Company: FRFXF
Filing Date: 2025-10-01
Form Type: F-10
Source: 0001104659-25-095645
Chunk: 54

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-01
Form: F-10
Chunk 54
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 Securities Act and applicable state securities laws, or pursuant to an effective registration statement. Upon consummation of each Exchange Offer, certain registration and other rights under the Registration Rights Agreement will terminate. The Company will issue Exchange Notes only in exchange for Initial Notes of the applicable series that are timely received by the exchange agent, together with all required documents, including a properly completed and duly signed letter of transmittal or book-entry confirmation or notice of guaranteed delivery. Therefore, you should allow sufficient time to ensure timely delivery of the Initial Notes and should carefully follow the instructions on how to tender your Initial Notes.

Neither the Company nor the exchange agent is required to notify you of any defects or irregularities with respect to your tender of the Initial Notes. If you do not tender your Initial Notes or if the Company does not accept your Initial Notes because you did not tender your Initial Notes properly, then, after consummation of the applicable Exchange Offer, you will continue to hold Initial Notes that are subject to existing transfer restrictions.

Although the Company may in the future seek to acquire unexchanged Initial Notes in open market or privately negotiated transactions, through subsequent exchange offers or otherwise, the Company has no present plans to acquire any unexchanged Initial Notes or to file with the SEC a shelf registration statement or a prospectus with any securities regulatory authority in Canada to permit resales of any unexchanged Initial Notes. In addition, holders who do not tender their Initial Notes (except for the initial purchaser or holders of Initial Notes of the applicable series (i) who are prohibited by applicable law or SEC policy from participating in the applicable Exchange Offer, (ii) who may not resell the Exchange Notes acquired in the applicable Exchange Offer without delivering a prospectus or (iii) for whom this short form prospectus is not appropriate or available for resales of Exchange Notes acquired in the applicable Exchange Offer) will not have any further registration rights and will not have the right to receive additional interest on their Initial Notes of the applicable series.

The market for the Initial Notes may be significantly more limited after the Exchange Offers.

Because we anticipate that most holders of Initial Notes will elect to exchange their Initial Notes, it is likely that the liquidity of the market for any Initial Notes of either series remaining after the completion of the applicable Exchange Offer may be substantially limited. Any Initial Notes of a series tendered and exchanged in the applicable Exchange Offer will reduce the aggregate principal amount of the Initial Notes of such series outstanding. Accordingly, the liquidity of the market for any remaining Initial Notes of either series could