Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 53

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 53
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-making or other trading activities, must acknowledge that it will deliver a prospectus meeting the requirements
of the Securities Act and that it has not entered into any arrangement or understanding with the Company or Allied World or an affiliate
of the Company or Allied World to distribute the Exchange Notes in connection with any resale of such Exchange Notes.

We have not entered into
any arrangement or understanding with any person who will receive Exchange Notes in the Exchange Offer to distribute such Exchange Notes
following completion of the Exchange Offer. We are not aware of any person that will participate in the Exchange Offer with a view to
distribute the Exchange Notes.

Upon consummation of the
Exchange Offer, any Initial Notes that are not tendered will remain outstanding and continue to accrue interest but, subject to certain
limited exceptions, holders of Initial Notes who do not exchange their Initial Notes for Exchange Notes in the Exchange Offer will no
longer be entitled to registration rights or the payment of additional interest. In addition, such holders will not be able to offer
or sell their Initial Notes, unless such Initial Notes are subsequently registered under the Securities Act, except pursuant to an exemption
from, or in a transaction not subject to, the Securities Act and applicable state securities laws. We will have no obligation to effect
a subsequent registration of the Initial Notes.

Expiration Date; Extensions; Amendments; Termination

The Expiration Date shall
be 5:00 p.m., New York City time, on , 2025, unless we, in our sole discretion, extend the Exchange
Offer, in which case the Expiration Date shall be 5:00 p.m., New York City time, on the date to which the Exchange Offer is extended.

To extend the Expiration
Date, we will notify the exchange agent of any extension by written notice and will notify the holders of Initial Notes by means of a
press release or other public announcement prior to 9:00 a.m., New York City time, on the next business day after the Expiration Date.
Such announcement will state that we are extending the Exchange Offer for a specified period of time.

We reserve the right:

| · | to                                                                                                
 delay acceptance of any Initial Notes, to extend the Exchange Offer or to terminate the Exchange  
 Offer and not permit acceptance of Initial Notes not previously accepted if any of the conditions 
 set forth under “— Conditions” shall have occurred and shall not have been                        
 waived prior to the Expiration Date, by giving written notice of such delay, extension or         
 termination