Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 126

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 126
---
World have irrevocably appointed Fairfax (US) Inc., 401 East Corporate Drive, Suite 200 Lewisville, TX 75057, as its authorized agent
for service of process in any legal action or proceeding arising out of or relating to the Indenture and the Notes for actions brought
under U.S. federal or state securities laws or for actions brought by either trustee or for any actions arising out of or related to the
Indenture or the Notes in any New York Court, and has irrevocably submitted to the jurisdiction of the New York Courts for such purposes.

<div align='center'>Governing Law</div>

The Indenture and the Notes
are governed by and shall be construed in accordance with the laws of the State of New York.

<div align='center'>Trustees, Paying Agent and Securities Registrar</div>

The Bank of New York Mellon
of 240 Greenwich Street, Floor 7E, New York, New York, 10286, U.S.A. currently acts as U.S. trustee, paying agent and securities registrar
for the Notes.

Computershare Advantage Trust
of Canada (formerly BNY Trust Company of Canada) of 88A East Beaver Creek Rd., Richmond Hill, Ontario, Canada, L4B 4A8 currently acts
as Canadian trustee for the Notes.

<div align='center'>- 69 -

CERTAIN ERISA CONSIDERATIONS</div>

General

The U.S. Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), imposes certain requirements on employee benefit plans subject to
Title I of ERISA and on entities that are deemed to hold the assets of such plans (“ERISA Plans”), and on those persons
who are fiduciaries with respect to ERISA Plans. Investments by ERISA Plans are subject to ERISA’s general fiduciary requirements,
including, but not limited to, the requirement of investment prudence and diversification and the requirement that an ERISA Plan’s
investments be made in accordance with the documents governing the plan.

Section 406 of ERISA
and Section 4975 of the Code, prohibit certain transactions involving the assets of an ERISA Plan (as well as those plans that
are not subject to ERISA, but are subject to Section 4975 of the Code, such as individual retirement accounts (together with ERISA
Plans, “Plans”)) and certain persons (referred to as “parties in interest” or