Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 61

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 61
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 circumstances giving rise to any such condition, or may be waived
by us, in whole or in part, at any time and from time to time in our reasonable discretion. All such conditions must be satisfied or waived
by us, as applicable, at or before the expiration of the Exchange Offer.

If any of the foregoing conditions
are not satisfied, we may, at any time on or prior to the Expiration Date:

| · | terminate the Exchange Offer and promptly return all tendered Initial Notes to the respective tendering 
 holders;                                                                                                |

| · | modify, extend or otherwise amend the Exchange Offer and retain all tendered Initial Notes until the Expiration 
 Date, as extended, subject, however, to the withdrawal rights of holders; or                                    |

| · | waive the unsatisfied conditions with respect to the Exchange Offer and accept all Initial Notes that 
 have been tendered and not previously validly withdrawn.                                              |

We will not accept for exchange
any Initial Notes tendered, and no Exchange Notes will be issued in exchange for any such Initial Notes, in respect of the Exchange Offer,
if at such time any SEC stop order shall be threatened or in effect with respect to the Registration Statement or the qualification of
the Indenture under the Trust Indenture Act of 1939, as amended. The Company is required to use its commercially reasonable efforts
to obtain the withdrawal of any SEC order suspending the effectiveness of the Registration Statement at the earliest practicable date.

Exchange Agent

The Bank of New York Mellon
has been appointed as exchange agent for the Exchange Offer. Questions and requests for assistance and requests for additional copies
of this prospectus, or of the letter of transmittal, should be directed to the exchange agent as provided in the letter of transmittal.

Fees and Expenses

The expenses of soliciting
tenders pursuant to the Exchange Offer will be borne by us. The principal solicitation for tenders pursuant to the Exchange Offer is being
made by mail; however, additional solicitations may be made by telephone, telecopy or in person by the Company’s officers and regular
employees.

We will not make any payments
to brokers, dealers or other persons soliciting acceptances of the Exchange Offer. We will, however, pay the exchange agent reasonable
and customary fees for its services and will reimburse the exchange agent for its reasonable out-of-pocket expenses in connection therewith.
We may also pay brokerage houses and other custodians, nominees and fiduciaries the reasonable out-of