Company: FUFU
Filing Date: 2025-11-07
Form Type: F-3
Source: 0001213900-25-107483
Chunk: 23

Company: Bitfufu Inc.
Filing Date: 2025-11-07
Form: F-3
Chunk 23
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 may be prepared to pierce or lift the corporate veil).

Differences in Corporate Law

The Companies Act of Cayman
Islands is derived, to a large extent, from the older Companies Acts of England but does not follow recent English statutory enactments
and accordingly there are significant differences between the Companies Act of Cayman Islands and the current Companies Act of England.
In addition, the Companies Act of Cayman Islands differs from laws applicable to U.S. corporations and their shareholders. Set forth
below is a summary of certain significant differences between the provisions of the Companies Act of Cayman Islands applicable to us
and the laws applicable to companies incorporated in the United States and their shareholders.

<div align='center'>13</div>

Mergers and Similar Arrangements.The Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman
Islands companies and non-Cayman Islands companies. For these purposes, (i) “merger” means the merging of two or
more constituent companies and the vesting of their undertaking, property and liabilities in one of such companies as the surviving company,
and (ii) a “consolidation” means the combination of two or more constituent companies into a consolidated company and
the vesting of the undertaking, property, and liabilities of such companies to the consolidated company. In order to effect such a merger
or consolidation, the directors of each constituent company must approve a written plan of merger or consolidation, which must then be
authorized by (a) a special resolution of the shareholders of each constituent company, and (b) such other authorization, if
any, as may be specified in such constituent company’s articles of association. The written plan of merger or consolidation must
be filed with the Registrar of Companies of the Cayman Islands together with a declaration as to the solvency of the consolidated or
surviving company, a list of the assets and liabilities of each constituent company and an undertaking that a copy of the certificate
of merger or consolidation will be given to the members and creditors of each constituent company and that notification of the merger
or consolidation will be published in the Cayman Islands Gazette. Court approval is not required for a merger or consolidation which
is effected in compliance with these statutory procedures.

A merger between a Cayman
parent company and its Cayman subsidiary or subsidiaries does not require authorization by a resolution of shareholders of that Cayman
subsidiary if a copy of the plan of merger is given to every member of that Cayman