Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 54

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 54
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 Notes along with 
 the letter of transmittal on or before the Expiration Date;                                     |

| · | the exchange agent must receive a timely confirmation of book-entry transfer of the Initial Notes into             
 the exchange agent’s account at The Depository Trust Company (“DTC”), under the procedure for book-entry transfers 
 described below along with a properly transmitted agent’s message, on or before the Expiration Date; or            |

| · | the holder must comply with the guaranteed delivery procedures described below. |

The method of delivery of
Initial Notes, letter of transmittal and all other required documents is at the election and risk of the holders. If such delivery is
by mail, it is recommended that registered mail, properly insured, with return receipt requested, be used. In all cases, sufficient time
should be allowed to ensure timely delivery. No Initial Notes, letters of transmittal or other required documents should be sent to us.
Delivery of all Initial Notes, if applicable, letters of transmittal and other documents must be made to the exchange agent before the
Expiration Date at its address set forth in the letter of transmittal. Holders may also request their respective brokers, dealers, commercial
banks, trust companies or nominees to effect such tender for such holders.

The tender by a holder of
Initial Notes will constitute an agreement between such holder, the Company and Allied World in accordance with the terms and subject
to the conditions set forth herein and in the applicable letter of transmittal. Any beneficial owner whose Initial Notes are registered
in the name of a broker, dealer, commercial bank, trust company or other nominee and who wishes to tender should contact such registered
holder promptly and instruct such registered holder to tender on its behalf.

Signatures on a letter of
transmittal or a notice of withdrawal, as the case may be, must be guaranteed by any member firm of a registered national securities exchange
or of the Financial Industry Regulatory Authority, Inc., a commercial bank or trust company having an office or correspondent in
the United States or an “eligible guarantor” institution within the meaning of Rule 17Ad-15 under the Exchange Act or
an eligible institution unless the Initial Notes tendered pursuant thereto are tendered (1) by a registered holder of Initial Notes
who has not completed the box entitled “Special Issuance Instructions” or “Special Delivery Instructions” on the
letter of transmittal, or (2) for the account of an eligible institution.

If a letter of