0000315774-11-000345 Sample Contracts

DISTRIBUTION AGREEMENT

Distribution Agreement • December 15th, 2011 • Chou America Mutual Funds • New York

• Contract Type
  Distribution Agreement
• Filed
  December 15th, 2011
• Company
  Chou America Mutual Funds
• Jurisdiction
  New York

THIS AGREEMENT is made as of June 30, 2011, between Chou America Mutual Funds (“Fund”), a Delaware statutory trust, Chou America Management Inc., a Canadian corporation (“Adviser”) and Rafferty Capital Markets, LLC, (“RCM”), a corporation organized and existing under the laws of the State of New York.