Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 54

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 54
---
 to the exchange agent; or                                                             |

| · | to                                                                                        
 amend the terms of the Exchange Offer in any manner deemed by the Company or Allied World 
 to be advantageous to the holders of the Initial Notes.                                   |

Any such delay in acceptance,
extension, termination or amendment will be followed as promptly as practicable by written notice to the exchange agent. If the Exchange
Offer is amended in a manner determined by the Company or Allied World to constitute a material change, we will promptly disclose such
amendment in a manner reasonably calculated to inform the holders of the Initial Notes of such amendment and we will extend the Exchange
Offer for a period of five to ten business days. In addition, if we amend or terminate the Exchange Offer, we will promptly file a post-effective
amendment to the Registration Statement of which this prospectus forms a part. Without limiting the manner in which we may choose to
make public the announcement of any delay, extension, amendment or termination of the Exchange Offer, we shall have no obligation to
publish, advertise or otherwise communicate any such public announcement, other than by making a timely release to an appropriate news
agency.

| - 32 - |

Absence of Dissenter’s Rights of Appraisal

Holders of the Initial Notes
do not have any dissenter’s rights of appraisal in connection with the Exchange Offer.

Procedures for Tendering

To tender in the Exchange
Offer, a holder must do either of the following:

| · | properly                                                                                    
 complete, sign and date the letter of transmittal, including all other documents required   
 by the letter of transmittal; have the signature on the letter of transmittal guaranteed    
 if the letter of transmittal so requires; and deliver that letter of transmittal and other  
 required documents to the exchange agent at the address listed in the letter of transmittal 
 on or before the Expiration Date; or                                                        |

| · | if                                                                                       
 the Initial Notes are tendered under the book-entry transfer procedures described below, 
 transmit to the exchange agent, on or before the Expiration Date, an agent’s message.    |

In addition, one of the
following must occur:

| · | the                                                                                    
 exchange agent must receive certificates representing the holder’s Initial Notes along 
 with the letter of transmittal on or before the Expiration Date;                       |

| · | the                                                                                            
 exchange agent must receive a timely confirmation of book-entry transfer of the Initial Notes  
 into the exchange agent’s account at The Depos