Company: FUFU
Filing Date: 2025-04-03
Form Type: F-3
Source: 0001213900-25-028397
Chunk: 26

Company: Bitfufu Inc.
Filing Date: 2025-04-03
Form: F-3
Chunk 26
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 director (unless the company permits him to do so), a duty not to put himself in a position where the
interests of the company conflict with his personal interest or his duty to a third party, and a duty to exercise powers for the purpose
for which such powers were intended. A director of a Cayman Islands company owes to the company a duty to act with skill and care. It
was previously considered that a director need not exhibit in the performance of his duties a greater degree of skill than may reasonably
be expected from a person of his knowledge and experience. However, English and Commonwealth courts have moved towards an objective standard
with regard to the required skill and care and these authorities are likely to be followed in the Cayman Islands.

Shareholder Action by Written Consent. Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by
written consent by amendment to its certificate of incorporation. Under Cayman Islands law, a company may eliminate the ability of shareholders
to approve corporate matters by way of written resolution signed by or on behalf of each shareholder who would have been entitled to vote
on such matters at a general meeting without a meeting being held by amending the articles of association.

Cayman Islands law and our
Amended and Restated Memorandum and Articles of Association provide that our shareholders may approve corporate matters by way of a unanimous
written resolution signed by or on behalf of each shareholder who would have been entitled to vote on such matter at a general meeting
without a meeting being held, and such resolution in writing shall be as valid and effective as if the same had been passed at a general
meeting of our company duly convened and held.

Shareholder Proposals.
Under the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders;
provided that it complies with the notice provisions in the governing documents. A special meeting may be called by the board of directors
or any other person authorized to do so in the governing documents, but shareholders may be precluded from calling special meetings.

The Companies Act provides
shareholders with only limited rights to requisition a general meeting, and does not provide shareholders with any right to put any proposal
before a general meeting. However, these rights may be provided in a company’s articles of association. Our Amended and Restated
Memorandum and Articles of Association allow any one or more of our shareholders holding shares which carry in aggregate not less than one-third of
the total number of votes attaching