Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 105

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 105
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 present or future tax, duty, levy, impost, assessment or other governmental charge imposed or levied by or on behalf of the Government
of Canada or of any province or territory thereof or by any authority or agency therein or thereof having power to tax (hereinafter “Taxes”),
unless the Company is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. If the Company
is so required to withhold or deduct any amount for or on account of Taxes from any payment made under or with respect to the Notes,
the Company will pay as interest such additional amounts (“Additional Amounts”) as may be necessary so that the net
amount received by each holder of such Notes or the beneficial owner thereof (including Additional Amounts) after such withholding or
deduction will not be less than the amount such holder or beneficial owner would have received if such Taxes had not been withheld or
deducted; provided that no Additional Amounts will be payable with respect to: (a) any payment made to a holder of the Notes or
beneficial owner who is liable for such Taxes in respect of such Notes (i) by reason of such holder or beneficial owner, or any
other person entitled to payments on the Notes, being a person with which the Company does not deal at arm’s length (within the
meaning of the Income Tax Act(Canada) (the “Canadian Tax Act”)), (ii) by reason of such holder or beneficial
owner being a “specified shareholder” of the Company or not dealing at arm’s length with a “specified shareholder”
of the Company (as defined in subsection 18(5) of the Canadian Tax Act), (iii) by reason of such holder or beneficial owner
being a “specified entity” as defined in revised proposals to amend the Canadian Tax Act on November 28, 2023, with
respect to “hybrid mismatch arrangements” (which were enacted on June 20, 2024), (iv) by reason of the existence
of any present or former connection between such holder or beneficial owner (or between a fiduciary, settlor, beneficiary, member or
shareholder of, or possessor of power over, such holder or beneficial owner, if such holder or beneficial owner is an estate, trust,
partnership, limited liability company or corporation) and Canada or any province or territory thereof or therein or agency thereof or
therein other than the mere acquisition, holding, use or ownership or deemed holding, use or ownership