Company: FRFXF
Filing Date: 2025-10-01
Form Type: F-10
Source: 0001104659-25-095645
Chunk: 128

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-01
Form: F-10
Chunk 128
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 amounts payable by the Company under the Indenture in respect of the Notes of a series. The Company will only add a Co-Obligor of such Notes of such series if the Company determines that adding a Co-Obligor would (i) not result in a deemed sale or exchange of the Notes of such series by any holder for U.S. federal income tax purposes under applicable then existing Treasury Regulations promulgated under the Code or a disposition of the Notes of such series by any holder for Canadian federal income tax purposes and (ii) not adversely affect the interests of the holders of any outstanding series of securities under the Indenture in any material respect.

As of the date hereof, the Company has not added any Co-Obligor in respect of the Initial Notes and, upon completion of the Exchange Offer, the Exchange Notes will not have any Co-Obligors as of the issue date of such Exchange Notes.

#### Discharge, Defeasance and Covenant Defeasance
The Company may discharge certain obligations to holders of Notes of a series which have not already been delivered to the trustee for cancellation and which have either become due and payable or are by their terms due and payable within one year by irrevocably depositing with the trustee trust funds in an amount sufficient to pay at maturity the principal of and interest on the Notes of such series.

The Company may, at its option, and at any time, elect to have its obligations discharged with respect to all outstanding Notes of a series. This is referred to as “defeasance.” Such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the outstanding Notes of a series and to have satisfied its other obligations with respect to such Notes under the Indenture, except for (i) the rights of the holders of outstanding Notes of a series to receive, solely from the trust fund described below, payments in respect of the principal of (and premium, if any) and interest on such Notes when such payments are due, (ii) the Company’s obligations with respect to the Notes of a series relating to the issuance

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of temporary Notes, the registration, transfer and exchange of Notes, the replacement of mutilated, destroyed, lost or stolen Notes, the maintenance of an office or agency for payment of the Notes, and the holding of money for security payments in trust and statements as to compliance with the Indenture, (iii)