Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 114

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 114
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 by the Company or one or more other subsidiaries,
or by the Company and one or more other subsidiaries. As of the date hereof, each of the Company’s licensed insurance company subsidiaries
is a restricted subsidiary.

Amalgamation, Consolidation, Merger, Conveyance, Transfer or Lease.The Indenture provides that the Company and/or Allied World shall not
amalgamate or consolidate with or merge into any other corporation or convey, transfer or lease its properties and assets substantially
as an entirety to any other person, unless, (i) the corporation formed by such consolidation or amalgamation or into which the Company
and/or Allied World merged or the person which shall have acquired or leased such properties or assets (if other than the Company and/or
Allied World) shall be a corporation, partnership, company or trust organized and validly existing under the laws of Canada or any province
thereof or the United States, any state thereof or the District of Columbia, and shall expressly assume by supplemental Indenture the
Company and/or Allied World (as applicable) obligation for the due and punctual payment of the principal of (and premium, if any, on)
and interest on all the outstanding securities issued under the Indenture, all other amounts payable by the Company and/or Allied World
(as applicable) pursuant to the Indenture and the performance and observance of every covenant of the Indenture on the Company or Allied
World’s part to be performed or observed, (ii) immediately after giving effect to such transaction, no event of default or
event that after notice or passage of time or both would be an event of default shall have occurred and be continuing and (iii) the
Company or Allied World (as applicable) has delivered to the trustee an officers’ certificate and an opinion of counsel, each stating
that such amalgamation, consolidation, merger, conveyance, transfer or lease, and supplemental Indenture (if any), complies with this
covenant and that all conditions precedent provided for in the Indenture relating to such transaction have been complied with.

Available Information.So long as the Notes are “restricted securities” within the meaning of Rule 144 under the U.S.
Securities Act (“Rule 144”), both the Company and Allied World are not subject to the reporting requirements of
the Exchange Act, the Company and Allied World will furnish to any holder of Notes, or to any prospective purchaser designated by such
a holder, upon the request of the holder, the business