Company: FUFU
Filing Date: 2025-07-08
Form Type: F-3
Source: 0001213900-25-061902
Chunk: 29

Company: Bitfufu Inc.
Filing Date: 2025-07-08
Form: F-3
Chunk 29
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 interests of the company and not with the effect of constituting a fraud
on the minority shareholders.

Dissolution; Winding Up. Under the Delaware General Corporation Law, unless the board of directors approves the proposal to dissolve, dissolution must
be approved by shareholders holding 100% of the total voting power of the corporation. Only if the dissolution is initiated by the board
of directors may it be approved by a simple majority of the corporation’s outstanding shares. Delaware law allows a Delaware corporation
to include in its certificate of incorporation a supermajority voting requirement in connection with dissolutions initiated by either
an order of the courts of the Cayman Islands or by the board of directors.

Under the Companies Act,
a Cayman Islands company may be wound up by either an order of the courts of the Cayman Islands or by a special resolution of its members
or, if the company is unable to pay its debts as they fall due, by an ordinary resolution of its members. The court has authority to order
winding up in a number of specified circumstances including where it is, in the opinion of the court, just and equitable to do so.

Variation of Rights of Shares. Under the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval
of a majority of the outstanding shares of such class, unless the certificate of incorporation provides otherwise. Under the our Amended
and Restated Memorandum and Articles of Association, whenever our share capital is divided into different classes the rights attached
to any such class may, subject to any rights or restrictions for the time being attached to any class, only be materially adversely varied
with the consent in writing of the holders of two-thirds of the issued shares of that class or with the sanction of a special resolution
passed at a separate meeting of the holders of the shares of that class.. The rights conferred upon the holders of the shares of any class
issued with preferred or other rights shall not, subject to any rights or restrictions for the time being attached to the shares of that
class, be deemed to be materially adversely varied by, inter alia, the creation, allotment or issue of further shares ranking pari passu with or subsequent to them or the redemption or purchase of any shares of any class by our company. The rights of the holders
of shares shall not be deemed to be materially adversely varied by the creation or issue of shares with preferred or other rights including,
without limitation, the creation of shares with enhanced or weighted voting rights.