Company: FRFXF
Filing Date: 2025-10-09
Form Type: F-10/A
Source: 0001104659-25-098335
Chunk: 61

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-09
Form: F-10/A
Chunk 61
---
 of the Initial Notes of the applicable series. If the Company fails to comply with certain obligations under the Registration Rights Agreement with respect to the applicable series of Initial Notes, we will be required to pay additional interest to holders of the Initial Notes of such series.

Upon the terms and subject to the conditions set forth in the Registration Statement, which includes this short form prospectus, and in the letter of transmittal, all Initial Notes validly tendered and not validly withdrawn prior to the applicable Expiration Date will be accepted for exchange. Exchange Notes of the applicable series will be issued in exchange for an equal principal amount of outstanding Initial Notes of such series accepted in the applicable Exchange Offer. This short form prospectus, together with the letter of transmittal, is being sent to all holders of Initial Notes upon effectiveness of the Registration Statement. Neither of the Exchange Offers is conditioned upon any minimum principal amount of Initial Notes of the applicable series being tendered for exchange. However, our obligation to accept Initial Notes for exchange pursuant to an Exchange Offer is subject to certain customary conditions as set forth herein under “— Conditions.”

Initial Notes shall be deemed to have been accepted as validly tendered when, as and if the Company has given written notice thereof to The Bank of New York Mellon, the exchange agent for each Exchange Offer. The exchange agent will act as agent for the tendering holders of Initial Notes of both series for the purposes of receiving the Initial Notes and delivering Exchange Notes of the applicable series to such holders.

Based on the Company’s understanding of interpretations of the Securities Act by the staff of the SEC set forth in several no-action letters to third parties, including Exxon Capital Holdings Corporation (available May 13, 1988), Morgan Stanley & Co. Incorporated (available June 5, 1991) and Shearman & Sterling (available July 2, 1993), the Company believes that holders who (i) are not “affiliates” of the Company within the meaning of Rule 405 under the Securities Act, (ii) acquire their Exchange Notes in the ordinary course of business, (iii) do not engage in, intend to engage in, or have arrangements to participate in a distribution (within the meaning of the Securities Act) of the Exchange Notes, and (iv) are not broker-dealers, may offer for resale, resell or otherwise transfer the Exchange Notes without compliance with the registration and prospectus delivery requirements of the Securities Act. Holders described in the preceding sentence must tell the Company in writing at