Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 168

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 10
Chunk 168
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 “synthetic security” or “hedge,” as part of a “conversion transaction,” or other integrated investment or ris...  

As used in this Report, the
term “ U. S. Holder” means a beneficial owner of Class A ordinary shares received in the Business Combination, that is,
for U. S. federal income tax purposes:

  an individual who is a citizen or resident of the United States;  

  a corporation (or other entity that is classified as a corporation for U. S. federal income tax purposes) that is created or organized in or under the laws of the United States or any State the...  

  an estate the income of which is subject to U. S. federal income tax regardless of its source; or  

  a trust (i) if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U. S. persons have the authority to control all subs...  

If a partnership, including
for this purpose any entity or arrangement that is treated as a partnership for U. S. federal income tax purposes, holds Class A ordinary
shares received in the Business Combination, the U. S. federal income tax treatment of a partner in such partnership will generally
depend on the status of the partner and the activities of the partnership. This discussion does not address the tax consequences to any
such partner or partnership. A holder that is a partnership and the partners in such partnership should consult their own tax advisors
with regard to the U. S. federal income tax consequences of the ownership and disposition of Class A ordinary shares received in the
Business Combination.

THIS SUMMARY DOES NOT PURPORT
TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U. S. FEDERAL INCOME TAX CONSEQUENCES OF THE OWNERSHIP AND DISPOSITION
OF CLASS A ORDINARY SHARES. IN ADDITION, THE U. S. FEDERAL INCOME TAX TREATMENT OF THE BENEFICIAL OWNERS OF CLASS A ORDINARY
SHARES MAY BE AFFECTED BY MATTERS NOT DISCUSSED HEREIN AND DEPENDS IN SOME INSTANCES ON DETERMINATIONS OF FACT AND INTERPRETATIONS OF
COMPLEX PROVISIONS OF U. S. FEDERAL INCOME TAX LAW FOR WHICH NO CLEAR PRECEDENT OR AUTHORITY MAY BE AVAILABLE. HOLDERS SHOULD
CONSULT WITH THEIR TAX ADVISORS REGARDING THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE OWNERSHIP AND DIS