Company: FRFXF
Filing Date: 2025-10-01
Form Type: F-10
Source: 0001104659-25-095645
Chunk: 61

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-01
Form: F-10
Chunk 61
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 Registration Statement has been filed to satisfy our registration obligations with respect to the Registration Rights Agreement, and the Exchange Offers are intended to comply with the requirements of the Registration Rights Agreement. Accordingly, the Company is required to keep each of the Exchange Offers open for at least 20 business days (or longer if required by law) after the date notice of the applicable Exchange Offer is given to holders of the Initial Notes of the applicable series. If the Company fails to comply with certain obligations under the Registration Rights Agreement with respect to the applicable series of Initial Notes, we will be required to pay additional interest to holders of the Initial Notes of such series.

Upon the terms and subject to the conditions set forth in the Registration Statement, which includes this short form prospectus, and in the letter of transmittal, all Initial Notes validly tendered and not validly withdrawn prior to the applicable Expiration Date will be accepted for exchange. Exchange Notes of the applicable series will be issued in exchange for an equal principal amount of outstanding Initial Notes of such series accepted in the applicable Exchange Offer. This short form prospectus, together with the letter of transmittal, is being sent to all holders of Initial Notes upon effectiveness of the Registration Statement. Neither of the Exchange Offers is conditioned upon any minimum principal amount of Initial Notes of the applicable series being tendered for exchange. However, our obligation to accept Initial Notes for exchange pursuant to an Exchange Offer is subject to certain customary conditions as set forth herein under “— Conditions.”

Initial Notes shall be deemed to have been accepted as validly tendered when, as and if the Company has given written notice thereof to The Bank of New York Mellon, the exchange agent for each Exchange Offer. The exchange agent will act as agent for the tendering holders of Initial Notes of both series for the purposes of receiving the Initial Notes and delivering Exchange Notes of the applicable series to such holders.

Based on the Company’s understanding of interpretations of the Securities Act by the staff of the SEC set forth in several no-action letters to third parties, including Exxon Capital Holdings Corporation (available May 13, 1988), Morgan Stanley & Co. Incorporated (available June 5, 1991) and Shearman & Sterling (available July 2, 1993), the Company believes that holders who (i) are not “affiliates” of the Company within the meaning of Rule 405 under the Securities Act, (ii) acquire their Exchange Notes in the ordinary course of business, (iii) do not engage in, intend to