Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 136

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 136
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 acquired as a result of market-making or other
trading activities. We have agreed to make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection
with any such resale or transfer for a period ending on the earlier of (i) 180 days after the date on which the Registration Statement
is declared effective by the SEC and (ii) the date on which participating broker-dealers are no longer required to deliver a prospectus
in connection with market-making or other trading activities.

We will not receive any proceeds
from any sale of Exchange Notes by broker-dealers. Exchange Notes received by broker-dealers for their own account pursuant to the Exchange
Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the
writing of options on the Exchange Notes or a combination of such methods of resale, at market prices prevailing at the time of resale,
at prices related to such prevailing market prices or at negotiated prices. Any such resale may be made directly to purchasers or to or
through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer and/or the
purchasers of any of the Exchange Notes.

For a period of 180 days
after the expiration of the Exchange Offer or, if shorter, for a period ending on the date on which a broker-dealer is no longer required
to deliver a prospectus in connection with market-making or other trading activities, we will promptly send additional copies of this
prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the letter of transmittal.
We have agreed to (i) pay all expenses incident to the Exchange Offer, other than (a) commissions or concessions of any brokers
or dealers, (b) in certain circumstances described under “The Exchange Offer — Terms of the Exchange Offer — Fees
and Expenses”, transfer taxes and (c) any other taxes you may incur; and (ii) indemnify the holders of the Initial Notes
(including any broker-dealer) against certain liabilities, including liabilities under the Securities Act.

<div align='center'>- 76 -

LEGAL MATTERS</div>

Certain legal matters relating
to the Exchange Notes offered by this prospectus will be passed upon on our behalf by Torys LLP, New York, New York, and Toronto, Canada,
with respect to U.S. and Canadian law. Certain matters with respect to Bermuda