Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 109

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 109
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 Bermuda other than by reason of the mere ownership of, or receipt of payment under, this Note, (ii) presented this Note for
payment in Bermuda or any political subdivision thereof, unless this Note could not have been presented for payment elsewhere, or (iii) presented
this Note for payment more than 15 days after the date on which such payment or this Note became due and payable or the date on which
payment thereof is duly provided for, whichever is later (except to the extent that the holder of such Note would have been entitled to
such Bermuda Additional Amounts had this Note been presented on the last day of such 15-day period); (b) any estate, inheritance,
gift, sales, transfer, excise or personal property tax or any similar Bermuda Taxes; (c) any tax by reason of such holder or beneficial
owner’s failure to comply with any certification, identification, documentation or other reporting requirements if compliance is
required by law, regulation, administrative practice or an applicable treaty as a pre-condition to exemption from, or a reduction in the
rate of deduction or withholding of, such Bermuda Taxes to the extent such holder or beneficial owner is legally entitled to such exemption
or reduction; (d) any withholding or deduction imposed on a payment to a holder or beneficial owner pursuant to Sections 1471 to
1474 of the Code, or any successor version thereof, any agreements entered into pursuant to current Section 1471(b)(1) of
the Code, and any fiscal or regulatory legislation, rules or official guidance, adopted pursuant to any intergovernmental agreement
among governmental authorities entered into in connection with the implementation of the foregoing, or any Bermuda Taxes or penalties
that arise from the holder or beneficial owner’s failure to properly comply with its obligations with respect to FATCA; (e) any
Bermuda Taxes which are payable otherwise than by withholding or deduction from any payment made under or with respect to the Notes; or
(f) any combination of the foregoing clauses (a) to (e); nor shall such Bermuda Additional Amounts be paid with respect to
any payment on any Notes to a holder or beneficial owner who is a fiduciary or partnership or, other than the sole beneficial owner of
the Notes, to the extent that a beneficiary or settlor with respect to such fiduciary, or a member of such partnership or a beneficial
owner thereof would not have been entitled to receive a payment of such Bermuda Additional Amounts had such beneficiary, settlor, member
or