Company: FUFU
Filing Date: 2025-03-13
Form Type: 424B3
Source: 0001213900-25-023693
Chunk: 53

Company: Bitfufu Inc.
Filing Date: 2025-03-13
Form: 424B3
Chunk 53
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 Court
under civil liability provisions of U.S. federal securities law if such a judgment is found by the courts of the Cayman Islands
to give rise to obligations to make payments that are penal or punitive in nature. Such a determination has not yet been made by the
Grand Court of the Cayman Islands. A Cayman Islands court may stay enforcement proceedings if concurrent proceedings are being brought
elsewhere. A judgment entered in default of appearance by a defendant who has had notice of the Foreign Court’s intention to proceed
may be final and conclusive notwithstanding that the Foreign Court has power to set aside its own judgment and despite the fact that
it may be subject to an appeal the time-limit for which has not yet expired. The Grand Court of the Cayman Islands may safeguard the
defendant’s rights by granting a stay of execution pending any such appeal and may also grant interim injunctive relief as appropriate
for the purpose of enforcement.

Singapore

There is uncertainty as to whether
judgments of courts in the United States based upon the civil liability provisions of the securities laws of the United States or any
state or territory of the United States will be recognized or enforced by the Singapore courts, and there is doubt as to whether the Singapore
courts will enter judgments in original actions brought in the Singapore courts based solely on the civil liability provisions of these
securities laws. An in personam final and conclusive judgment in the federal or state courts of the United States under which a
fixed or ascertainable sum of money is payable may generally be enforced as a debt in the Singapore courts under the common law so long
as it is established that the Singapore courts have jurisdiction over the judgment debtor. However, the Singapore courts are unlikely
to enforce a foreign judgment if (i) the foreign judgment is inconsistent with a prior local judgment that is binding on the same parties;
(ii) the enforcement of the foreign judgment would contravene the public policy of Singapore; (iii) the proceedings in which the foreign
judgment was obtained were contrary to principles of natural justice; (iv) the foreign judgment was obtained by fraud; or (v) the enforcement
of the foreign judgment amounts to the direct or indirect enforcement of a foreign penal, revenue or other public law.

In particular, the Singapore courts may potentially not allow the enforcement
of any foreign judgment for a sum payable in respect of taxes, fines, penalties or other similar charges, including the judgments of courts
in the United States based upon the civil liability provisions of the securities laws of