Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 89

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 4
Chunk 89
---
 The transfer of Additional ET Shares was completed at the Closing. 204,348 Class A ordinary shares
were issued at the Closing in connection with the aforementioned transactions, which have been classified as treasury shares of the Company.

In connection with the execution
of the Merger Agreement, the Sponsor and Aqua Pursuit International Limited, the financial advisor of Finfront (“ Aqua”), entered
into a stock purchase agreement (the “ Aqua Stock Purchase Agreement”), pursuant to which Aqua purchased 200,000 shares
of Arisz Common Stock (the “ Aqua Shares”) from the Sponsor for a purchase price of $2,000,000. Subject to the satisfaction
of conditions set forth in the Aqua Stock Purchase Agreement, the Sponsor shall cause the Aqua Shares to be transferred on the books and
records of Arisz to Aqua upon the consummation of any business combination (as defined in Arisz’s organizational documents). On
October 10, 2022, Aqua and the Sponsor entered into an amendment to the Aqua Stock Purchase Agreement, pursuant to which the number
of Aqua Shares purchased from the Sponsor was changed from 200,000 shares of Arisz Common Stock to 260,000 shares of Arisz Common
Stock, and the purchase price was changed from $2,000,000 to $2,500,000. The transfer of the Aqua Shares was completed at the Closing,
and 260,000 Class A ordinary shares were issue at the Closing in connection with the aforementioned transaction.

Amended and Restated Registration Rights
Agreement

At the Closing, we entered
into an amended and restated registration rights agreement (the “ Amended and Restated Registration Rights Agreement”) with
certain Pre-IPO Investors (as defined therein) with respect to Class A ordinary shares received by the Pre-IPO Investors in exchanged
for certain shares, units, private units (and the private shares, private warrants and private rights included therein) to the extent
they own, over-allotment units and share held by Chardan as deferred compensation, among others, at the Closing. The Amended and Restated
Registration Rights Agreement provides certain demand registration rights and piggyback registration rights to the Pre-IPO Investors,
subject to underwriter cutbacks and issuer blackout periods. We agree to pay certain fees and expenses relating to registrations under
the Amended and Restated Registration Rights Agreement. For details of the Amended and Restated Registration Rights Agreement, see Exhibit
4.16 to this Report.

Lock-Up Agreements

At