Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 60

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 60
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 Notes are registered, if different from the person who tendered such Initial Notes.          |

All questions as to the
validity, form, eligibility and time of receipt of such notice will be determined by us, which determination shall be final and binding
on all parties, subject to the rights of the holders of the Initial Notes to challenge such determination in a court of competent jurisdiction.
Any Initial Notes so withdrawn will be deemed not to have been validly tendered for exchange for purposes of the Exchange Offer. Tenders
of Initial Notes will not be, or be deemed to have been, made if withdrawn. Any Initial Notes which have been tendered for exchange but
which are not exchanged for any reason will be returned to the tendering holder thereof without cost to such holder, in the case of physically
tendered Initial Notes, or credited to an account maintained with DTC for the Initial Notes promptly after withdrawal, rejection of tender
or termination of the Exchange Offer. Properly withdrawn Initial Notes may be retendered by following one of the procedures described
under “— Procedures for Tendering” and “— Book-Entry Transfer” above at any time prior to the Expiration
Date.

Conditions

Notwithstanding any other
provisions of the Exchange Offer, or any extension of the Exchange Offer, we will not be required to accept for exchange, or to exchange
any Exchange Notes for, any Initial Notes and we may terminate the Exchange Offer or, at our option, modify, extend or otherwise amend
the Exchange Offer, if any of the following conditions are not satisfied on or prior to the Expiration Date:

| · | no                                                                                                  
 action or event shall have occurred, no action shall have been taken, and no statute, rule,         
 regulation, judgment, order, stay, decree or injunction shall have been issued, promulgated,        
 enacted, entered, enforced or deemed to be applicable to the Exchange Offer or the exchange         
 of Initial Notes for Exchange Notes under the Exchange Offer by or before any court or governmental 
 regulatory or administrative agency, authority, instrumentality or tribunal, including, without     
 limitation, taxing authorities, that either:                                                        |

| (1) | challenges the making of the Exchange                                                     
 Offer or prohibits, prevents, or materially restricts or delays consummation of, or might 
 otherwise adversely affects in any material manner, the Exchange Offer or the exchange of 
 Initial Notes for Exchange Notes under the Exchange Offer; or                             |

| (2) | materially adversely affects our (