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Previous: UNIVERSAL SECURITY INSTRUMENTS INC, 10-Q, 1998-02-23 |
Next: VALLEY FORGE FUND INC, 485BPOS, 1998-02-23 |
Exhibit - 10 ii
Reimbursement Agreements
The Fund reimburses officers and directors not affiliated with the Investment
Adviser to compensate for travel expenses associated with performance of their
duties. A total of $3,457 was paid in this regard in 1997.
The Fund does not now, and has no plans to compensate officers and directors who
are affiliated with the Investment Advisor except indirectly through payment of
the management fee.
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