0000910472-08-000251 Sample Contracts

EXPENSE LIMITATION AGREEMENT BOYAR VALUE FUND, INC.
Expense Limitation Agreement • April 30th, 2008 • Boyar Value Fund Inc • New York

EXPENSE LIMITATION AGREEMENT, effective as of April 18, 2008 by and among Boyar Asset Management, Inc. (the “Adviser”), Ladenburg Thalmann Fund Management LLC (the “Manager”), Ladenburg Thalmann & Co., Inc. (the “Distributor”) and Boyar Value Fund, Inc. (the “Fund”), on behalf of each class of shares of the Fund set forth in Schedule A attached hereto.

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CONSULTING AGREEMENT
Consulting Agreement • April 30th, 2008 • Boyar Value Fund Inc • New York

This Consulting Agreement (the “Agreement”) is effective June 1, 2006, between FUND COMPLIANCE SERVICES, LLC, a Nebraska limited liability company located at 450 Wireless Boulevard, Hauppauge, NY 11788 (“FCS”), and THE BOYAR VALUE FUND, INC. a registered investment company organized as a Maryland Corporation, located at 450 Wireless Boulevard, Hauppauge, NY 11788 (the "Fund").

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