Fee Waiver Agreement
Exhibit
99.(h)(2)
Value Line Securities, Inc. (the
“Distributor”) and Value Line, Inc. (the “Adviser”) agrees to the following fee
waivers:
Value
Line Aggressive Income Trust: waive .40% of the advisory
fee and .10% of the Rule 12b-1 fee for the period of June 1, 2008 – May 31,
2009;
Value
Line New
YorkTax
Exempt Trust: waive .225% of the advisory
fee and .25% of the Rule 12b-1 fee for the period of June 1, 2008 – May 31,
2009;
Value
Line Tax Exempt Fund, Inc.: waive .25% of the Rule
12b-1 fee for the period of July 1, 2008 – June 30, 2009;
Value
Line Convertible Fund, Inc.: waive .125% of the advisory
fee and .15% of the Rule 12b-1 fee for the period of September 1, 2008 – August
30, 2009;
Value
Line U.S. Government Securities Fund, Inc.: waive .25% of the Rule
12b-1 fee for the period of January 1, 2009 – December 31,
2010.
Each waiver shall end on the expiration
date set forth next to the applicable Fund name as stated
above.
Dated this 15th
day of February,
2008
| On behalf of the Distributor and the Adviser, | |||
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/s/ Xxxx X. Xxxxxxx | |
| Xxxx X. Xxxxxxx, CEO | |||
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Received:
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/s/
Xxxxxxx Xxxxxxxxx
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Xxxxxxx
X. Xxxxxxxxx, Treasurer
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Value
Line Mutual Funds
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