Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 43

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 43
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If you do not validly tender your Initial Notes, you will not receive Exchange Notes in the Exchange Offer, and the resale restrictions applicable to the Initial Notes will continue to apply to those Initial Notes that are not validly exchanged.

Only Initial Notes that are
validly tendered (and not validly withdrawn) will be exchanged in the Exchange Offer and registered under the Securities Act. The Initial
Notes that are not so exchanged will continue to be subject to restrictions on transfer under applicable U.S. federal and state securities
laws, and while subject to such restrictions, may not be offered, sold or transferred in the United States except pursuant to an exemption
from the registration requirements of, or in a transaction not subject to, the Securities Act and applicable state securities laws, or
pursuant to an effective registration statement. Upon consummation of the Exchange Offer, certain registration and other rights under
the Registration Rights Agreement will terminate. We will issue Exchange Notes only in exchange for Initial Notes that are timely received
by the exchange agent, together with all required documents, including a properly completed and duly signed letter of transmittal or book-entry
confirmation or notice of guaranteed delivery. Therefore, you should allow sufficient time to ensure timely delivery of the Initial Notes
and should carefully follow the instructions on how to tender your Initial Notes.

We and the exchange agent
are not required to notify you of any defects or irregularities with respect to your tender of the Initial Notes. If you do not tender
your Initial Notes or if we do not accept your Initial Notes because you did not tender your Initial Notes properly, then, after consummation
of the Exchange Offer, you will continue to hold Initial Notes that are subject to existing transfer restrictions.

Although we may in the future
seek to acquire unexchanged Initial Notes in open market or privately negotiated transactions, through subsequent exchange offers or otherwise,
we have no present plans to acquire any unexchanged Initial Notes or to file with the SEC a shelf registration statement to permit resales
of any unexchanged Initial Notes. In addition, holders who do not tender their Initial Notes (except for the initial purchaser or holders
of Initial Notes (i) who are prohibited by applicable law or SEC policy from participating in the Exchange Offer, (ii) who may
not resell the Exchange Notes acquired in the Exchange Offer without delivering a prospectus or (iii) for whom this prospectus is
not appropriate or available for resales of Exchange Notes acquired in the Exchange Offer) will not