0001144204-18-021780 Sample Contracts

PERMANENT FEE WAIVER TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 23rd, 2018 • Value Line Funds Variable Trust

This Permanent Fee Waiver Agreement (“Permanent Waiver”) is entered into as of June 15, 2017 between Value Line Funds Variable Trust, on behalf of its series Value Line VIP Equity Advantage Fund (the “Fund”), and EULAV Asset Management, a Delaware statutory trust (the “Adviser” and, together with the Fund, the “Parties”), to supplement the Investment Advisory Agreement, dated as of December 11, 2014, between the Parties (the “Advisory Agreement”).

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