0001571049-17-000899 Sample Contracts

EXPENSE LIMITATION AGREEMENT OF VALUE LINE DEFENSIVE STRATEGIES FUND
Expense Limitation Agreement • January 31st, 2017 • Value Line Funds Investment Trust • New York

EXPENSE LIMITATION AGREEMENT, effective as of January 11, 2017, by and among EULAV Asset Management (the “Manager”), Alpha Capital Funds Management, LLC (the “Adviser”), EULAV Securities LLC (the “Distributor”) and Value Line Funds Investment Trust, a Massachusetts business trust (the “Trust”), on behalf of its series Value Line Defensive Strategies Fund (the “Fund”).

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