Company: FUFU
Filing Date: 2025-04-03
Form Type: F-3
Source: 0001213900-25-028397
Chunk: 22

Company: Bitfufu Inc.
Filing Date: 2025-04-03
Form: F-3
Chunk 22
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 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 subsidiary to be merged unless that member agrees otherwise.
For this purpose, a company is a “parent” of a subsidiary if it holds issued shares that together represent at least ninety
percent (90%) of the votes at a general meeting of the subsidiary.

The consent of each holder
of a fixed or floating security interest over a constituent company is required unless this requirement is waived by a court in the Cayman
Islands.

Save in certain limited
circumstances, a shareholder of a Cayman constituent company who dissents from the merger or consolidation is entitled to payment of the
fair value of his shares (which, if not agreed between the parties, will be determined by the Cayman Islands court) upon dissenting to
the merger or consolidation; provided that the dissenting shareholder complies strictly with the procedures set out in the Companies Act.
The exercise of dissenter rights will preclude the exercise by the dissenting shareholder of any other rights to which he or she might
otherwise be entitled by virtue of holding shares, save for the right to seek relief on