104659-20-050850 Sample Contracts

Restated Expense Limitation Agreement for Value Line VIP Equity Advantage Fund
Expense Limitation Agreement • April 24th, 2020 • Value Line Funds Variable Trust • New York

This RESTATED EXPENSE LIMITATION AGREEMENT, dated June 20, 2019, by and among EULAV Asset Management (the “Adviser”), EULAV Securities LLC (the “Distributor”) and Value Line Funds Variable Trust, a Massachusetts business trust (the “Trust”), on behalf of its series Value Line VIP Equity Advantage Fund (the “Fund”), restates the Expense Limitation Agreement, dated effective as of February 13, 2017, as amended and/or restated from time to time, to incorporate the amendment thereto dated May 1, 2019 (as restated on this date, the “Agreement”).

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AMENDMENT TO RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 24th, 2020 • Value Line Funds Variable Trust

This Amendment, effective as of May 1, 2020, amends the Restated Expense Limitation Agreement, dated June 20, 2019, of each Fund set forth on Schedule A (each, an “Agreement”), among such Fund, EULAV Asset Management (the “Adviser”) and, with respect to Funds other than Value Line Larger Companies Focused Fund, Inc., EULAV Securities LLC (the “Distributor”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Agreement.

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