Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 35

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 35
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 for distribution are insufficient to repay all of the paid-up capital, the assets will be distributed
so that the losses are borne by our Company’s shareholders in proportion to the par value of the shares held by them.

Calls on shares and forfeiture of shares.Our Company’s board of directors may from time to time make calls upon shareholders for any amounts
unpaid on their shares in a notice served to such shareholders at least fourteen calendar days prior to the specified time and place
of payment. The shares that have been called upon and remain unpaid are subject to forfeiture.

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Redemption, repurchase and surrender of shares.Our Company may issue shares on terms that such shares are subject to redemption, at its option or at
the option of the holders of these shares, on such terms and in such manner as may be determined by our Company’s board of directors
or by a special resolution of our Company’s shareholders. Our Company may also repurchase any of its shares on such terms and in
such manner as have been approved by our Company’s board of directors or by an ordinary resolution of its shareholders. Under the
Companies Act, the redemption or repurchase of any share may be paid out of our Company’s profits or out of the proceeds of
a new issue of shares made for the purpose of such redemption or repurchase, or out of capital (including share premium account and capital
redemption reserve) if our Company can, immediately following such payment, pay its debts as they fall due in the ordinary course of
business. In addition, under the Companies Act no such share may be redeemed or repurchased (a) unless it is fully paid up, (b) if
such redemption or repurchase would result in there being no shares issued and outstanding or (c) if the company has commenced liquidation.
In addition, our Company may accept the surrender of any fully paid share for no consideration.

Variations of rights of shares.If at any time, our Company’s share capital is divided into different classes of shares, the rights attached
to any class may be materially adversely varied with the consent in writing of the holders of at least two-thirds (2/3) 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