EXHIBIT H2 CONTRACTValley Forge Fund Inc • March 24th, 2009
Delaware Charter Guarantee & Trust Company, conducting business as Principal Trust Company ("Delaware Charter") and Valley Forge Management Corporation ("Valley Forge") (each a "Party" or collectively "Parties") have as of the 1st day of January, 2004 entered into the following agreement.
EXHIBIT H1 CONTRACTValley Forge Fund Inc • March 24th, 2009
The Fund is obligated to reimburse directors not affiliated with the Investment Adviser to compensate for travel and other expenses associated with performance of their duties. The cost of this reimbursment was $1,647 for the year 2008. As the Fund grows in total assets, the Board of Directors may authorize salaries commensurate with their duties. The Fund never has or plans to compensate officers, employees and directors who are affiliated with the Investment Adviser except indirectly through payment of the management fee.
