Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 58

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 58
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 eligible                                 
 institution a properly completed and duly executed letter of transmittal and notice of guaranteed delivery, substantially in the form 
 provided by us, which:                                                                                                                |

| (1) | sets forth the name and address of the holder of Initial Notes and identifies the Initial Notes tendered, 
 including the principal amount of such Initial Notes;                                                     |

| (2) | states that the tender is being made thereby; and |

| (3) | guarantees that within three business days after the Expiration Date, the letter of transmittal and any                               
 other documents required by the letter of transmittal and certificates representing the Initial Notes in proper form for transfer, or 
 a book-entry confirmation, will be deposited by the eligible institution with the exchange agent; and                                 |

| · | a properly completed and executed letter of transmittal and any other documents required by the letter                                   
 of transmittal as well as certificates representing all tendered Initial Notes in proper form for transfer, or a book-entry confirmation 
 and agent’s message, are received by the exchange agent within three business days after the Expiration Date.                            |

Withdrawal of Tenders

Tenders of Initial Notes
may be withdrawn at any time prior to the Expiration Date.

<div align='center'>- 35 -</div>

For a withdrawal to be effective,
a written notice of withdrawal must be received by the exchange agent prior to the Expiration Date at the address set forth in the letter
of transmittal. Any such notice of withdrawal must:

| · | specify the name of the person having tendered the Initial Notes to be withdrawn; |

| · | identify the Initial Notes to be withdrawn, including the principal amount of such Initial Notes; |

| · | in the case of Initial Notes tendered by book-entry transfer, specify the number of the account at DTC                                     
 from which the Initial Notes were tendered and specify the name and number of the account at DTC to be credited with the withdrawn Initial 
 Notes and otherwise comply with the procedures of such facility;                                                                           |

| · | contain a statement that such holder is withdrawing its election to have such Initial Notes exchanged; |

| · | be signed by the holder in the same manner as the original signature on the letter of transmittal by which                                   
 such Initial Notes were tendered including any required signature guarantees, or be accompanied by documents of transfer to have the trustee 
 with respect to the Initial Notes register the transfer of the Initial Notes in the name of the