THIRD PARTY SECURITIES LENDING AUTHORIZATION AGREEMENTSecurities Lending Authorization Agreement • April 27th, 2017 • Chou America Mutual Funds • New York
AGREEMENT, dated as of December 29, 2016 between Chou America Mutual Funds (the "Client"), a Delaware statutory trust, on behalf of the series, each a fund, severally and not jointly, identified on Attachment 1 hereto, as amended, modified or supplemented from time to time (each a "Lender" and collectively the "Lenders"), and The Bank of New York Mellon ("Bank").
