Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 137

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 137
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 law will be passed upon by Conyers Dill & Pearman
Limited.

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INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

The consolidated financial
statements of the Company as of and for the years ended December 31, 2024 and 2023 incorporated by reference in this prospectus,
and the effectiveness of internal control over financial reporting as of December 31, 2024, have been audited by PricewaterhouseCoopers
LLP, an independent registered public accounting firm, as stated in their report incorporated by reference herein.

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PART II

INFORMATION NOT REQUIRED IN Prospectus</div>

Item 20. Indemnification of Officers and Directors

Canada

The by-laws of the Company
provide that, subject to the relevant provisions of the Canada Business Corporations Act, the Company shall indemnify a director
or officer of the Company, a former director or officer of the Company, or another individual who acts or acted at the Company’s
request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges and expenses,
including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal,
administrative, investigative or other proceeding in which the individual is involved because of that association with the Company or
such other entity if (i) the individual acted honestly and in good faith with a view to the best interests of the Company or, as
the case may be, to the best interests of the other entity for which the individual acted as a director or officer or in a similar capacity
at the Company’s request; and (ii) in the case of a criminal or administrative action or proceeding that is enforced by a monetary
penalty, the individual has reasonable grounds for believing that the individual’s conduct was lawful.

The Company also maintains
insurance for the benefit of its directors and officers against liability in their respective capacities as directors and officers. The
directors and officers are not required to pay any premium in respect of the insurance. The policy contains standard industry exclusions.

Bermuda

Section 98 of the Bermuda
Companies Act provides generally that a Bermuda company may indemnify its directors, officers and auditors against any liability that
by virtue of any rule of law would otherwise be imposed on them in respect of any negligence, default, breach of duty or breach of