Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 108

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 108
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 each holder or the beneficial owner thereof (including Bermuda Additional Amounts) after such withholding or deduction will not be
less than the amount such holder or beneficial owner would have received if such Bermuda Taxes had not been withheld or deducted; provided
that no Bermuda Additional Amounts shall be payable with respect to: (a) any Bermuda Tax which would not have been imposed but
for the fact that such holder or beneficial owner (i) was a resident, domiciliary or national of, or engaged in business or maintained
a permanent establishment or was physically present in, Bermuda or any political subdivision thereof or otherwise had some connection
with 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