0000894189-10-004071 Sample Contracts

OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • October 29th, 2010 • Matrix Advisors Value Fund Inc • Maryland

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 1ST day of September, 2010, by and between Matrix Advisors Value Fund, Inc., a Maryland corporation (the “Fund”) and the Advisor of the Fund, Matrix Asset Advisors, Inc. (the “Advisor”).

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MATRIX ADVISORS VALUE FUND FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 29th, 2010 • Matrix Advisors Value Fund Inc

THIS FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT is made as of the 1st day of September, 2010, by and between MATRIX ADVISORS VALUE FUND, INC. (the “Fund”), a Maryland corporation, and MATRIX ASSET ADVISORS, INC. (the “Advisor”).

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