Company: FUFU
Filing Date: 2025-04-21
Form Type: F-3/A
Source: 0001213900-25-033745
Chunk: 35

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: F-3/A
Chunk 35
---
 agent, if any; |

| ● | the procedures and conditions relating to the conversion 
 of the debt securities; and                              |

| ● | any other terms of the debt securities, including terms,                                
 procedure and limitation relating to the exchange or conversion of the debt securities. |

<div align='center'>22</div>

Form, Exchange, and Transfer

We may issue the debt securities
in registered form or bearer form. Debt securities issued in registered form, i.e., book-entry form, will be represented by a global security
registered in the name of a depository, which will be the holder of all the debt securities represented by the global security. Those
investors who own beneficial interests in global debt securities will do so through participants in the depository’s system, and
the rights of these indirect owners will be governed solely by the applicable procedures of the depository and its participants. In addition,
we may issue debt securities in non-global form, i.e., bearer form. If any debt securities are issued in non-global form, debt securities
certificates may be exchanged for new debt securities certificates of different denominations, and holders may exchange, transfer, or
convert their debt securities at the debt securities agent’s office or any other office indicated in the applicable prospectus supplement,
information incorporated by reference or free writing prospectus.

Prior to the conversion of their debt securities, holders of debt securities
convertible for Class A Ordinary Shares or other securities will not have any rights of holders of Class A Ordinary Shares or other securities,
and will not be entitled to dividend payments or voting rights, if any, of the Class A Ordinary Shares or other securities.

Conversion of Debt Securities

A debt security may entitle
the holder to purchase, in exchange for the extinguishment of debt, an amount of securities at a conversion price that will be stated
in the debt security. Debt securities may be converted at any time up to the close of business on the expiration date set forth in the
terms of such debt security. After the close of business on the expiration date, debt securities not exercised will be paid in accordance
with their terms.

Debt securities may be converted
as set forth in the applicable offering material. Upon receipt of a notice of conversion properly completed and duly executed at the corporate
trust office of the indenture agent, if any, or to us, we will forward, as soon as practicable, the securities purchasable upon such exercise.
If less than all of the debt security represented by such security is