Company: FUFU
Filing Date: 2025-11-07
Form Type: F-3
Source: 0001213900-25-107483
Chunk: 50

Company: Bitfufu Inc.
Filing Date: 2025-11-07
Form: F-3
Chunk 50
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 nature
of inheritance tax or estate duty. There are no other taxes likely to be material to the Company levied by the Government of the Cayman
Islands save certain stamp duties which may be applicable, from time to time, on certain instruments executed in or brought within the
jurisdiction of the Cayman Islands.

The Cayman Islands enacted
the International Tax Co-operation (Economic Substance) Act (Revised) together with the Guidance Notes published by the Cayman Islands
Tax Information Authority from time to time. If a company is considered to be a “relevant entity” and is conducting one or
more of the nine “relevant activities”, then such company will be required to comply with the economic substance requirements
in relation to the relevant activity from July 1, 2019. All companies whether a relevant entity or not is required to file an annual report
with the Registrar of Companies of the Cayman Islands confirming whether or not it is carrying on any relevant activities.

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ENFORCEABILITY OF CIVIL LIABILITIES</div>

Cayman Islands

We are incorporated under
the laws of the Cayman Islands as an exempted company with limited liability in order to enjoy the following benefits:

| ● | political and economic stability; |

| ● | an effective judicial system; |

| ● | a favorable tax system; |

| ● | the absence of foreign exchange control or currency restrictions; and |

| ● | the availability of professional and support services. |

However, certain disadvantages
accompany incorporation in the Cayman Islands. These disadvantages include, but are not limited to, the following:

| ● | the Cayman Islands has a less developed body of securities laws as compared to the United States and these securities laws provide significantly less protection to investors; and |

| ● | with respect to Cayman Islands companies, plaintiffs may face special obstacles, including but not limited to those relating to jurisdiction and standing, in attempting to assert derivative claims in state or federal courts of the United States. |

Our Amended and Restated
Memorandum and Articles of Association do not contain provisions requiring that disputes, including those arising under the securities
laws of the United States, between us, our officers, directors and shareholders, be arbitrated.

A majority of our Company’s
directors and officers are nationals or residents of jurisdictions other than the United States and a substantial portion of their assets
are located outside the United States. As a result, it may be difficult for a shareholder to effect